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Property profile & analytics
OFF-MARKET
Turn key restaurants
3004 Blackstone Ave Fresno, CA 93703-1016
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-5600965
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Construction
WOOD
Total area
2,858 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IVMX
APN
445-031-36
UPID
US09-5600965
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
-
Popeyes Louisiana Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3004 Blackstone LLC · 9 yrs held
3004 Blackstone LLC
since 2017
6 recorded transactions
Zoning & alternative use
IVMX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,983
Tax year 2023
Assessed value
$1,486,261
Assessed 2023
Previous assessed
$1,486,261
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$501,981
Assessed improvement
$984,280
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,858 SF
Lot
0.55 ac (23,958 SF)
Zoning code
IVMX
APN
445-031-36
UPID
US09-5600965
Jurisdiction
FRESNO
Zoning & alternative use
IVMX · Fresno, CA
Zoning IVMX · permitted uses
IVMX · 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
2017
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
3004 Blackstone LLC
Entity
Mailing address
1200 ANDERSON DR, SUISUN CITY, CA 94585-3766
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
—
Pinnacle Foods Of California L
—
Deed
related
$2,600,000 · Byline Bk
Jan 6, 2017
$450,000
3004 Blackstone LLC
Frank J Policarpo
Grant Deed
$20,250,000 · Citizens Bank NA
Jan 6, 2017
—
Frank J Policarpo
Policarpo,jimmie
Affidavit Of Death
related
—
Sep 29, 2009
—
Policarpo,jimmie Trust
Policarpo J & L Trust
Quit Claim Deed
related
—
Jul 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Pinnacle Foods Of California L
—
Deed Of Trust
related
$2,600,000 · Byline Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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