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Property profile & analytics
FOR LEASE
Medical Office Space
2632 N Blackstone Ave Fresno, CA 93703
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-0206102
For Lease
1 / 23
$15 SF/Yr
2632 N Blackstone Ave, Fresno, CA 93703
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Property summary
AI-generated overview
This exceptional Fresno, CA office property at 2632 N Blackstone Ave offers 5,200 square feet of renovated Class A space, ideal for various professional uses. The single-story building features multiple suites ranging from 1,012 to 2,024 contiguous square feet, with 2,024 square feet currently vacant. Recent renovations (2024) include new hard-surface flooring, crown molding, HVAC systems, energy-efficient features, LED lighting, fresh paint, secure metal doors, and updated restrooms. The property boasts 41 parking spaces, including both front and rear lots, plus street parking. Located on the Blackstone Ave retail corridor, this high-traffic location offers excellent visibility and accessibility. Amenities include a 25-foot pylon sign, private entrances, and rear storage rooms. The 0.41-acre lot is zoned NMX-Commercial (APN 445-183-19). Each suite has its own unique address. This property is perfect for businesses seeking modern, well-maintained office space with ample parking and high visibility in a prime Fresno location. The property is easily accessible from Shields and Blackstone Avenues.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1957
Construction
WOOD
Total area
5,200 SF
Lot
0.41 ac (17,859 SF)
Zoning code
NMX
APN
445-183-19
UPID
US09-0206102
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ABC Maintennace Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$515k
Owner & transaction history
Ennis Holdings LLC · 5 yrs held
Ennis Holdings LLC
since 2020
Last sale
$440,000
5 recorded transactions
Zoning & alternative use
NMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $440k (Oct 27 2020)
Last sale anchor
$440k
Oct 27 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,422
Tax year 2023
Assessed value
$416,159
Assessed 2023
Previous assessed
$416,159
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$112,363
Assessed improvement
$303,796
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,200 SF
Lot
0.41 ac (17,859 SF)
Zoning code
NMX
APN
445-183-19
UPID
US09-0206102
Jurisdiction
FRESNO
Zoning & alternative use
NMX · Fresno, CA
Zoning NMX · permitted uses
NMX · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Ennis Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
12353 N FRIANT RD, FRESNO, CA 93730-9702
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2020
$440,000
Ennis Holdings LLC
Benito B Julian
Grant Deed
—
Sep 19, 2006
$500,000
Benito B Julian
T Albert A Aw
Grant Deed
$400,000 · Lehman Brothers Bank Fsb
May 7, 2002
$365,000
T A Aw
Pack Trust
Grant Deed
$473,400 · Temecula Valley Bank NA
Oct 18, 1978
$185,000
Judy E Pack
—
Grant Deed
related
—
—
—
Judy E Pack
—
Deed Of Trust
related
$50,000 · Union Bank Of California
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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