5045 Butler AveFresno, CA 93727

Property Details for 5045 Butler Ave

Year built

1971

Construction

STEEL FRAME

Lot size

59.56 AC

Property size (Sq ft)

520,265 SF

Zone code

PI

Property type

Office buildings

APN

472-021-30

APU

47202130

Description

This exceptional Fresno, California property, located at 5045 E Butler Ave, offers a substantial 531,976 square feet of single-tenant flex space. Situated on a generous 48.69-acre lot, this one-story building boasts 2,641 parking spaces, providing a convenient 5/1,000 parking ratio. Built in 1971, the property is zoned PI (Public and Institutional) and features five interconnected buildings, easily adaptable for multiple users. The expansive space primarily consists of open-office areas, ideal for various business needs. The campus-style setting includes attractive amenities such as a fully equipped kitchen with cafeteria seating, shaded outdoor courtyards, multiple gathering areas, a secure backup power supply, and significant energy upgrades. The gated campus offers a favorable coverage ratio of approximately 25%. Its prime location provides convenient access to downtown Fresno and the surrounding community, making it a rare and highly desirable large-block office space opportunity in this market. The property's APN is 472-021-030. The entire 531,976 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $73,756,048

  6.5%

  $68,082,504

  7%

  $63,219,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $69,086,088

  Geo Method

  $145,107,104

• Alternative Use

  Use

  Valuation

  Residential

  $84,422,304

  Hospitality

  $77,330,376

  Educational

  $64,337,964

  Medical

  $66,550,644

  Retail

  $100,081,280

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7305

Longitude

-119.725

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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