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 Market157
Property Features for 2804 N Blackstone
General Information
Standard status
Active
Size
3,237 SF
Property subtype
Retail
Site & Location
Neighborhood
Mclane
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: Oct 13
Last Checked: Oct 23 at 3:58AM
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
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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.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
