Stand-Alone Automotive Retail
For Sale
Contact for pricing
6508 N Blackstone Ave, Fresno, CA 93710
Retail showroom plus five roll-up bays in a 4,950± SF building within an automotive complex.
Property Size4,950 SF
Price / SF$160.61
Days on Market362
Property Features for 6508 N Blackstone Ave
General Information
Standard status
Active
Size
4,950 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
Retail California Commercial Real Estate
(559) 256-1700
Listed By:
Kelsey McKenney · License ##02217573
(559) 447-6218
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Sep 8
Last Checked: Sep 13 at 4:22AM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering is a 4,950± square foot retail/warehouse or automotive building located in an automotive complex, fronting Blackstone Avenue in Fresno, CA. The building includes a retail showroom and five bays, each with a roll-up door facing the property.
The automotive complex includes other tenants; Firestone and Grease Monkey Oil Changers are additional tenants in the center and are not part of the offering.
The configuration supports retail-facing activity alongside multiple service bays, with roll-up doors positioned to provide direct access to each bay from the frontage.
The automotive complex includes other tenants; Firestone and Grease Monkey Oil Changers are additional tenants in the center and are not part of the offering.
The configuration supports retail-facing activity alongside multiple service bays, with roll-up doors positioned to provide direct access to each bay from the frontage.
Key Highlights
- 4,950± SF stand‑alone retail/warehouse or automotive building within an automotive complex in Fresno, CA
- Retail showroom with five bays, each featuring a roll‑up door fronting the property
- Located in an automotive complex fronting Blackstone Avenue in Fresno
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
$66,023
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
8.30%
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%
$1,320,460
$1.3M
Cap Rate 7%
$943,186
$943.2K
Cap Rate 9%
$733,589
$733.6K
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
$106.9K $21.60/SF
− Vacancy
−$5.3K −$1.08/SF
EGI
$101.6K $20.52/SF
− OpEx
−$35.6K −$7.18/SF
NOI
$66.0K $13.34/SF
Area
Fresno, CA
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,320,460
Cap Rate 7%
$943,186
Cap Rate 9%
$733,589
Alternative Uses
Best Use
Flex RnD
$943.2K
$825.3K – $1.10M
NOI $66,023 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$828.6K
$725.1K – $966.7K
NOI $58,004 @ 7.0% cap · market cap 7.30%
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
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Retail showroom plus five roll-up bays in a 4,950± SF building within an automotive complex.
Where is this flex space 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: 4,950± SF stand‑alone retail/warehouse or automotive building within an automotive complex in Fresno, CA; Retail showroom with five bays, each featuring a roll‑up door fronting the property; Located in an automotive complex fronting Blackstone Avenue in Fresno
