Add Listing
    For Sale
    • 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

    NEC De Wolf Ave & Owens Mountain Pkwy Clovis, CA 93619

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 7-acre commercial land in Clovis, California.

    Type:Retail, Office, Land
    Lot size:
    7.00 Acres
    Added:
    Feb 15, 2023
    Days on Market:
    1161
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for NEC De Wolf Ave & Owens Mountain Pkwy

    General Information

    Standard status
    Active
    Lot size
    7.00 Acres
    Property subtype
    Retail, Office, Land

    We can help!

    Listing Contact
    Bobby Fena

    Listing agent Bobby Fena License #CA 00590204

    Listing office Colliers - Fresno, California

    Listing date Feb 15, 2023

    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 Colliers - Fresno, California

    Overview

    Clovis Land For Sale

    Located at the northeast corner of De Wolf Avenue and Owens Mountain Parkway in Clovis, California, this approximately 7-acre parcel is adjacent to the Harlan Ranch Housing Community. Situated within the Northeast Clovis Area submarket, the property offers convenient access to Freeway 168, providing quick access to the Fresno and Clovis area. Zoned Planned Community Commercial (PCC), the site is suitable for potential office and multiple retail uses. The property is in close proximity to Clovis Community Medical Center and other amenities such as shopping, dining, and banking.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.604
    Latitude
    36.8672

    Nearby Similar for Sale

    • $800,000
      3,600 SF

      Clovis Commercial Property For Sale

      Commercial property in Clovis, CA, with automotive and retail potential.
      707 Jefferson 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
    • $450,000

      20-Acre Homesite in Quail Oaks

      Rare 20-acre homesite in gated Clovis community.
      Parcel 12, Oak Knoll Lane lot: 12P, Clovis, CA 93619
      View Details
    • $1,790,900
      11,580 SF

      Clovis Commercial Property for Sale

      Commercial property in Clovis, CA, available for purchase.
      1629 Pollasky Avenue, Clovis, CA 93612
      View Details
    • $325,000

      Land in Northeast Clovis

      Generous lot for custom home in desirable Clovis location.
      1792 N Preuss Avenue, Clovis, CA 93619
      View Details
    • $750,000

      Premier Clovis Estate Building Site

      Rare 5-acre estate building site in Clovis, California.
      Biglione Lot 1 Drive, Clovis, CA 93619
      View Details
    • $1,150,000
      4,160 SF

      Turnkey Multi-Family Investment Opportunity

      Impeccably maintained 5-unit residential complex in Clovis, California.
      69 W Beverly Drive, 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
    • $595,000
      2,158 SF

      Clovis Duplex Near Amenities

      Duplex in central Clovis near schools and shopping centers.
      593 W Alamos Avenue, Clovis, CA 93612
      View Details
    • $1,950,000
      39,204 SF

      Retail Property in Clovis, CA

      Retail property available for sale in Clovis, California.
      1886 N Leonard Avenue, Clovis, CA 93619
      View Details
    • $4,395,000

      55 Acre Almond Orchard

      Producing almond orchard with future development potential in Clovis, CA.
      12009 E Shaw Avenue, Clovis, CA 93619
      View Details
    • $475,000

      Prime Clovis Corner Lot

      Flat, two-acre lot near Clovis Community Hospital.
      1 Locan Ave and Alluvial Ave, Clovis, CA 93619
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 7-acre commercial land in Clovis, California.
    Where is this commercial land located?
    The property is located at NEC De Wolf Ave & Owens Mountain Pkwy Clovis, CA.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: Prime location at the northeast corner of Dewolf Avenue and Owens Mountain Parkway in Clovis, California.; Adjacent to the Harlan Ranch Housing Community.; Zoned Planned Community Commercial (Pcc) for potential office and multiple retail uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bobby Fena
    Real Estate License ID: CA 00590204
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!