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    Property profile & analytics

    1461 N Blackstone Ave Fresno, CA 93703

    • Retail space
    • 4,560 SF
    • 0.43 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1610711
    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

    • First Class Locksmith / Locksmith

    Property Details for 1461 N Blackstone Ave

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    0.43 lot acres
    Property size
    4,560 SF
    Zone code
    NMX
    Property type
    Retail space
    APN
    451-134-16
    APU
    45113416

    Description

    This exceptional 4,560-square-foot freestanding flex space is ideally situated on Fresno's bustling Blackstone Avenue corridor. Boasting a prominent location amongst established businesses like Mission Auto Sales, O'Reilly Auto Parts, and West Coast Wheels & Tires, this property offers unparalleled visibility and accessibility. The building, constructed in 1956, sits on a sizable 18,730-square-foot lot, fully fenced for enhanced security and privacy. The entire 4,560 square feet is currently vacant and ready for immediate occupancy. The property's Neighborhood Mixed Use zoning allows for a variety of retail or automotive uses, providing flexibility for diverse business needs. This single-tenant building presents a unique opportunity to establish a strong presence in a high-traffic area with excellent neighboring businesses. The property's location ensures high visibility and easy access for customers and employees alike. The ample lot size offers potential for expansion or additional parking. The APN is 451-134-16. This is a rare opportunity to acquire a well-located, versatile property in a thriving Fresno commercial district. The property is zoned for Neighborhood Mixed Use, offering flexibility for a range of businesses. Don't miss this chance to secure a prime location on Blackstone Avenue.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.791
    Latitude
    36.7626
    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
    $5,168
    $110,000
    $280,000
    $390,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,140 SF

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      1215 Blackstone Ave, Fresno, CA 93703-3605
      View Details
    • Value Estimation
      $2,120,000
      21,360 SF

      3021 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,360 SF
      3021 Cedar Ave, Fresno, CA 93703-1530
      View Details
    • Value Estimation by Request
      1,200 SF

      1289 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1289 1st St, Fresno, CA 93703-4081
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    • Value Estimation by Request
      375 SF

      1357 1st St

      RETAIL STORES (PERSONAL SERVICES) • 375 SF
      1357 1st St, Fresno, CA 93703-4071
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    • Value Estimation by Request
      4,925 SF

      2303 Chestnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,925 SF
      2303 Chestnut Ave, Fresno, CA 93703-4801
      View Details
    • Value Estimation
      $825,000
      24,196 SF

      2424 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 24,196 SF
      2424 Cedar Ave, Fresno, CA 93703-2014
      View Details

    Similar Nearby for Sale

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      Blackstone Avenue Investment Opportunity

      Freestanding, fully leased building with upside potential.
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    Similar Nearby for Lease

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      1,100 SF

      Retail Space in Blackstone Corridor

      Retail space available in the Blackstone corridor with strong visibility.
      1564-1574 N Blackstone Ave, Fresno, CA 93703
      View Details
    • $2,000 /Mo
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      Retail and Flex Spaces Available

      Retail and flex spaces for rent with high visibility.
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    • $0.70 SF/Yr
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      Retail Space on McKinley Avenue

      Open retail space near Blackstone Avenue and Freeway 41.
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      Prime Retail Space in Fresno

      Retail space available at a high-traffic Fresno intersection.
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    • $1,750 /Mo
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      Retail & Flex Spaces Available

      Retail and flex spaces for rent with high visibility.
      1355 N Blackstone Ave, Fresno, CA 93703
      View Details
    • $0.95 SF/Yr
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      Retail Space in Cedar Village

      Retail spaces available in high-traffic Fresno location.
      4122-4160 E Clinton Ave, Fresno, CA 93703
      View Details
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    Fresno, CA 93703
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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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