Blackstone Avenue Commercial
2804 North Blackstone Avenue Fresno, CA 93703
2804 North Blackstone Avenue, Fresno, CA, 93703
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For Sale
Contact for pricing
Well-maintained commercial property on Blackstone Avenue with income potential.
Property Size3,237 SF
Price / SF$162.19
Days on Market62
Property Features for 2804 North Blackstone Avenue
General Information
- Standard status
- Active
- Size
- 3,237 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1956
Listing Agency
Fortune Associates
(559) 490-2500
Listed by
Brandon Lamonica · License #CA 01317857
Source
Crexi
Added: May 20 Checked: Jul 19 at 5:04 am
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.
Local Financial Insights For Retail
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 | $58.3k | $18.00 |
| − Vacancy | −$4.1k | −$1.26 |
| EGI | $54.2k | $16.74 |
| − OpEx | −$16.3k | −$5.02 |
| NOI | $37.9k | $11.72 |
3,237 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$541.9K
$474.1K – $632.2K
NOI $37,931 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$953.9K
$834.7K – $1.11M
NOI $66,773 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
X-Otica Inc
Hair Salon
Similar For Sale Nearby
FAQs
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 North Blackstone Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $525,000.
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.
