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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6640 N Blackstone Ave Fresno, CA 93710

    • Retail space
    • 39,199 SF
    • 4.11 lot acres
    For Lease
    View listing
    Last Sale
    Nov 08, 2024
    $7,150,000
    Value Estimations
    $7,150,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2994423
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 6640 N Blackstone Ave

    Year built
    1987
    Construction
    WOOD
    Lot size
    4.11 lot acres
    Property size
    39,199 SF
    Zone code
    CMX
    Property type
    Retail space
    APN
    408-031-01
    APU
    40803101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,150,000
      ML approach
      $7,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,655,000
      6.5%
      $7,065,000
      7%
      $6,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,614,000
      Market price range: $2.06M - $6.49M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $9,215,000
      MEDICAL BUILDING
      $9,140,000
      APARTMENT HOUSE (5+ UNITS)
      $6,325,000
      AUTO REPAIR, GARAGE
      $6,045,000
      OFFICE BUILDING
      $5,820,000
      INDUSTRIAL (GENERAL)
      $5,510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789
    Latitude
    36.8351
    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
    $70,299
    $2,200,000
    $3,303,200
    $5,503,200
    -
    $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

    • Contact for pricing
      14,736 SF

      Former Walgreens Retail Property

      High-traffic corner location near major retailers in Fresno, California.
      6885 N Willow Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      20,000 SF

      Fresno Land: Office & Retail Sites

      High-traffic corner lots, ideal for development.
      0 Sec Herndon Ave & Fresno St, Fresno, CA 93710
      View Details
    • $9,600,000
      38,090 SF

      Fresno Shopping Center Near University

      Shopping center with value-add potential near Fresno State University.
      5730 N 1St St, 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
    • $1,325,000

      High-Traffic Fresno Office Building

      7,704 SF commercial office building at Shaw & Chestnut.
      2763 E Shaw Ave, Fresno, CA 93710
      View Details
    • $1,887,970
      7,706 SF

      Fresno Medical Office Building

      7,706 SF Medical Office - $245/SF
      5680 Fresno St, Fresno, CA 93710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Prime Retail Space Available

      High-traffic retail space near Fashion Fair Mall and Fresno State.
      5091 N Fresno St, Fresno, CA 93710
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Hoover Marketplace

      Retail space available in a well-maintained shopping center.
      5750 N 1St St, Fresno, CA 93710
      View Details
    • Contact for pricing
      7,150 SF

      Prime Retail Space on Blackstone

      Freestanding retail building with high visibility and ample parking.
      6264 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Blackstone Avenue

      1,500 SF retail space with high visibility and traffic.
      5665 N Blackstone Ave, Fresno, CA 93710
      View Details
    • $1.75 SF/Yr
      5,815 SF

      Retail Space on Blackstone Avenue

      Retail space available for lease on N Blackstone Ave.
      5418-5422 N Blackstone Ave, Fresno, CA 93710
      View Details
    • $0.72 SF/Yr
      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
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    Fresno, CA 93710
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    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
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