1133 Olive AveFresno, CA 93728

Property Details for 1133 Olive Ave

Year built

1988

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

4,787 SF

Zone code

CMS

Property type

Office properties

Property subtype

Office buildings

APN

451-273-23

APU

45127323

Description

This exceptional investment opportunity presents a 4,787 square foot, single-story executive office building situated on a 0.269-acre lot at 1133 E Olive Ave, Fresno, CA 93728. The property, built in 1988, boasts a Class C designation and is currently 100% occupied under a NNN lease. With 14 parking spaces and a convenient location in the vibrant Tower District, this fee-simple offering provides a strong rental income stream. The building is zoned CMS and features a total of 4,787 square feet, priced at $240.23 per square foot, for an asking price of $1,150,000. The property's Assesor's Parcel Number (APN) is 451-273-23. This well-maintained asset represents a compelling investment for those seeking a stable, fully leased office building in a desirable Fresno location. The single-tenant occupancy ensures ease of management and predictable cash flow. This is a rare opportunity to acquire a turnkey investment property in a thriving area. Don't miss out on this chance to own a piece of Fresno's dynamic commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $678,635

  6.5%

  $626,433

  7%

  $581,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,667

  Geo Method

  $1,335,142

• Alternative Use

  Use

  Valuation

  Residential

  $776,776

  Hospitality

  $711,523

  Educational

  $591,979

  Medical

  $612,338

  Retail

  $920,856

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.758

Longitude

-119.797

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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