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Property profile & analytics
OFF-MARKET
Estimated value
$8,575,000
Motels
4080 Blackstone Ave, Fresno, CA 93726-3805
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2505625
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1977
Construction
WOOD
Total area
34,656 SF
Lot
2 ac (87,120 SF)
Zoning code
RMX
APN
436-100-18
UPID
US09-2505625
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
-
Motel 6 Fresno, CA - Blackstone South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$8.58M
Owner & transaction history
Prabhatbhai T Patel · 2 yrs held
Prabhatbhai T Patel
since 2023
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
RMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.0M
+80.9%
Restaurant
$8.2M
+22.5%
Medical building
$7.0M
+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
$8,605,000
ML approach
$8,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,655,000
Current use
COMMERCIAL (GENERAL)
$12,040,000
Change: +81% · Conversion: Difficult
RESTAURANT
$8,150,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$6,965,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$5,510,000
Change: -17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,345,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.58M
Range $7.72M – $9.43M · ±10% · vs last sale $8.50M (Nov 16 2023)
Last sale anchor
$8.50M
Nov 16 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
$247 / 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
$49,631
Tax year 2023
Assessed value
$3,888,804
Assessed 2023
Previous assessed
$3,888,804
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$914,524
Assessed improvement
$2,974,280
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Stories
2
Units
140
Total area
34,656 SF
Lot
2 ac (87,120 SF)
Zoning code
RMX
APN
436-100-18
UPID
US09-2505625
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
$6.7M
COMMERCIAL (GENERAL)
Est. value
$12.0M
RESTAURANT
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
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
1977
Construction
WOOD
Heating
NONE
Stories
2
Units
140
Lot
2 ac
Current owner
From public records · entity-resolved
Prabhatbhai T Patel
Individual
Mailing address
2471 W JENNIFER AVE #11, FRESNO, CA 93722
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$8,500,000
Prabhatbhai T Patel
Jsr Hospitality LLC
Grant Deed
$5,490,000 · State Bank Of India (california)
Mar 15, 2022
—
Jsr Hospitality LLC
—
Deed
related
$6,800,000 · United Security Bank
Nov 1, 2019
$4,224,000
Jsr Hospitality LLC
G6 Hospitality Property LLC
Grant Deed
$3,379,000 · United Security Bank
Sep 15, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,010,000,000 · Jp Morgan Chase Bk
Aug 10, 2017
—
G6 Hospitality Property LLC
—
Trustees Deed
related
$2,010,000,000 · Deutsche Bk Ag/ny Branch
Sep 6, 2012
$22,000
G6 Hospitality Property LLC
Gj Remainder LLC
Grant Deed
—
Sep 6, 2012
$3,906,000
G6 Hospitality Property LLC
Glasjar Property LLC
Grant Deed
—
Jun 18, 2001
$24,500
Gjb Remainder LLC
Glasjar Funding LP
Grant Deed
—
Jun 18, 2001
$3,808,500
Glasjar Property LLC
Glasjar Funding LP
Grant Deed
related
—
Mar 3, 1997
—
Allstar Inns INC
Motel 6 Operating LP
Quit Claim Deed
related
—
Mar 3, 1997
$2,776,500
Glasjar Funding Ltd Ptshp
Allstar Inns INC
Trustees Deed
related
$310,250,000 · Chase Manhattan Bank
Feb 25, 1994
—
Allstar Inns INC
Allstar Inns Ope
Quit Claim Deed
related
—
Apr 1, 1987
$700,000
—
—
Grant Deed
related
—
—
—
Inns Operating Allstar
—
Deed Of Trust
related
$5,000,000 · Motel 6 Fin
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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