Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7370 Blackstone Ave Fresno, CA 93650-1231

    • Retail space
    • 48,260 SF
    • 4.38 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2020
    Value Estimations
    $995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1595207
    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

    • Big Lots / Discount Store / Furniture Store

    Property Details for 7370 Blackstone Ave

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    4.38 lot acres
    Property size
    48,260 SF
    Zone code
    CMX
    Property type
    Retail space
    APN
    303-061-10
    APU
    30306110

    Description

    This exceptional retail property, located at 7370 N Blackstone Ave in Fresno, California, presents a significant investment opportunity. The building boasts a substantial 37,426 square feet of space, ideal for a single tenant seeking a prominent location. Situated in Fresno County, with a zip code of 93650, this property offers excellent visibility and accessibility. The property is classified as an anchor retail space, suggesting its potential to attract significant foot traffic and become a key destination within the area. Its single-tenant occupancy simplifies management and provides a stable income stream. The precise building specifications, beyond the total square footage, are not currently available. However, the property's prime location on Blackstone Avenue in Fresno, CA, offers substantial potential for growth and return on investment. Further details regarding lease terms, current occupancy status, and potential uses are available upon request. This is a rare opportunity to acquire a substantial retail space in a thriving Fresno market. Interested parties are encouraged to contact us to discuss this exceptional property further. The property's geographic coordinates are 36.844215340491054 latitude and -119.7898594792292 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789
    Latitude
    36.8441
    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
    $76,796
    $3,889,359
    $2,417,710
    $6,307,069
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $250,000
      5,292 SF

      7133 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,292 SF
      7133 Blackstone Ave, Pinedale, CA 93650-1207
      View Details
    • Value Estimation
      $405,000
      14,968 SF

      7157 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,968 SF
      7157 Blackstone Ave, Pinedale, CA 93650-1235
      View Details
    • Value Estimation
      $1,225,000
      4,800 SF

      45 Minarets Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      45 Minarets Ave, Fresno, CA 93650
      View Details
    • Value Estimation
      $370,000
      19,690 SF

      454 Alluvial Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,690 SF
      454 Alluvial Ave, Pinedale, CA 93650-1160
      View Details
    • Value Estimation
      $270,000
      6,550 SF

      7327 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,550 SF
      7327 Blackstone Ave, Pinedale, CA 93650-1211
      View Details
    • Value Estimation
      $245,000
      7,680 SF

      7355 Blackstone Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,680 SF
      7355 Blackstone Ave, Pinedale, CA 93650-1232
      View Details

    Similar Nearby for Sale

    • $884,000
      7,586 SF

      Pinedale Commercial Property for Sale

      Commercial property in Pinedale, CA, featuring 7586 square feet of space.
      30 E Minarets Ave, Pinedale, CA 93650
      View Details
    • $4,395,000
      18,050 SF

      Fresno Executive Office Building

      Prime Palm Bluffs location, high NOI, 18,050 SF
      660 Locust Ave, Fresno, CA 93650
      View Details
    • $5,358,480
      12,912 SF

      Fresno Office Building For Sale

      Office building with 12,912 square feet of space.
      1275 E Spruce Ave, Fresno, CA 93650
      View Details
    • $11,399,000
      61,632 SF

      Classic Office Building For Sale

      Three-story office building in Early California Corporate Center.
      575 E Locust Ave, Fresno, CA 93650
      View Details
    • $4,000,000
      18,050 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with prime location and abundant parking.
      660 W Locust Ave, Fresno, CA 93650
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space in Riverpoint Center

      Retail space for lease in Fresno's Riverpoint Shopping Center.
      58-70 E Herndon Ave, Fresno, CA 93650
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Rent

      Retail space available for rent at N Hayes Ave & W Herndon Ave.
      W Herndon Ave, Fresno, CA 93650
      View Details
    • $9 SF/Yr
      8,732 SF

      Fresno Retail Building - Great Location

      Prime freestanding retail space, 8,732 sq ft.
      48 Spruce Ave, Fresno, CA 93650
      View Details
    • Contact for pricing
      4,040 SF

      Blackstone Ave Retail Build-to-Suit

      Prime River Park location, high-traffic corner.
      7315 Blackstone Ave, Fresno, CA 93650
      View Details
    • Contact for pricing
      4,940 SF

      Fuel and Hotel Site Available

      Fuel and hotel site with highway access in growing area.
      6893 W Parr Ave, Fresno, CA 93650
      View Details
    • Contact for pricing
      18,000 SF

      Clovis Retail Space Available

      Modern Retail Space in Prime Location
      0 Shepherd & Willow, Clovis, CA 93650
      View Details
    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.
    7370 Blackstone Ave
    Fresno, CA 93650-1231
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.