Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Sierra Vista Title is generated by Realmo AI

    1260 Shaw Ave, Clovis, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available within a large shopping mall complex.

    Type:RETAIL
    Property size:
    900 SF
    Lot size:
    67.01 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    629
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 1260 Shaw Ave

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    67.01 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1260 Shaw Ave Contact us

    We can help!

    Listing Contact
    Lewis Smith
    Lewis Smith

    Listing agent Lewis Smith License #01214178

    Listing office Retail California Commercial Real Estate

    Listing date Sep 11, 2024

    Source Moodyscre

    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

    HighLights

    • 260‑unit multi‑family development site.
    • Located at the intersection of Shaw and Clovis Avenues.
    • Gross Leasable Area (GLA): 688,725 SF.
    • Approximately two miles from State Route 168.
    • Close proximity to Fresno State University (24K+ students).
    • Close proximity to Fresno Yosemite International Airport.

    Overview

    This 900 square foot retail space is located within Sierra Vista Mall, situated at the intersection of Shaw and Clovis Avenues, approximately two miles from State Route 168. The mall has a gross leasable area of 688,725 square feet. The location is near Fresno State University, which has an enrollment of over 24,000 students, and Fresno Yosemite International Airport. A 260-unit multi-family development site is also in close proximity to the mall.
    Location Intelligence

    Current Use by Public Records

    RepairALL Computer & Electronic Repair Cricket Wireless Authorized ... Mobile Phone Store Spoil Me Wax ... Spa & Massage Center Chocolate WISHES Specialty Food Shop Panera Bread Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.692
    Latitude
    36.8077

    Nearby Similar for Lease

    • $2.00 SF/Yr
      1,602 SF

      Old Town Clovis Retail Suite

      Turnkey 1,602 SF suite in Old Town Clovis.
      325 Clovis Ave, Clovis, CA 93612
      View Details
    • $0.90 SF/Yr
      23,200 SF

      Shaw Village Shopping Center Spaces

      Recently renovated shopping center with high traffic and great visibility.
      424-498 W Shaw Ave, Clovis, CA
      View Details
    • $2.00 SF/Yr
      1,602 SF

      Old Town Clovis Retail Space

      Turnkey 1,602 SF suite in high-traffic Old Town Clovis.
      325 Clovis Ave, Clovis, CA
      View Details
    • $500/Mo
      981 SF

      Retail Space with Remodeled Suites

      Ground-floor retail and flexible second-floor suites available for lease.
      1450-1468 Clovis Ave, Clovis, CA
      View Details
    • $1.50 SF/Yr
      5,780 SF

      Renovated Shopping Center Spaces Available

      Prime shopping center spaces with high traffic and visibility.
      494 W Shaw Ave, Clovis, CA
      View Details
    • $1.75 SF/Yr
      1,985 SF

      Move-In Ready Office Spaces

      Medical and general office spaces available for rent.
      290 Shaw Ave, Clovis, CA
      View Details
    • $1.00 SF/Yr
      4,950 SF

      Automotive Repair Space in Clovis

      Automotive repair space for lease with freeway access.
      177 N Sunnyside Ave, Clovis, CA
      View Details
    • $1.35 SF/Yr
      1,316 SF

      Retail Space in Clovis

      Prime retail space with flexible suites and ample parking.
      1416-1436 Clovis Ave, Clovis, CA
      View Details
    • $9,300/Mo
      9,311 SF

      Clovis Warehouse with Gated Yard

      Warehouse in Clovis featuring a gated yard and loading dock.
      1424 Los Altos Ave, Clovis, CA
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Clovis, CA

      Retail space shadow-anchored by Save Mart in Clovis, CA.
      1865 Herndon Ave, Clovis, CA 93611
      View Details
    • $2 SF/Yr
      1,473 SF

      Retail and Office Space Available

      Retail and office space for lease in Clovis, California.
      8948 N Willow Ave, Clovis, CA
      View Details
    • $0.46 SF/Yr
      5,377 SF

      Clovis Warehouse Space Available

      5,377 SF warehouse space for lease in Clovis.
      1486 Tollhouse Rd, Clovis, CA
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail space available within a large shopping mall complex.
    Where is this shopping mall located?
    The property is located at 1260 Shaw Ave Clovis, CA.
    What are key features of this property?
    This property features: 260‑unit multi‑family development site.; Located at the intersection of Shaw and Clovis Avenues.; Gross Leasable Area (GLA): 688,725 SF.
    (559) 447-6235 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lewis Smith
    Lewis Smith
    Real Estate License ID: 01214178
    Learn More
    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.
    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

    Thank You for Inquiry
    1260 Shaw Ave, Clovis, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!