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    Nwc Blackstone & Sierra Fresno, CA 93710
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    Nwc Blackstone & Sierra, Fresno, CA 93710

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    • Neighborhood centers
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    Cap Rate Potential
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    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Nwc Blackstone & Sierra

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Sierra View Plaza Shopping Center in Fresno, CA, presents a prime retail investment opportunity. This strip center boasts a highly visible location at the Northwest corner of Blackstone and Sierra Avenues, a major north/south retail corridor in Fresno. The property offers multiple vacant spaces, with a minimum divisible space of 1,465 square feet and a maximum contiguous space of 4,690 square feet. A total of 13,030 square feet is currently available for lease. This vibrant shopping center benefits from strong co-tenancy with established national and regional brands, including Hobby Lobby, O'Reilly Auto Parts, Dollar General, and Goodwill. Adding to the center's appeal are popular dining options such as El Pollo Loco and Chubby's Diner, drawing significant foot traffic. Located in Fresno County, CA, with a zip code of 93710, this property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's strategic location within a busy retail corridor ensures high consumer traffic and strong potential for business growth. This is an exceptional opportunity to secure a prominent retail space in a thriving Fresno commercial area. The property is classified as a retail strip center with multiple tenancies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.791
    Latitude
    36.8319

    Comparable in this City

    • Value Estimation by Request

      6640 Blackstone Ave

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      10,904 SF

      330 Bullard Ave

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      330 Bullard Ave, Fresno, CA 93710
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      50,870 SF

      6214 Blackstone Ave

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      6214 Blackstone Ave, Fresno, CA 93710
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      Nec Blackstone And Barstow Ave

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      0 Nec Blackstone And Barstow Ave, Fresno, CA 93710
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    • Value Estimation by Request

      Bullard & 1 St

      Lifestyle centers
      0 Bullard & 1 St, Fresno, CA 93710
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    • Value Estimation
      $1,410,000
      70,614 SF

      6735 1st St Ste, Unit 103

      SHOPPING CENTER, STRIP CENTER
      6735 1st St Ste, Fresno, CA 93710-3948
      View Details

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      38,090 SF

      Hoover Marketplace Shopping Center

      Well-maintained shopping center with value-add potential and strong occupancy.
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      10,780 SF

      Retail Space on Shaw Avenue

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      Blackstone Avenue Retail/Warehouse Building

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      Retail Space For Sale/Lease

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      23,594 SF

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    Similar Nearby for Lease

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      22,400 SF

      Retail Space Available For Lease

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      24,240 SF

      Retail Space on Blackstone Avenue

      Retail property available for lease on N Blackstone Ave.
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      5,456 SF

      Retail Space in Fresno, CA

      Retail property with 4,086 square feet available for lease.
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      Turn Key Restaurant Opportunity

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      Prime Retail Space on Blackstone

      Anchor shopping center space in Fresno's retail corridor.
      5630 N Blackstone Ave, Fresno, CA 93710
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      3,348 SF

      Retail Space in High-Traffic Area

      Retail and restaurant spaces available near major shopping and traffic.
      6650 N Blackstone Ave, Fresno, CA 93710
      View Details
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    Nwc Blackstone & Sierra
    Fresno, CA 93710
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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.

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