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    The Largest CRE Database in the US with Over 1 Million Listings

    Brett Johnson, Clovis, NM

    License ID: 9031
    Town & Country Real Estate, Inc.
    Years of Experience
    41
    Association
    Clovis Board Of Realtors Inc

    Service Locations

    Contact details

    Office Address:
    400 Pile St Ste 300, Clovis, NM, 88101

    Performance

    Listings
    18
    Total transactions
    102
    Total transactions amount
    $20M
    Price range
    $90k - 1.1M
    Average price
    $196k

    Listings

    For Sale (17)

    View map
    • $450,000
      83.51 Acres

      Clovis, NM Commercial Land Opportunity

      83.51 Acres, Multi-Family Zoning, Utilities Available
      2601 7Th St, Clovis, NM 88101
      View Details
    • $350,000
      1.97 Acres

      Clovis Commercial Land - $350K

      Prime 1.97-acre commercial lot in Clovis, NM.
      914 21St St, Clovis, NM 88101
      View Details
    • $135,000
      44.70 Acres

      Clovis, NM Land: 44.7 Acres

      Prime 44.7-acre business tract. Paved road access.
      1156 Curry Rd 8 Rd, Clovis, NM 88101
      View Details
    • $1,800,000
      2.50 Acres

      Clovis Commercial Property - 2.5 Acres

      High-traffic retail & RV storage facility. Excellent investment opportunity.
      1200 1St St, Clovis, NM 88101
      View Details
    • $112,000
      9.03 Acres

      9 Acres Commercial/Residential Land

      Clovis, NM: Prime US 60-84 Location
      1561 Us Hy 60-84, Clovis, NM 88101
      View Details
    • $275,000

      Prime Portales Commercial Property

      8,395 SF lot, remodeled building, high traffic
      201 Abilene Ave, Clovis, NM 88101
      View Details
    • $99,000
      3.50 Acres

      Prime Portales Land - 3.5 Acres

      Affordable land near city amenities. Great development potential.
      7776 Nm 206 Rd, Portales, NM 88130
      View Details
    • $65,000
      1.06 Acres

      Clovis, NM Commercial Land for Sale

      1.06 Acres, Prime Commercial Location
      1702 Mabry Dr Dr, Clovis, NM 88101
      View Details
    • $99,000
      4.16 Acres

      Clovis Commercial Land - $99K

      4.16-acre commercial lot, prime location.
      405 Norris St, Clovis, NM 88101
      View Details
    • $400,000

      Prime Texico Commercial Land

      1.8-acre highway commercial lot; building included.
      1400 Wheeler Ave, Clovis, NM 88101
      View Details
    • $95,000
      1.47 Acres

      Clovis Commercial Land - $95K

      Prime 1.47-acre commercial lot.
      2908 7Th St, Clovis, NM 88101
      View Details
    • $120,000
      20.21 Acres

      20 Acres Clovis, NM Land

      Prime 20-acre tract, fenced, utilities available.
      1070 Curry Rd 16 Rd, Clovis, NM 88101
      View Details
    • $125,000
      20.21 Acres

      20-Acre Clovis, NM Commercial Land

      Prime 20-acre tract, utilities available. Ideal for mixed-use development.
      1070 Curry Rd 16, Clovis, NM 88101
      View Details
    • $1,000,000
      3.74 Acres

      Prime Clovis Commercial Land

      3.737 Acres, Excellent Location
      4212 Prince St, Clovis, NM 88101
      View Details
    • $150,000
      2.15 Acres

      Prime Clovis Commercial Land

      2.15+ Acres, High Visibility, US Hwy Frontage
      4420 Mabry Dr Dr, Clovis, NM 88101-4420
      View Details
    • $199,000
      8.94 Acres

      Clovis Commercial Land - 8.9 Acres

      Prime Commercial Land, Clovis, NM
      201 Norris St, Clovis, NM 88101
      View Details
    • $79,000
      2.15 Acres

      Clovis Commercial Land - $79K

      2.15-acre commercial lot, prime location.
      2301 7Th St, Clovis, NM 88101
      View Details

    For Lease (1)

    View map
    • $10 SF/Yr
      16,530 SF

      Mabry Drive Commercial Property

      Prime Commercial Warehouse, 16,530 SF
      4400 Mabry Dr, Clovis, NM 88101
      View Details

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    Brett Johnson, Clovis, NM
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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.

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    Brett Johnson, Clovis, NM
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