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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Motels
3844 Blackstone Ave, Fresno, CA 93726-3801
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-2779940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
TILT-UP CONCRETE
Total area
20,378 SF
Lot
0.84 ac (36,590 SF)
Zoning code
RMX
APN
436-260-10
UPID
US09-2779940
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
-
Regency Inn Hotel & Motel
-
Manchester Motel Hotel & Motel
-
La Enchilada Mexican Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Bhupendrakumar R Sharma · 10 yrs held
Bhupendrakumar R Sharma
since 2015
7 recorded transactions
Zoning & alternative use
RMX · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,605,000
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10%
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
$66 / 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
$15,859
Tax year 2023
Assessed value
$1,237,625
Assessed 2023
Previous assessed
$1,237,625
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$455,130
Assessed improvement
$782,495
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
53
Total area
20,378 SF
Lot
0.84 ac (36,590 SF)
Zoning code
RMX
APN
436-260-10
UPID
US09-2779940
Jurisdiction
FRESNO
Zoning & alternative use
RMX · Fresno, CA
Zoning RMX · permitted uses
RMX · 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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
53
Lot
0.84 ac
Current owner
From public records · entity-resolved
Bhupendrakumar R Sharma
Individual
Mailing address
3844 N BLACKSTONE AVE, FRESNO, CA 93726-3801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
—
Bhupendrakumar R Sharma
—
Deed
related
$588,000 · State Bank Of India (california)
Aug 19, 2015
$1,000,000
Bhupendrakumar R Sharma
Patel,kantilal B & Indiraben K
Grant Deed
$611,500 · Kantilal B & Indiraben K Patel
Jul 31, 2015
—
Kantilal B Patel
Manchester Motel LLC
Grant Deed
—
Jul 15, 2011
—
Manchester Motel LLC
Patel,kantilal B & Indiraben K
Grant Deed
—
Mar 2, 2004
—
Shantilal N Desai
Desai,laxmiben N
Quit Claim Deed
related
—
Dec 21, 1998
$205,000
Kantilal B Patel
Hong,chun S & Hilda
Trustees Deed
—
Jul 15, 1997
$47,000
Patel,daksha
Desai,shantilal R & Sushila S
Trustees Deed
$20,000 · Seller
Jul 15, 1997
—
Daksha Patel
Patel,dinu
Quit Claim Deed
related
—
Mar 17, 1995
—
Shantilal R Desai
Desai,mangabhai N & Shardaben M
Quit Claim Deed
related
—
Mar 27, 1990
$100,000
Bipinchand Patel
Patco,inv
Grant Deed
related
—
—
—
Patco Investments INC
—
Deed Of Trust
related
$5,000 · Individual
—
—
Patco Investments INC
—
Deed Of Trust
related
$37,343 · Individual
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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