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4005 N Fresno St Fresno, CA 93726

Medical Office Space Google Maps
8,320 SF 0.71 ac lot Built 1985
Individually Owned 23-yr Hold ~ Est. High Equity
Estimated value (blended)
$405k
Range $365k – $446k (±10%)
Property ID US09-0583967

Property summary

AI-generated overview

This exceptional office complex, situated at 4005-4015 N Fresno Street in Central Fresno, offers a rare opportunity to lease prime office space. The property boasts a convenient location just south of Ashlan Avenue, providing excellent visibility and easy access to Highway 41 via nearby on/off ramps. The complex comprises ten single-story buildings, offering a total of 8,049 square feet of vacant space. Five individual suites are currently available, ranging in size from 705 to 2,461 square feet. This versatile property is ideal for a variety of businesses, particularly those seeking a blend of general and medical office space. The complex features existing medical office build-outs, a highly sought-after characteristic in the market. Its location in Central Fresno offers unparalleled convenience, with numerous amenities within easy reach, including a wide array of restaurants, retail establishments, banks, and shopping centers. The property's strategic placement ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving area of Fresno County. This established office complex presents a unique opportunity to secure well-appointed office space in a highly desirable location. The property is located in Fresno County and is easily accessible from Ashlan Avenue and Fresno Street.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Construction WOOD
Total area 8,320 SF
Lot 0.71 ac (30,927 SF)
Zoning code O
APN 436-112-38
UPID US09-0583967

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Medical Clinic
  • Medical Group

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$689k
Blend (final) Blend
$405k

Owner & transaction history

since 2003
6 recorded transactions
2022
Price N/A
2018
Price N/A
2003
$2.0M
2002
$210,909
1969
Price N/A
1969
Price N/A

Zoning & alternative use

O · Fresno, CA
Zoning description

O: Provides sites for administrative, financial, business, professional, medical, & public offices BP / RBP: Provides campus-type office professional environments & technology development IL: Provides areas for a diverse…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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