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    Property profile & analytics

    6700 1St St Fresno, CA 93710

    • Medical Office Space
    • 14,140 SF
    • 1.21 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0600866
    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

    • Shed and Glow / Medical Clinic / Skin Care Clinic
    • Jennings Richard E DDS / Dental Office
    • Sarah M. Schuyler, RN, Ph.D. / Physician / Medical Clinic
    • Richard B. King, Ph.D. / Physician / Medical Clinic
    • West Dermatology Fresno / Physician / Medical Clinic

    Property Details for 6700 1St St

    Year built
    1980
    Construction
    WOOD
    Lot size
    1.21 lot acres
    Property size
    14,140 SF
    Zone code
    O
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    408-140-29
    APU
    40814029

    Description

    This exceptional 14,140 square foot medical office complex, located at 6700 N. First Street, Suites 101-119, Fresno, CA 93710, presents a unique investment opportunity. The property consists of eleven units spread across three single-story buildings, totaling 14,140 square feet on a 52,707 square foot lot (APN 408-140-29). Built in 1988, the Class C building features a Modified Lease type and multi-tenancy. The property is zoned O (Office) and enjoys a highly desirable location at the southeast corner of First Street and Warner Avenue, just south of Herndon Avenue. Its strategic position offers convenient access to Highway 41 on/off ramps, placing it within easy reach of major transportation arteries. Furthermore, the complex benefits from its proximity to prominent healthcare providers, including Saint Agnes Medical Center and Kaiser Permanente. The surrounding area provides ample amenities, including nearby restaurants, shopping centers, and banking facilities, enhancing the property's appeal to both tenants and investors. Detailed income and expense information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,485,000
      Market price range: $833k - $2.46M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,295,000
      Current use
      RESTAURANT
      $3,325,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.772
    Latitude
    36.8359
    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
    $26,778
    $730,843
    $1,371,209
    $2,102,052
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $1,420,000
      7,019 SF

      6777 Willow Ave

      MEDICAL BUILDING • 7,019 SF
      6777 Willow Ave, Fresno, CA 93710-5900
      View Details
    • Value Estimation
      $1,225,000
      7,192 SF

      6721 Willow Ave

      MEDICAL BUILDING • 7,192 SF
      6721 Willow Ave, Fresno, CA 93710-5950
      View Details
    • Value Estimation
      $780,000
      3,465 SF

      6153 Thesta St

      MEDICAL BUILDING • 3,465 SF
      6153 Thesta St, Fresno, CA 93710-5266
      View Details
    • Value Estimation by Request
      2,573 SF

      1119 Shaw Ave

      MEDICAL BUILDING • 2,573 SF
      1119 Shaw Ave, Fresno, CA 93710-7808
      View Details
    • Value Estimation
      $1,910,000
      9,120 SF

      6789 Willow Ave

      MEDICAL BUILDING • 9,120 SF
      6789 Willow Ave, Fresno, CA 93710-5959
      View Details
    • Value Estimation
      $600,000
      5,512 SF

      5479 Fresno St Ste, Unit 100

      MEDICAL BUILDING • 5,512 SF
      5479 Fresno St Ste, Fresno, CA 93710-8328
      View Details

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    • Contact for pricing
      14,140 SF

      Fresno Medical Office Complex

      14,140 SF Multi-Tenant Medical Office
      6700 1St St, Fresno, CA 93710
      View Details

    Similar Nearby for Lease

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      4,937 SF

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    • $20 SF/Yr
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      Fresno Medical Office Space Available

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    • $31 SF/Yr
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    • Contact for pricing
      1,535 SF

      Medical/Dental Office Space Available

      Medical/dental office space for rent with existing build-out.
      5475 N Fresno St, Fresno, CA 93710
      View Details
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    Fresno, CA 93710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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