Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office/Warehouse Flex Condo Title is generated by Realmo AI

    2921 Larkin Avenue, Clovis, CA 93612

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Highly improved flex condo with office buildout and warehouse space for versatile owner-user or investment use.

    Type:Office, Industrial
    Property size:
    1,800 SF
    Price / SF:
    $180/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 1 at 2:58 pm

    Property Features for 2921 Larkin Avenue

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Office, Industrial

    We can help!

    Listing Contact
    Bill Daly
    Bill Daly

    Listing agent Bill Daly License #CA 01453177

    Listing office Fortune Associates

    Listing date May 28, 2026

    Source Crexi

    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 Fortune Associates

    HighLights

    • Highly improved office/warehouse flex condo with both professional office buildout and functional warehouse space
    • Multiple private offices and a reception area included in the office buildout
    • Upgraded office finishes and an efficient layout designed to support a wide range of business operations
    • Warehouse component offers convenient access and flexible space for light industrial, service, distribution, or contractor use

    Overview

    This highly improved office/warehouse flex condo is designed to support both professional front-office operations and practical warehouse activity. The office portion includes multiple private offices and a reception area, along with upgraded finishes and an efficient layout. The warehouse component provides usable storage and workspace capacity, with convenient access to support day-to-day business needs.

    Located in one of Clovis’s most desirable commercial corridors, the property sits just off Clovis Avenue near 2921 Larkin Avenue. The combination of office improvements and functional warehouse space makes the unit suitable for businesses that need to serve customers and manage operations from the same site.

    As a flexible commercial option, the space can fit a range of light industrial and services-based operations, including service use, distribution, or contractor-related work. It is well suited for owner-users who want a turnkey office/warehouse setup, as well as investors seeking a versatile property configuration that can accommodate different tenant types within the flex category.

    Local Financial Insights For Office B

    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 $38.9k $21.60
    − Vacancy −$7.2k −$4.00
    EGI $31.7k $17.60
    − OpEx −$7.9k −$4.40
    NOI $23.8k $13.20
    1,800 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $339.5K
    $297.1K – $396.1K (±1% cap)
    NOI $23,765 @ 7.0% cap · market cap 7.31%
    Second Best
    Flex RnD
    $304.9K
    $266.8K – $355.7K (±1% cap)
    NOI $21,341 @ 7.0% cap · market cap 6.57%
    Theoretical Best
    Office A
    $453.5K
    $396.8K – $529.1K (±1% cap)
    NOI $31,743 @ 7.0% cap · market cap 9.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Aerial Photomapping Services Photography Service

    Suggested Use

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

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

    Similar Places Nearby

    • Bulldog.Catering — 2980 N Sunnyside Ave #107, Fresno, CA 93727
    • Hewitt's Catering — 2960 N Sunnyside Ave # 106, Fresno, CA 93727

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.6970599
    Latitude
    36.7992402

    Nearby Similar for Sale

    • $1,690,900
      11,580 SF

      For Sale Office Building

      Freestanding office property available in Clovis, offering 11,580 SF on 0.936 acres at 1629 Pollasky Avenue.
      1629 Pollasky Avenue, Clovis, CA 93612
      View Details
    • $650,000
      700 SF

      Commercial Property in Clovis, CA

      Commercial property for sale in Clovis, California, 700 square feet.
      1103 Barstow Avenue, Clovis, CA 93612
      View Details
    • $995,000
      3,870 SF

      Freestanding Office Building in Clovis

      3,870 SF office building with great exposure in Old Town.
      324 Bullard Ave, Clovis, CA
      View Details
    • $4,395,000

      55-Acre Almond Orchard in Clovis

      Producing almond orchard with development potential in Clovis, California.
      12009 E Shaw Avenue, Clovis, CA 93619
      View Details
    • Contact for pricing
      4,847 SF

      New Chick-fil-A Ground Lease

      New 15-year ground lease with options to extend.
      560 W Shaw Ave, Clovis, CA
      View Details
    • $80,000
      2,160 SF

      Retail Space in Clovis, CA

      Retail space available for sale in Clovis, California.
      1187 N Willow, Clovis, CA 93611
      View Details
    • $11,127,000
      21,702 SF

      Loma Vista Marketplace Retail Space

      Retail space in a master-planned community with high traffic.
      3682 E Shaw Ave, Clovis, CA 93619
      View Details
    • $4,000,000
      9,630 SF

      Leased Office Building For Sale

      Turnkey, fully leased office building in Clovis, California.
      2525 Alluvial Ave, Clovis, CA
      View Details
    • $4,310,000
      12,250 SF

      Retail Building in Clovis, CA

      12,250 SF retail building with nine tenants for sale.
      240 W Shaw Ave, Clovis, CA
      View Details
    • $425,000
      2,178 SF

      Restaurant and Bar Opportunity

      Restaurant and bar building with ample parking for sale.
      23117 Tollhouse Rd, Clovis, CA
      View Details
    • Contact for pricing
      7,410 SF

      Clovis Industrial Property For Sale

      7,410 SF industrial property available in Clovis, California.
      361 N Minnewawa Ave, Clovis, CA
      View Details
    • $975,000
      3,454 SF

      M-1 Lot in Clovis

      Light industrial lot with buildings, fixtures, and automotive equipment.
      25 N Sunnyside Avenue, Clovis, CA 93611
      View Details

    FAQs

    What type of property is this?
    Flex space - Highly improved flex condo with office buildout and warehouse space for versatile owner-user or investment use.
    Where is this flex space located?
    The property is located at 2921 Larkin Avenue Clovis, CA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Highly improved office/warehouse flex condo with both professional office buildout and functional warehouse space; Multiple private offices and a reception area included in the office buildout; Upgraded office finishes and an efficient layout designed to support a wide range of business operations
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Daly
    Bill Daly
    Real Estate License ID: CA 01453177
    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
    2921 Larkin Avenue, Clovis, CA 93612
    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!