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    6640 Blackstone Ave Fresno, CA 93710
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    6640 Blackstone Ave, Fresno, CA 93710

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    • Neighborhood centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Imperial Garden Restaurant / Restaurant
    • Shobu Japanese Cuisine / Restaurant
    • Furniture For You / Furniture & Home Goods / Home Decor Store
    • Kaleidoscope Smoke Shop / (Bike/Boat/Book/etc) Store
    • Mattress Land SleepFIT / Furniture & Home Goods

    Property Details for 6640 Blackstone Ave

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    California Plaza Shopping Center, located at 6640 N. Blackstone Ave, Fresno, CA 93710, presents a unique investment opportunity in a prime retail location. This multi-tenant strip center and storefront retail/office space offers four available units ranging from 1,440 to 4,824 square feet. Situated on the southeast corner of Blackstone and Magill Avenues, the property benefits from exceptional visibility and high traffic counts. Its strategic location, just 500 feet from the intersection of Blackstone and Herndon Avenues, ensures maximum exposure to the substantial daily traffic flow exceeding 132,100 vehicles, based on 2017 counts. This makes it an ideal location for a variety of retail and restaurant businesses seeking high visibility and accessibility. The property is located in Fresno County, California, and offers flexible space options to accommodate diverse business needs. The minimum divisible space is 1,440 square feet, while the maximum contiguous space available is 4,824 square feet. This presents a compelling opportunity for businesses seeking a prominent location in a high-traffic area of Fresno. The property's excellent location and high traffic volume make it an attractive investment for businesses seeking to establish or expand their presence in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.79
    Latitude
    36.8349

    Comparable in this City

    • Value Estimation by Request

      Nwc Blackstone & Sierra

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      0 Nwc Blackstone & Sierra, Fresno, CA 93710
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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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    Similar Nearby for Lease

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      Retail property available for lease on N Blackstone Ave.
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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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    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.

    More about this property
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    6640 Blackstone Ave, Fresno, CA, 93710
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