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Property profile & analytics
FOR LEASE
Banks
7060 N Fresno St, Fresno, CA 93720
Individually Owned
30-yr Hold
~
Est. High Equity
Property ID
US09-2530236
For Lease
1 / 40
$1,255,000
7060 N Fresno St, Fresno, CA 93720
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Property summary
AI-generated overview
This exceptional Class A office building, located at 7060 N Fresno St, Fresno, CA 93720, offers 3,288 square feet of immediately available executive office space. The building itself totals 24,668 square feet and is situated in a prime location just north of Herndon Avenue, providing convenient access to Highway 41. The property is zoned O - Office and features a stunning lobby and elegant interior design. The available space boasts a functional floor plan and enjoys abundant natural light thanks to the building's exterior glass and lighting design. This multi-tenant building presents a unique opportunity for businesses seeking a prestigious address in Fresno. The building's location at the cross streets of Fresno & Fir Street offers excellent visibility and accessibility. The available space is perfect for a business seeking a modern and efficient workspace with scenic views. This is a rare opportunity to secure high-quality office space in one of Fresno's most desirable locations. Don't miss out on this chance to establish your business in a premier setting.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1993
Construction
TILT-UP CONCRETE
Total area
24,668 SF
Lot
1.31 ac (57,063 SF)
Zoning code
O
APN
303-180-37
UPID
US09-2530236
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Georgeson & Belardinelli Law Firm
-
Argos Software (Bike/Boat/Book/etc) Store Corporate Office
-
Financial Wize Mortgage Lenders Fresno CA Nursing Home Retirement Community
-
loanDepot Loan Service Bank
-
California Bank & Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.26M
Owner & transaction history
Diamond View Apartments · 30 yrs held
Diamond View Apartments
since 1995
2 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,800,000
Current use
COMMERCIAL (GENERAL)
$1,570,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,367
Tax year 2023
Assessed value
$4,900,000
Assessed 2023
Previous assessed
$4,900,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$900,000
Assessed improvement
$4,000,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
24,668 SF
Lot
1.31 ac (57,063 SF)
Zoning code
O
APN
303-180-37
UPID
US09-2530236
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Diamond View Apartments
Individual
Mailing address
9 PLEASANT VW RD, NOVATO, CA 94947-3851
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 1995
$4,000,000
Diamond View Apartments
Regency Bank
Grant Deed
$2,150,000 · Regency Bank
Sep 30, 1988
$624,000
Regency Bank
Unknown
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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