Blackstone Avenue Retail/Warehouse
For Sale
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6508 N Blackstone Ave, Fresno, CA 93710
4,950 SF retail/warehouse building in Fresno automotive complex.
Property Size4,950 SF
Price / SF$160.61
Days on Market351
Property Features for 6508 N Blackstone Ave
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Industrial
Zoning
CMX (Corridor/ Center Mixed-Use)
Building Details
Year Built
1994
Listing Agency:
Retail California
(559) 447-6277
Listed By:
Kelsey McKenney · License #CA 02217573
Source:
Crexi
Added: Aug 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:42PM
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 Retail California
Investment Insights
Based on property information with market context.
This is a 4,950 square foot stand-alone building suitable for retail, warehouse, or automotive use. It is located in an automotive complex on Blackstone Avenue in Fresno, California. Other tenants in the center include Firestone and Grease Monkey Oil Changers. The building includes a retail showroom and five bays, each with a roll-up door facing the property. The property is situated on N. Blackstone Avenue, a primary retail corridor in Fresno. Nearby retailers include Home Depot, Costco, O’Reilly, Dollar General, and Starbucks. The location is mid-block between Herndon and Sierra Avenues, with over 130,000 vehicles traveling through the two intersections daily. Highway 41 is accessible via Herndon Avenue.
Key Highlights
- Prime location on N. Blackstone Avenue, Fresno's primary retail artery.
- High traffic volume: Over 130,000± vehicles daily at nearby intersections.
- 4,950± square foot stand‑alone retail/warehouse or automotive building.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,160,080
$1.2M
Cap Rate 7%
$828,629
$828.6K
Cap Rate 9%
$644,489
$644.5K
Market Conditions
NOI Build-Up for 4,950 SF
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.
Gross rent
$89.1K $18.00/SF
− Vacancy
−$6.2K −$1.26/SF
EGI
$82.9K $16.74/SF
− OpEx
−$24.9K −$5.02/SF
NOI
$58.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,160,080
Cap Rate 7%
$828,629
Cap Rate 9%
$644,489
Alternative Uses
Best Use
Retail
$828.6K
$725.1K – $966.7K
NOI $58,004 @ 7.0% cap · market cap 7.30%
Second Best
Warehouse
$630.9K
$552.0K – $736.1K
NOI $44,163 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,109 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - 4,950 SF retail/warehouse building in Fresno automotive complex.
Where is this automotive property located?
The property is located at 6508 N Blackstone Ave Fresno, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Prime location on N. Blackstone Avenue, Fresno's primary retail artery.; High traffic volume: Over 130,000± vehicles daily at nearby intersections.; 4,950± square foot stand‑alone retail/warehouse or automotive building.**
