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Property profile & analytics
OFF-MARKET
Estimated value
$10,460,000
Motels
4061 Blackstone Ave, Fresno, CA 93726-3806
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-1930142
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
WOOD
Total area
47,907 SF
Lot
2.7 ac (117,612 SF)
Zoning code
RMX
APN
434-143-06
UPID
US09-1930142
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
-
Knights Inn Fresno Hotel & Motel
-
Bawse Solutions Hair Salon Hair Salon
-
Rodeway Inn Fresno near Yosemite Hotel & Motel
-
Hope Pointe Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$10.46M
Owner & transaction history
City Of Fresno · 3 yrs held
City Of Fresno
since 2023
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
RMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.6M
+80.9%
Restaurant
$11.3M
+22.5%
Medical building
$9.6M
+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
$11,950,000
ML approach
$9,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,195,000
Current use
COMMERCIAL (GENERAL)
$16,640,000
Change: +81% · Conversion: Difficult
RESTAURANT
$11,265,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$9,630,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$7,615,000
Change: -17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,385,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.46M
Range $9.41M – $11.51M · ±10% · vs last sale $11.80M (May 15 2023)
Last sale anchor
$11.80M
May 15 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
$218 / 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
$46,071
Tax year 2023
Assessed value
$3,594,227
Assessed 2023
Previous assessed
$3,594,227
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,103,736
Assessed improvement
$2,490,491
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
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
118
Total area
47,907 SF
Lot
2.7 ac (117,612 SF)
Zoning code
RMX
APN
434-143-06
UPID
US09-1930142
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
HOTEL/MOTEL Current
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$16.6M
RESTAURANT
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$9.6M
OFFICE BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
118
Lot
2.7 ac
Current owner
From public records · entity-resolved
City Of Fresno
Entity
Free & Clear · 3 yrs held
Mailing address
2600 FRESNO ST, FRESNO, CA 93721-3620
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$11,800,000
City Of Fresno
Kush Hospitality INC
Grant Deed
—
Aug 15, 2019
$3,850,000
Kush Hospitality INC
Ar Hotel Group LLC
Grant Deed
$3,360,000 · State Bank Of India (california)
Jan 10, 2018
—
Ar Hotel Group LLC
Chu,linger & Alex B
Quit Claim Deed
—
Jan 13, 2017
$1,435,500
Linger Chu
Kanti-shanta Of Fresno Ca INC
Grant Deed
—
Jan 13, 2017
—
Linger Chu
Chu,frank H H
Quit Claim Deed
related
—
Jun 1, 2015
$1,450,000
Kanti-shanta Of Fresno Ca INC
Patel Vishnu P
Grant Deed
$2,730,000 · Vishnu P Patel
May 29, 2015
—
Vishnu P Patel
Patel Kusum V
Affidavit Of Death
related
—
Jan 30, 2008
—
Vishnu P Patel
Vdp Investment INC
Grant Deed
—
Sep 5, 2003
$353,000
Vdp Investment INC
Galaxy Investment Corp
Grant Deed
—
Jun 30, 1994
$1,210,000
Galaxy Investment Corp
Real Estate Coll
Grant Deed
—
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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