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190 N Van Ness Ave 3,747 SF 100% Leased Office Building Fresno, CA 93701 $599,900 ($160.10/SF) 6.70% Cap Rate
Investment Highlights
- Fenced on-site parking lot
- Ideal for an owner-operator looking to offset office overhead with investment income
- Prime Downtown Fresno corner location at Van Ness & Nevada Avenues.
- Turnkey investment opportunity
- Owned rooftop solar system, permanent reduction in operating costs
Executive Summary
190 N Van Ness Avenue (“190 Van Ness Professional Office Suites”) is a multi-tenant office building situated on the corner of Van Ness and Nevada Avenues in the heart of Downtown Fresno, in close proximity to Community Regional Medical Center. The asset is configured as twelve individual office suites ranging from 198 to 342 SF, ideally sized for small professional users across the legal, medical, beauty, education, and professional services sectors.
The building has been recently renovated (see exterior and interior photographs that follow) and features a fenced on-site parking lot and a fully owned rooftop solar system. The solar installation materially reduces utility expense under the building’s gross-lease structure. This impact is clearly reflected in the 2025 financials, where utility costs declined approximately 36% year-over-year. Currently 92% leased (11 of 12 units occupied), 190 N Van Ness offers investors a turnkey, income-producing opportunity, while providing an owner-occupier with the added benefit of offsetting ownership costs with in-place rental income.
The building has been recently renovated (see exterior and interior photographs that follow) and features a fenced on-site parking lot and a fully owned rooftop solar system. The solar installation materially reduces utility expense under the building’s gross-lease structure. This impact is clearly reflected in the 2025 financials, where utility costs declined approximately 36% year-over-year. Currently 92% leased (11 of 12 units occupied), 190 N Van Ness offers investors a turnkey, income-producing opportunity, while providing an owner-occupier with the added benefit of offsetting ownership costs with in-place rental income.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,747 SF
Building Class
B
Year Built
1966
Price
$599,900
Price Per SF
$160.10
Cap Rate
6.70%
NOI
$40,193
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,747 SF
Building FAR
0.32
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
NMX & RS-5 - Building zoning is NMX & Parking Lot zoning is RS-5
Parking
14 Spaces (3.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Security System
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Michelle Hadassah Reed Mnstrs
- Services
- -
- -
- -
- National Farm Labor Contractor's Association
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Michelle Hadassah Reed Mnstrs | Services | - | - | - | ||
| National Farm Labor Contractor's Association | Services | - | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $369,342 | |
| Land Assessment | $78,030 | Total Assessment | $447,372 |
Property Taxes
Parcel Numbers
Land Assessment
$78,030
Improvements Assessment
$369,342
Total Assessment
$447,372
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190 N Van Ness Ave
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