Retail Building in Clovis,
240 W Shaw Ave Clovis, CA
For Sale
Contact for pricing
12,250 SF retail building with nine tenants for sale.
Property Size12,250 SF
Lot Size0.99 Acres
Price / SF$351.84
Days on Market475
Property Features for 240 W Shaw Ave
General Information
Standard status
Active
Size
12,250 SF
Lot size
0.99 Acres
Property subtype
RETAIL
Listing Agency:
Retail California Commercial Real Estate
(559) 447-6218
Listed By:
Coryne McKenney · License #00952671
(559) 432-2938
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Retail California Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 240 W. Shaw Avenue in Clovis, California, this property is a 12,250± square foot building. The building currently houses nine tenants. Its C2 zoning allows for a variety of businesses, including boutique shops and service providers. The property offers rental income, representing an investment opportunity in Clovis’ retail sector.
Key Highlights
- 12,250± square foot building with nine tenants.
- Steady stream of rental income.
- C2 zoning allows for diverse business types.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.3k | $21.00 |
| − Vacancy | −$19.3k | −$1.58 |
| EGI | $238.0k | $19.43 |
| − OpEx | −$71.4k | −$5.83 |
| NOI | $166.6k | $13.60 |
12,250 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.38M
$2.08M – $2.78M
NOI $166,569 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,031 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - 12,250 SF retail building with nine tenants for sale.
Where is this strip mall located?
The property is located at 240 W Shaw Ave Clovis, CA.
What is the asking price?
The asking price for this property is $4,310,000.
What are key features of this property?
This property features: 12,250± square foot building with nine tenants.; Steady stream of rental income.; C2 zoning allows for diverse business types.
