Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    850 Blackstone Ave Fresno, CA 93701

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    850 Blackstone Ave Fresno, CA 93701

    View on Map
    • Office properties & Spaces
    • 9,120 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parent University / Training Center / Tutoring Service

    Property Details for 850 Blackstone Ave

    Year built
    1957
    Property size
    9,120 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional 9,120-square-foot creative office space at 850 North Blackstone Avenue in Fresno County presents a unique investment opportunity. Built in 1957, this single-story building offers a single-tenant occupancy, providing stability and ease of management. The property boasts ample parking with 44 spaces, conveniently located in a large lot. Enhancements include prominent street signage, a beautiful courtyard, adding to the property's appeal and functionality. Priced at $1,637,000 ($179 per square foot), this property offers significant potential. Its strategic location offers easy access to Freeway 180, placing it just a block away from a major transportation artery. Furthermore, its proximity to Downtown Fresno and the Community Medical Center provides excellent visibility and accessibility for businesses seeking a central location. The property's Net Net Net (NNN) lease rate is $1.09 per square foot. This well-maintained building presents a compelling opportunity for owner-occupancy or investment. The combination of its desirable features, prime location, and competitive pricing makes this a truly remarkable offering in the Fresno market.

    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
    -119.79
    Latitude
    36.7545

    Comparable in this City

    • Value Estimation by Request
      9,120 SF

      850 Blackstone Ave

      Office Units • 9,120 SF
      850 Blackstone Ave, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      4,050 SF

      1031 Belmont Ave

      Office Units • 4,050 SF
      1031 Belmont Ave, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      5,896 SF

      319 Van Ness Ave

      Neighborhood centers • 5,896 SF
      319 Van Ness Ave, Fresno, CA 93701
      View Details
    • Value Estimation by Request
      2,400 SF

      452 Blackstone Ave

      Office properties & Spaces • 2,400 SF
      452 Blackstone Ave, Fresno, CA 93701
      View Details
    • Value Estimation
      $2,830,000
      13,081 SF

      1110 Blackstone Ave

      MEDICAL BUILDING • 13,081 SF
      1110 Blackstone Ave, Fresno, CA 93701-1016
      View Details
    • Value Estimation
      $1,320,000
      7,590 SF

      285 Fresno St

      MEDICAL BUILDING • 7,590 SF
      285 Fresno St, Fresno, CA 93701-2304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,480 SF

      Central Fresno Retail/Office Building

      3,480 SF building with retail and office spaces for sale.
      444 N Blackstone Ave, Fresno, CA 93701
      View Details
    • $790,000
      5,896 SF

      Versatile Office Investment Opportunity

      Freestanding office building with value-add potential in Fresno, CA.
      319 N Van Ness Ave, Fresno, CA 93701
      View Details
    • Contact for pricing
      2,520 SF

      Freeway Access Office Building

      Block construction office building with freeway access and ample parking.
      825 N Abby St, Fresno, CA 93701
      View Details
    • $529,900
      3,480 SF

      Retail Space on Blackstone Avenue

      Retail space with Blackstone Avenue exposure and ample parking.
      442-450 N Blackstone Ave, Fresno, CA 93701
      View Details
    • $289,900

      Blackstone Avenue Office Investment Opportunity

      Office building with five separate spaces, ideal for investors.
      452 N Blackstone Ave, Fresno, CA 93701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,345 SF

      Professional Office Space For Rent

      Office space in major medical corridor near hospitals.
      N Fresno St, Fresno, CA 93701
      View Details
    • Contact for pricing
      3,378 SF

      Move-in-Ready Medical Office Space

      Class A medical office space with high-end finishes.
      311 N Abby St, Fresno, CA 93701
      View Details
    • Contact for pricing
      24,618 SF

      Industrial Warehouse Space For Lease

      Industrial warehouse space available for lease, totaling 24,618 square feet.
      165 Broadway St, Fresno, CA 93701
      View Details
    • $0.50 SF/Yr
      11,250 SF

      Industrial Space with Flexible Zoning

      Industrial space available for rent with flexible zoning and freeway access.
      245 Broadway St, Fresno, CA 93701
      View Details
    • Contact for pricing

      Freestanding Warehouse on Olive Avenue

      Freestanding warehouse space with high visibility and secure gated access.
      1907 E Olive Ave, Fresno, CA 93701
      View Details
    • Contact for pricing
      950 SF

      Downtown Fresno Retail Space Available

      Retail space in downtown Fresno with high visibility and parking.
      365 N Fresno St, Fresno, CA 93701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    850 Blackstone Ave
    Fresno, CA 93701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!