Blackstone Avenue Commercial
For Sale
$495,000
2804 N Blackstone, Fresno, CA 93703
Well-maintained commercial property on Blackstone Avenue with income potential.
Property Size3,237 SF
Price / SF$152.92
Days on Market140
Property Features for 2804 N Blackstone
General Information
Standard status
Active
Size
3,237 SF
Property subtype
Retail
Building Details
Building Size
3,237 SF
Year Built
1956
Listing Agency:
Fortune Associates
Listed By:
Brandon D. Lamonica · License #01317857
(559) 490-2500
Source:
Commercialcafe
Added: May 21
Changed: Sep 27
Last Checked: Oct 7 at 9:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortune Associates
Investment Insights
Based on property information with market context.
Located on the highly traveled Blackstone corridor at 2804 North Blackstone Avenue, this well-maintained commercial property is an income-producing asset. It features strong in-place tenancy with one remaining vacancy, presenting an opportunity for investors and owner-users seeking stable cash flow with upside potential. The property offers individually metered utilities, allowing for efficient expense management and simplified tenant billing. The site includes 8 dedicated parking stalls, providing convenient on-site parking for tenants and customers. The property size is 3237 square feet.
Key Highlights
- Located on the highly traveled Blackstone corridor.
- Income‑producing property with strong in‑place tenancy.
- Opportunity for investors and owner‑users.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,931
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,620
$758.6K
Cap Rate 7%
$541,871
$541.9K
Cap Rate 9%
$421,456
$421.5K
Market Conditions
NOI Build-Up for 3,237 SF
Gross rent
$58.3K $18.00/SF
− Vacancy
−$4.1K −$1.26/SF
EGI
$54.2K $16.74/SF
− OpEx
−$16.3K −$5.02/SF
NOI
$37.9K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,620
Cap Rate 7%
$541,871
Cap Rate 9%
$421,456
Alternative Uses
Best Use
Office B
$684.6K
$599.1K – $798.7K
NOI $47,924 @ 7.0% cap · market cap 9.68%
Second Best
Retail
$541.9K
$474.1K – $632.2K
NOI $37,931 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$953.9K
$834.7K – $1.11M
NOI $66,773 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 93703, CA
34,840
Population
11,155
Households
3.1
Avg Household Size
31
Median Age
9%
College-Educated
72%
High-School Grad
4.8 sq mi
ZIP Area
7,258
Density / Sq Mi
$43,236
Median Household Income
$30,359
Median Earnings
$1,204
Median Rent
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail property - Well-maintained commercial property on Blackstone Avenue with income potential.
Where is this retail property located?
The property is located at 2804 N Blackstone Fresno, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Located on the highly traveled Blackstone corridor.; Income‑producing property with strong in‑place tenancy.; Opportunity for investors and owner‑users.
