Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6090 N Blackstone Ave Fresno, CA 93710

    Sponsored
    For Sale
    $7,495,000

    58-room hotel, extensively renovated, high NOI.

    Property size:
    19,716 SF

    Property Features for 6090 N Blackstone Ave

    General Information

    Property type
    Hotels
    Square Feet
    19,716 SF
    Price / Square Foot
    $380
    Elevators
    N/A

    Building Details

    Year Built/Renovated
    1963/2021
    Buildings
    1
    Stories
    2
    Units
    58

    Overview

    Renovated 58-Room Hotel Investment Opportunity

    This two-story, 58-room hotel with exterior corridors is located in Fresno, California, off Highway 41. The property is near Fresno Yosemite International Airport and California State University, Fresno. In 2021, the hotel underwent extensive renovations, including upgrades to guest rooms, bathrooms, and public areas. The hotel's 2023 gross room revenue was $1,521,252, inclusive of group contracts, with a Net Operating Income (NOI) of $640,870. The location provides access to attractions such as Forestiere Underground Gardens, Fresno Chaffee Zoo, and the Tower District. Yosemite National Park (64 miles) and Sequoia National Park (75 miles) are also accessible from the property.

    We can help!

    Listing Contact
    David Bowman

    Learn more

    Property Insight Report

    HighLights

    • 58‑room, 2‑story hotel with exterior corridors, recently renovated.
    • Prime location near Fresno Yosemite International Airport and California State University, Fresno.
    • 2023 NOI of $640,870 and gross room revenue of $1,521,252.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Days Inn by ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    State
    California
    Longitude
    -122.661139
    Latitude
    45.531877

    Nearby Similar for Sale

    • $450,000
      1,650 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      4584 E Tulare St, Fresno, CA 93702
      View Details
    • $995,000
      8,139 SF

      Fresno Commercial Building For Sale

      8,139 SF office building on 0.26 acres in Fresno.
      1401 N Wishon Ave, Fresno, CA 93728
      View Details
    • $399,000
      1,488 SF

      Fresno Office For Sale

      Office property in Fresno, CA, with 1,488 square feet.
      90 E Magill Ave, Fresno, CA 93710
      View Details
    • $725,000
      5,720 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, ideal for auto-related businesses.
      1824 E Mckinley Ave, Fresno, CA 93703
      View Details
    • New
      $615,000
      2,400 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, California, available for purchase.
      2381 S Taylor Ave, Fresno, CA 93706
      View Details
    • $250,000
      2,800 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California, offering 2,800 square feet.
      242 E Lewis Ave, Fresno, CA 93701
      View Details
    • $884,000
      7,586 SF

      Pinedale Commercial Property for Sale

      Commercial property in Pinedale, CA, featuring 7586 square feet of space.
      30 E Minarets Ave, Pinedale, CA 93650
      View Details
    • $1,499,900
      9,200 SF

      Fresno Commercial Warehouse For Sale

      9,200 sqft warehouse on 0.48 acres in Fresno, CA.
      4751 N El Capitan Ave, Fresno, CA 93722
      View Details
    • New
      $990,000
      Pending

      Fresno Multifamily Investment Opportunity

      Eight-unit multifamily property in Fresno, fully occupied with reliable income.
      422 N Glenn Ave, Fresno, CA 93701
      View Details
    • $600,000
      1,597 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California, with 1597 square feet.
      1276 N 1St St, Fresno, CA 93703
      View Details
    • $597,000
      2,159 SF

      Retail Property in Fresno, CA

      Retail property for sale in Fresno, California.
      2051 N Fresno St, Fresno, CA 93703
      View Details
    • New
      $2,899,999
      25,560 SF

      Fresno Commercial Property for Sale

      Commercial property in Fresno, CA, featuring 25,560 square feet.
      922 Van Ness Ave, Fresno, CA 93721
      View Details

    FAQs

    What type of property is this?
    Hotel - 58-room hotel, extensively renovated, high NOI.
    Where is this hotel located?
    The property is located at 6090 N Blackstone Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $7,495,000.
    What are key features of this property?
    This property features: 58-room, 2-story hotel with exterior corridors, recently renovated.; Prime location near Fresno Yosemite International Airport and California State University, Fresno.; 2023 NOI of $640,870 and gross room revenue of $1,521,252.
    (818) 667-0627
    Request Owner's contact information
    6090 N Blackstone Ave Fresno, CA 93710
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6090 N Blackstone Ave
    Fresno, CA 93710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6090 N Blackstone Ave Fresno, CA 93710
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Bowman
    (818) 667-0627
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!