Property profile

5151 N Palm Ave Fresno, CA 93704

FOR LEASE
Office buildings
Property ID
US09-2506955
41,010 SF 4.07 ac lot Built 1970
Entity Owned 30-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Fresno office property, located at 5151 N Palm Ave, offers a diverse range of spaces ideal for various business needs. The single-story, 41,010 square foot building sits on a 4.07-acre lot and boasts a Class B designation, having undergone renovations in 2020. Originally constructed in 1970, the property is zoned CMX and features ample parking, both in a convenient rear lot and on the street. The building's excellent northwest location places it directly across from Fig Garden Village, providing high visibility and easy access. Currently, several office suites are available, ranging from 490 to 1,200 square feet. These units offer a variety of configurations, including options with reception areas, multiple private offices, breakrooms, and restrooms. Unit #900 includes a reception area, four private offices, a breakroom, a restroom, and storage. Unit #610 features a reception area and three private offices, while Unit #720 offers an open reception area with two offices. All units benefit from excellent signage opportunities. This property is perfect for businesses seeking a well-maintained, conveniently located office space in a thriving Fresno neighborhood. The property's APN is 417-213-25, and it's situated in Fresno County, CA, 93704, near the cross streets of W Shaw Ave and N Palm Ave. The building's multiple tenancy allows for flexibility and diverse occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction TILT-UP CONCRETE
Total area 41,010 SF
Lot 4.07 ac (177,289 SF)
Zoning code CMX
APN 417-213-25
UPID US09-2506955

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
  • Dental Office
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

5151 N Palm Ave Fresno, CA 93704
Fresno metro Census 4506 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$2.51M

Owner & transaction history

Zoning & alternative use

CMX · Fresno, CA
Zoning description

Single Unit Dwelling, Attached | Multi-Unit Residential NMX,* CMX,* RMX* Adult Family Daycare, Small (6 clients or less) & Large (7-12 clients) NMX,* CMX* Elderly & Long-Term Care NMX* Family Daycare, Small (8 children o…

General category MIXED_USE

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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