Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5048 N Blackstone Ave Fresno, CA 93710
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5048 N Blackstone Ave Fresno, CA 93710

    View on Map
    • Retail space
    • 51,577 SF
    • 3.23 lot acres
    For Lease
    View Listing →
    5048 N Blackstone Ave, Fresno, CA For Lease
    Contact for pricing

    5048 N Blackstone Ave, Fresno, CA

    2,260 SF retail space available in Fresno, CA.

    5048 N Blackstone Ave, Fresno, CA 93710
    View Listing
    Property ID
    US10-2992317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,910,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cookies Fresno Dispensary / (Bike/Boat/Book/etc) Store
    • Su Casa Valley Insurance Services / Insurance Agency
    • ElBasha Fresno / Restaurant
    • Alladin Mediterranean Grill / Restaurant
    • Ting Ting Communications / Computer & Electronic Repair / Tech Support Center

    Property Details for 5048 N Blackstone Ave

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    3.23 lot acres
    Property size
    51,577 SF
    Zone code
    RMX
    Property type
    Retail space
    APN
    418-080-80
    APU
    41808080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,655,000
      ML approach
      $6,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,383,000
      Market price range: $2.71M - $8.54M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,430,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $8,320,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,955,000
      Change: +47% Conversion: Difficult
      OFFICE BUILDING
      $7,655,000
      Change: +41% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,255,000
      Change: +34% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789
    Latitude
    36.8094
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $81,768
    $2,195,244
    $4,224,024
    $6,419,268
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $915,000
      9,600 SF

      5488 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      5488 Blackstone Ave, Fresno, CA 93710-5016
      View Details
    • Value Estimation
      $805,000
      19,489 SF

      181 Sierra Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,489 SF
      181 Sierra Ave, Fresno, CA 93710-3614
      View Details
    • Value Estimation
      $1,690,000
      15,710 SF

      2633 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,710 SF
      2633 Shaw Ave, Fresno, CA 93710-8222
      View Details
    • Value Estimation
      $1,340,000
      31,420 SF

      5137 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 31,420 SF
      5137 Blackstone Ave, Fresno, CA 93710-6701
      View Details
    • Value Estimation by Request
      2,279 SF

      432 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,279 SF
      432 Shaw Ave, Fresno, CA 93710-7602
      View Details
    • Value Estimation
      $670,000
      5,508 SF

      6405 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,508 SF
      6405 Blackstone Ave, Fresno, CA 93710-3508
      View Details

    Similar Nearby for Sale

    • $5,995,000
      42,300 SF

      Prime Retail Corridor Community Center

      High-exposure retail space with pylon signage in Clovis.
      147 West Shaw Ave, Fresno, CA 93710
      View Details
    • $6,684,719
      5,779 SF

      Retail Property Across From Mall

      Retail property with a 5.90% cap rate.
      636 E Shaw Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      4,950 SF

      Blackstone Avenue Retail/Warehouse Building

      4,950 SF retail/warehouse building in Fresno automotive complex.
      6508 N Blackstone Ave, Fresno, CA 93710
      View Details
    • $9,600,000
      38,090 SF

      Hoover Marketplace Shopping Center

      Well-maintained shopping center with value-add potential and strong occupancy.
      5702-5730 N 1St St, Fresno, CA 93710
      View Details
    • $5,360,000
      19,914 SF

      Fresno Office Building For Sale

      19,914 SF office building available in Fresno, California.
      6297 N Fresno St, Fresno, CA 93710
      View Details
    • Contact for pricing
      1,830 SF

      Single Story Office Buildings

      Six single-story office buildings with easy freeway access.
      5690 N Fresno St, Fresno, CA 93710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,080 SF

      Retail Space on Blackstone Avenue

      Retail space available for lease in Fresno, California.
      6630 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      54,200 SF

      Freestanding Retail Box with Remodel

      Remodeled retail space with high visibility and easy highway access.
      5445 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      2,600 SF

      Freestanding Building on Shaw Avenue

      2,600 SF freestanding retail building with pylon signage.
      110 E Shaw Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Blackstone Avenue

      Retail space available for lease on N Blackstone Ave.
      5353 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      4,690 SF

      Retail Space Near River Park

      Retail space with high visibility and traffic in Fresno.
      6415-6497 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space on Shaw Avenue

      Retail space with high visibility and access for rent.
      2767 W Shaw Ave, Fresno, CA 93710
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5048 N Blackstone Ave
    Fresno, CA 93710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!