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Property profile & analytics
OFF-MARKET
Estimated value
$4,440,000
Motels
3876 Blackstone Ave, Fresno, CA 93726-3801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3026880
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
WOOD
Total area
13,760 SF
Lot
0.91 ac (39,639 SF)
Zoning code
RMX
APN
436-260-22
UPID
US09-3026880
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
-
Travelodge by Wyndham Fresno Yosemite Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$4.44M
Owner & transaction history
City Of Fresno · 2 yrs held
City Of Fresno
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
RMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+80.9%
Restaurant
$3.2M
+22.5%
Medical building
$2.8M
+4.7%
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
$4,455,000
ML approach
$4,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,780,000
Change: +81% · Conversion: Difficult
RESTAURANT
$3,235,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$2,765,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±10% · vs last sale $4.40M (Sep 29 2023)
Last sale anchor
$4.40M
Sep 29 2023
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
$323 / 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
$18,162
Tax year 2023
Assessed value
$1,419,399
Assessed 2023
Previous assessed
$1,419,399
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$398,237
Assessed improvement
$1,021,162
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
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
45
Total area
13,760 SF
Lot
0.91 ac (39,639 SF)
Zoning code
RMX
APN
436-260-22
UPID
US09-3026880
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Units
45
Lot
0.91 ac
Current owner
From public records · entity-resolved
City Of Fresno
Entity
Mailing address
2600 N FRESNO ST, FRESNO, CA 93703-1833
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
$4,400,000
City Of Fresno
Prabhatbhai T Patel
Grant Deed
—
Sep 20, 2019
—
Prabhatbhai T Patel
Prabhatbhai T Patel
Quit Claim Deed
related
—
Jun 16, 2016
$1,003,500
Prabhatbhai T Patel
Shahrukh Dadabhoy
Grant Deed
$250,000 · Fresno Cdfi
Nov 29, 2004
—
Dadabhoy Shahrukh Trust
Dadabhoy,shahrukh
Quit Claim Deed
related
—
Dec 4, 2003
$1,200,000
Shahrukh Dadabhoy
Pandit,jitendra
Grant Deed
$960,000 · Jitendra Pandit
Jul 15, 2003
—
Jitendra Pandit
Opandit,nila
Quit Claim Deed
related
—
Jul 15, 2003
$180,500
Jitendra Pandit
Khatri,vijay & Bhagvati
Grant Deed
related
—
Jul 10, 1998
$1,196,000
Travelodge
Olive Investment Group
Grant Deed
—
Feb 10, 1998
—
Olive Investment Group
Hotel Syndications INC
Grant Deed
related
—
Sep 11, 1997
$370,891
Hotel Syndications INC
Victory Enterprises Corp
Trustees Deed
—
Sep 30, 1994
$950,000
J C P Hotel Investments INC
Desai,mukesh
Trustees Deed
$850,000 · Seller
Sep 30, 1994
—
Mukesh Desai
Desai,panna
Quit Claim Deed
related
—
—
—
Shahrukh Dadabhoy
—
Deed Of Trust
related
$60,000 · Jitendra S Pandit
—
—
Shahrukh Dadabhoy
—
Deed Of Trust
related
$940,000 · Comerica Bank
—
—
Prabhatbhai T Patel
—
Deed Of Trust
related
$1,462,000 · State Bk/india
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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