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

    2816 Blackstone Ave Fresno, CA 93703-1000

    • Medical offices
    • 3,327 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3303631
    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

    • Seguros De Auto / Insurance Agency
    • Gods & Monsters Tattoo / Tattoo Shop
    • Ruby Relax Spa / Spa / Aromatherapy Service
    • A.M.I.A Insurance / Insurance Agency
    • Freitas Reuben DDS / Dentist

    Property Details for 2816 Blackstone Ave

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    3,327 SF
    Zone code
    RS5
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    445-103-23
    APU
    44510323

    Description

    This exceptional commercial building, located at 2816 N Blackstone Ave in Fresno, California, presents a lucrative investment opportunity. The property boasts a total of approximately 3,430 square feet of net rentable space within a larger building footprint situated on approximately 11,761 square feet of land. The asking price is $535,000, translating to approximately $156 per square foot. Key features include a fenced covered courtyard, ample parking, and an outdoor patio, enhancing both functionality and aesthetic appeal. The property's central location offers convenient access to Fresno City College, Freeway 41, and the Manchester Center, ensuring high visibility and accessibility. The property's estimated cap rate is approximately 6.45%. The Assessor's Parcel Number (APN) is 445-103-23. This property is ideal for a variety of commercial uses and represents a strong investment opportunity in a thriving Fresno location. The building's size and features make it suitable for a range of businesses seeking a well-maintained and conveniently located space. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $409,000
      Market price range: $409k - $983k
      AI Estimate
      $174,000
      Market price range: $174k - $479k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.79
    Latitude
    36.7762
    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
    $2,920
    $122,329
    $96,574
    $218,903
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      2,915 SF

      2100 Clinton Ave

      MEDICAL BUILDING • 2,915 SF
      2100 Clinton Ave, Fresno, CA 93703
      View Details
    • Value Estimation
      $485,000
      16,954 SF

      2948 Fresno St

      MEDICAL BUILDING • 16,954 SF
      2948 Fresno St, Fresno, CA 93703-1123
      View Details
    • Value Estimation
      $300,000
      2,400 SF

      2215 Fresno St

      MEDICAL BUILDING • 2,400 SF
      2215 Fresno St, Fresno, CA 93703-2236
      View Details
    • Value Estimation
      $1,335,000
      6,480 SF

      3030 Fresno St Ste, Unit 101

      MEDICAL BUILDING • 6,480 SF
      3030 Fresno St Ste, Fresno, CA 93703-1100
      View Details
    • Value Estimation
      $245,000
      3,888 SF

      1707 Fresno St

      MEDICAL BUILDING • 3,888 SF
      1707 Fresno St, Fresno, CA 93703-3031
      View Details
    • Value Estimation
      $325,000
      2,016 SF

      1359 Fresno St

      MEDICAL BUILDING • 2,016 SF
      1359 Fresno St, Fresno, CA 93703-3837
      View Details

    Similar Nearby for Sale

    • $399,000
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      Medical Office Space Available

      Move-in ready medical office near VA Hospital in Fresno.
      2611 N Fresno St, Fresno, CA 93703
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    • $379,000
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      Fresno Office Building - Great Investment

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    • $790,000
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      Fresno Retail Investment Opportunity

      High-yield, 100% leased retail building
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      Blackstone Avenue Investment Opportunity

      Freestanding, fully leased building with upside potential.
      2801-2819 N Blackstone Ave, Fresno, CA 93703
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    • $695,000
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      Fresno Office Building - Blackstone Ave

      Prime Office Space, High Visibility, Ample Parking
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    • $475,000

      Commercial Land on Blackstone Avenue

      Commercial land available for sale on Blackstone Avenue.
      1448 N Blackstone Ave, Fresno, CA 93703
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      8,579 SF

      Fresno Medical Office Space Available

      Prime Fresno location, 8,579 SF medical office.
      1300 Fresno St, Fresno, CA 93703
      View Details
    • $1.20 SF/Yr
      2,800 SF

      Move-in Ready Medical Office Space

      First-class medical office spaces available for rent.
      4928-4944 E Clinton Ave, Fresno, CA 93703
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    • $1.50 SF/Yr
      1,295 SF

      Medical Office Space Available

      Medical office space featuring multiple exam rooms for rent.
      2918-2948 Fresno St, Fresno, CA 93703
      View Details
    • $1.00 SF/Yr
      2,540 SF

      Garden Style Office Space

      Gated office complex with medical and general office tenants.
      2948 N Fresno St, Fresno, CA 93703
      View Details
    • $1,200 /Mo
      1,135 SF

      Visible Office/Retail Building For Rent

      Office/retail space with kitchen, restrooms, and shower; freeway access.
      1237-1241 N Blackstone Ave, Fresno, CA 93703
      View Details
    • $31,240
      81,400 SF

      Versatile Industrial Complex in Fresno

      Multiple buildings with office, warehouse, and industrial spaces for lease.
      2660 S Dearing Ave, Fresno, CA 93703
      View Details
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    Fresno, CA 93703-1000
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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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