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Property profile & analytics
OFF-MARKET
Estimated value
$8,245,000
Motels
4141 Blackstone Ave, Fresno, CA 93726-3808
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3395575
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Construction
WOOD
Total area
69,940 SF
Lot
4.09 ac (178,160 SF)
Zoning code
RMX
APN
434-092-15
UPID
US09-3395575
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
-
Red Roof Inn Fresno - Yosemite Gateway Hotel & Motel
-
Fresno City Inn Hotel & Motel
-
Dexter Martinez Tour Operator
-
Fresno City Inn, Fresno Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.25M
CAP Approach
CAP
$5.94M
Comparable Approach
Comparable
$6.41M
Blend (final)
Blend
$8.25M
Owner & transaction history
Rhcb Rodeway LP · 2 yrs held
Rhcb Rodeway LP
since 2024
Last sale
$8.2M
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
$8,245,000
ML approach
$8,245,000
CAP Approach
CAP Return
Estimation
6%
$6,430,000
6.5%
$5,935,000
7%
$5,515,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,425,000
Current use
OFFICE BUILDING
$11,115,000
Change: -17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,785,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.25M
Range $7.42M – $9.07M · ±10% · vs last sale $8.25M (Jun 10 2024)
Last sale anchor
$8.25M
Jun 10 2024
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
$118 / 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
$41,086
Tax year 2023
Assessed value
$3,186,538
Assessed 2023
Previous assessed
$3,186,538
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,006,066
Assessed improvement
$2,180,472
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
1966
Construction
WOOD
Heating
NONE
Stories
2
Total area
69,940 SF
Lot
4.09 ac (178,160 SF)
Zoning code
RMX
APN
434-092-15
UPID
US09-3395575
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
$13.4M
OFFICE BUILDING
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.8M
HOTEL/MOTEL Current
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
1966
Construction
WOOD
Heating
NONE
Stories
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
Rhcb Rodeway LP
Entity
Mailing address
352 W BEDFORD AVE STE #110, FRESNO, CA 93711-6079
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
Rhcb Rodeway LP
—
Deed
related
$2,500,000 · United Security Bank
Sep 25, 2024
—
Rhcb Rodeway LP
—
Deed
related
$5,713,000 · United Security Bank
Jun 10, 2024
—
Rhcb Rodeway LP
Rh Community Builders LP
Intrafamily Transfer
related
—
Nov 6, 2023
—
Rh Community Builders LP
—
Deed
related
$5,713,000 · United Security Bank
Oct 6, 2023
$8,246,000
Rh Community Builders LP
Oceanic Fresno LP
Grant Deed
$5,713,000 · United Security Bank
Sep 29, 2023
—
Oceanic Fresno LP
—
Deed
related
$4,000,000 · Oceanic Enterprises
Sep 7, 2021
—
Oceanic Fresno LP
—
Deed
related
$805,000 · Pacific City Bank
Dec 28, 2017
—
Oceanic Fresno LP
—
Deed
related
$1,880,000 · Kinecta FCU
Aug 31, 2012
$1,300,000
Oceanic Fresno LP
Hnb Fresno Investments LLC
Grant Deed
—
Mar 27, 2012
—
Hnb Fresno Investments LLC
Anaheim Motel Investments INC
Deed In Lieu Of Foreclosure
—
Dec 16, 2004
$4,800,000
Anaheim Motel Investments INC
Weil Martin & M Trust
Grant Deed
$3,300,000 · Weil Martin & Marianne Trust
Dec 16, 2004
—
Weil Martin & Marianne Trust
Hwm Corp
Quit Claim Deed
related
—
Oct 1, 2004
—
Weil Martin & Marianne Trust
Water Tree Inn
Grant Deed
related
—
Dec 10, 1997
$1,020,000
Water Tree Inn
Boyajian,edward J
Grant Deed
—
—
—
Water Tree Inn
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Oceanic Fresno LP
—
Deed Of Trust
related
$1,880,000 · Kinecta FCU
—
—
Oceanic Arcata LP
—
Loan Modification
related
$450,000 · Private Individual
—
—
Hnb Fresno Investments LLC
—
Deed Of Trust
related
$900,000 · Silvergate Bank
—
—
Oceanic Palmdale LP
—
Deed Of Trust
related
$250,000 · Hnb Fresno Investments LLC
—
—
Anaheim Motel Investments INC
—
Deed Of Trust
related
$3,350,000 · Hanmi Bank
—
—
Oceanic Palmdale LP
—
Deed Of Trust
related
$800,000 · Hnb Fresno Investments LLC
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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