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    Property profile & analytics

    6090 Blackstone Ave Fresno, CA 93710-5008

    • Motels
    • 19,716 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2021
    $6,200,000
    Value Estimations
    $5,945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5416051
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Days Inn by Wyndham Yosemite Area / Hotel / Inn

    Property Details for 6090 Blackstone Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Property size
    19,716 SF
    Zone code
    C6
    Property type
    Motels
    APN
    409-191-25
    APU
    40919125

    Description

    This exceptional 58-key Days Inn by Wyndham, located in Fresno, California, presents a lucrative investment opportunity. The property boasts 19,000 square feet across two stories, featuring exterior corridors and recently completed (2023) extensive renovations encompassing guest rooms, bathrooms, and public areas. Situated on a 0.66-acre lot (APN 409-191-25) zoned C6, this hotel enjoys a prime location near Highway 41, offering convenient access to Fresno Yosemite International Airport (FAT), California State University - Fresno, and major medical centers. The 1963-built hotel generated a 2023 Gross Room Revenue of $1,521,252, including group contracts, and a Net Operating Income (NOI) of $640,870. Its proximity to Yosemite and Sequoia National Parks further enhances its appeal. The asking price is $7,495,000, translating to $394.47 per square foot and $129,224.14 per key. This turnkey operation is ideal for owner-users seeking a high-return hospitality investment in a thriving California market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,990,000
      ML approach
      $6,345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,896,000
      Market price range: $1.67M - $4.90M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.79
    Latitude
    36.8245
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,324
    $663,000
    $3,244,500
    $3,907,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $810,000
      34,200 SF

      2655 Shaw Ave

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      2655 Shaw Ave, Fresno, CA 93710-8228
      View Details
    • Value Estimation
      $665,000
      29,992 SF

      480 Shaw Ave

      MOTEL • 29,992 SF
      480 Shaw Ave, Fresno, CA 93710-7602
      View Details
    • Value Estimation by Request
      87,767 SF

      6820 Fresno St

      MOTEL • 87,767 SF
      6820 Fresno St, Fresno, CA 93710-3738
      View Details
    • Value Estimation
      $655,000
      20,640 SF

      6051 Thesta St

      MOTEL • 20,640 SF
      6051 Thesta St, Fresno, CA 93710-5287
      View Details
    • Value Estimation
      $495,000
      19,716 SF

      6090 Blackstone Ave

      MOTEL • 19,716 SF
      6090 Blackstone Ave, Fresno, CA 93710-5008
      View Details
    • Value Estimation
      $530,000
      11,880 SF

      6730 Blackstone Ave

      HOTEL/MOTEL • 11,880 SF
      6730 Blackstone Ave, Fresno, CA 93710-3506
      View Details

    Similar Nearby for Sale

    • $7,495,000
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      Days Inn Fresno: Prime Investment

      58-room hotel, extensively renovated, high NOI.
      6090 N Blackstone Ave, Fresno, CA 93710
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    • $325,170
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      High-traffic corner location near major retailers in Fresno, California.
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    • $2,874,960
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      Highway 41 Fresno Multi-Family Land

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    Similar Nearby for Lease

    • $21 SF/Yr
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      Fresno Airport Retail Space

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    • $14 SF/Yr
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      Fresno Industrial Space For Lease

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    • $1.75 SF/Yr
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      Retail Space on Blackstone Avenue

      Retail space available for lease on N Blackstone Ave.
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      View Details
    • Contact for pricing
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      Retail Space on Blackstone Avenue

      1,500 SF retail space with high visibility and traffic.
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      View Details
    • $1.55 SF/Yr
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      Fresno Office Space Available

      Office space available for rent in Fresno, CA.
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      View Details
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    Fresno, CA 93710-5008
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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