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

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in a vibrant Fresno County strip center, anchored by a high-volume Food Maxx grocery store. The available space totals 3,372 square feet and boasts a prime hard corner pad location, ensuring maximum visibility and accessibility. The property benefits from its strategic position just half a mile from the busiest intersection in Fresno – Blackstone and Shaw Avenues – guaranteeing high foot traffic and significant exposure. Pylon signage is available, further enhancing the marketing potential for prospective tenants. The center enjoys a central location between Shaw and Herndon Avenues, providing convenient access for customers. This property offers a strong tenant mix, including established national and regional co-tenants such as Pet Supplies Plus and Big 5, alongside other successful businesses at the intersection, including Guitar Center, GW School Supply, Auto Zone, Tuesday Morning, and Dollar Tree. This location provides a proven track record of success and a thriving retail environment, making it an ideal space for businesses seeking high visibility and a strong customer base. The property's proximity to major thoroughfares and established businesses ensures a consistent flow of potential customers.

    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
    36.8157

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      10,904 SF

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      50,870 SF

      6214 Blackstone Ave

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      Nwc Blackstone & Sierra

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      Bullard & 1 St

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      0 Bullard & 1 St, Fresno, CA 93710
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    • Value Estimation
      $1,170,000
      58,843 SF

      719 Barstow Ave

      SHOPPING CENTER, STRIP CENTER
      719 Barstow Ave, Fresno, CA 93710-6205
      View Details

    Similar Nearby for Sale

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      5,779 SF

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      4,950 SF

      Blackstone Avenue Retail/Warehouse Building

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      Retail Space For Sale/Lease

      Retail space available for sale or lease in Fresno.
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      10,780 SF

      Retail Space on Shaw Avenue

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    Similar Nearby for Lease

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      Retail Space Available For Lease

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      Commercial Space Available For Lease

      Commercial space available for lease at 6770 N Blackstone Ave.
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      Prime Retail Space on Blackstone

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      3,192 SF

      Retail Space Near Fashion Fair

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      1029-1077 E Shaw Ave, Fresno, CA 93710
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      1,260 SF

      Retail Space in Herndon Village

      Retail space available in Fresno near Freeway 41.
      6735 N 1St St, 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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    Nec Blackstone And Barstow Ave, Fresno, CA, 93710
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