Remodeled Mixed-Use Commercial
For Sale
$475,000
1448 N Blackstone Avenue, Fresno, CA 93703
NMX-zoned space offers flexible rooms, kitchen infrastructure, gated parking, and a covered rear patio.
Property Size1,900 SF
Price / SF$250
Days on Market336
Property Features for 1448 N Blackstone Avenue
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Zoning
NMX
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
three bathrooms with shower
multiple open rooms
large prep/storage area
private office
commercial kitchen infrastructure
covered rear patio
gated parking
on-site billboard
Building Details
Building Size
1,872 SF
Year Built
1946
Buildings
1
Listing Agency:
Universal Realty Services, Inc.
(559) 917-1113
Listed By:
Gautam Atri · License #02050505
(559) 917-1113
Source:
Coalingamidstaterealty
Added: Sep 1, 2025
Changed: Jul 31
Last Checked: Aug 1 at 12:14PM
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 Universal Realty Services, Inc.
Investment Insights
Based on property information with market context.
Located at 1448 N Blackstone Avenue in Fresno, this nearly 1,900-square-foot commercial property is fully remodeled with new lighting, fresh paint, and a new roof. The layout includes multiple open rooms, a large prep and storage area, a private office, and three bathrooms, including one with a shower. Existing gas, electrical, and plumbing infrastructure supports a full commercial kitchen, while a covered rear patio and gated rear parking add operational flexibility.
The property is zoned NMX (Neighborhood Mixed Use) and sits on Blackstone Avenue just off Highway 41, minutes from Fresno City College. The configuration supports a range of commercial concepts, including retail, professional office, salon or spa, food preparation, and service-oriented uses. An on-site billboard provides additional advertising space.
The property is zoned NMX (Neighborhood Mixed Use) and sits on Blackstone Avenue just off Highway 41, minutes from Fresno City College. The configuration supports a range of commercial concepts, including retail, professional office, salon or spa, food preparation, and service-oriented uses. An on-site billboard provides additional advertising space.
Key Highlights
- Nearly 1,900 square feet of fully remodeled commercial space
- NMX (Neighborhood Mixed Use) zoning
- New lighting, fresh paint, and a new roof
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $21.00 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $37.5k | $19.74 |
| − OpEx | −$9.4k | −$4.94 |
| NOI | $28.1k | $14.81 |
1,900 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$401.9K
$351.6K – $468.8K
NOI $28,130 @ 7.0% cap · market cap 5.92%
Second Best
Specialty Retail
$367.4K
$321.5K – $428.6K
NOI $25,718 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$559.9K
$489.9K – $653.2K
NOI $39,193 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
967
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - NMX-zoned space offers flexible rooms, kitchen infrastructure, gated parking, and a covered rear patio.
Where is this mixed-use property located?
The property is located at 1448 N Blackstone Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Nearly 1,900 square feet of fully remodeled commercial space; NMX (Neighborhood Mixed Use) zoning; New lighting, fresh paint, and a new roof
