New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,530,000
Motels
4245 Blackstone Ave, Fresno, CA 93726-1910
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2752034
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
WOOD
Total area
20,624 SF
Lot
1.78 ac (77,400 SF)
Zoning code
CMX
APN
426-342-15
UPID
US10-2752034
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 North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.12M
Blend (final)
Blend
$7.53M
Owner & transaction history
Prabhatbhai T Patel · 2 yrs held
Prabhatbhai T Patel
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
CMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.2M
+80.9%
Restaurant
$4.9M
+22.5%
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
$7,595,000
ML approach
$7,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,165,000
Change: +81% · Conversion: Difficult
RESTAURANT
$4,850,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$7.53M
Range $6.78M – $8.28M · ±10% · vs last sale $7.50M (Nov 16 2023)
Last sale anchor
$7.50M
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
$365 / 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
$43,992
Tax year 2023
Assessed value
$3,444,048
Assessed 2023
Previous assessed
$3,444,048
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$893,501
Assessed improvement
$2,550,547
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Units
82
Total area
20,624 SF
Lot
1.78 ac (77,400 SF)
Zoning code
CMX
APN
426-342-15
UPID
US10-2752034
Jurisdiction
FRESNO
Zoning & alternative use
CMX · Fresno, CA
Zoning CMX · permitted uses
CMX · 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
$7.2M
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
RESTAURANT
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Units
82
Lot
1.78 ac
Current owner
From public records · entity-resolved
Prabhatbhai T Patel
Individual
Mailing address
7177 N ELLENDALE AVE, FRESNO, CA 93722-2113
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$7,500,000
Prabhatbhai T Patel
Veer Hospitality LLC
Grant Deed
$5,000,000 · Cogent Bank
Nov 16, 2023
—
Prabhatbhai T Patel
—
Deed
related
$5,000,000 · Pinnacle Bank
Mar 15, 2022
—
Veer Hospitality LLC
—
Deed
related
$4,251,000 · United Security Bank
Nov 1, 2019
—
Veer Hospitality LLC
G6 Hospitality Property LLC
Grant Deed
$2,675,000 · United Security Bank
Sep 15, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Aug 10, 2017
—
G6 Hospital Property LLC
G6 Hospital Real Estate LLC
Deed
—
Nov 6, 2015
$1,300,000
G6 Hospitality Real Estate LLC
Central California Society For
Grant Deed
—
Oct 29, 2012
—
Motel 6 Operating LP
Motel Holding Co INC
Quit Claim Deed
related
—
Nov 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 20, 1978
—
Marie E Marques
—
Grant Deed
related
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000 · Jp Morgan Chase Bk
—
—
Evelyn J Enos
—
Deed Of Trust
related
$50,000 · Bruce M Brown
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,010,000,000 · Jp Morgan Chase Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4245 Blackstone Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
