Property profile & analytics
5250 Palm Ave Fresno, CA 93704-2218
- Office buildings
- 126,346 SF
- 5.31 lot acres
OFF-MARKET
Value Estimations
$25,765,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-1761032
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Dan Conniff - Morgan Stanley / Financial Advisor
- Michael A Marini - Morgan Stanley / Financial Advisor
- David S Scheid - Morgan Stanley / Financial Advisor
- Maria Brouwer - Morgan Stanley / Financial Advisor
- David S Scalzo - Morgan Stanley / Financial Advisor
Property Details for 5250 Palm Ave
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 5.31 lot acres
- Property size
- 126,346 SF
- Zone code
- RMX
- Property type
- Office buildings
- APN
- 417-140-27
- APU
- 41714027
Description
This exceptional Class A office space, located at 5250 N Palm Ave, Fresno, CA 93704 (cross streets: Palm/Shaw), offers a unique opportunity for businesses seeking a prime location. The Fig Garden Financial Center is a single, four-story building totaling 117,046 square feet, constructed in 1984 and extensively renovated in 2022. The property features multiple tenancy options, with two immediately available suites ranging from 3,939 to 5,045 square feet. The building is well-maintained and offers a variety of amenities including elevators. Its location in the desirable Fig Garden area provides excellent access to major transportation routes and a wealth of nearby amenities. The building's design caters to a variety of office styles, suitable for traditional, executive, or creative office environments. This is an ideal opportunity to secure high-quality office space in a thriving Fresno business district. The property's recent renovation ensures modern, efficient, and attractive workspaces. Interested parties should inquire promptly to secure their preferred space within this sought-after location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $33,255,000
- 6.5%
- $30,695,000
- 7%
- $28,505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $28,914,000
- AI Estimate
- $17,678,000
Market price range: $11.3M - $28.9MMarket price range: $5.93M - $17.7M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $20,085,000 Current use
- RESTAURANT
- $29,705,000 Change: +48% Conversion: Moderate
- MEDICAL BUILDING
- $25,395,000 Change: +26% Conversion: Easy
- AUTO REPAIR, GARAGE
- $19,480,000 Change: -3% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $17,765,000 Change: -12% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $16,210,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.807
- Latitude
- 36.8128
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$269,328
$3,346,556
$17,848,303
$21,194,859
-
$0.00
$0.00
$0.00
