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    Property profile & analytics

    2036-2196 Shaw Ave Clovis, CA 93611

    • Office Properties & Spaces
    • 9,241 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2036-2196 Shaw Ave

    Property size
    9,241 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional executive office building, located at 2036-2196 Shaw Avenue in Clovis, California's Shaw Missions Business Center, presents a unique investment opportunity. The property boasts a total of 9,241 square feet of space, currently offered as a cold dark building shell, ready for build-out to suit your specific needs. The building shell can be constructed between 4,941 and 9,241 square feet. This distinctive business park showcases a striking Santa Barbara Mission architectural style, complete with impressive architectural details. Its prime location offers easy access to major retail destinations, including Sierra Vista Mall and Old Town Clovis, and enjoys the added convenience of adjacency to the DMV. Ample on-site parking and extensive landscaped areas enhance the property's appeal. Zoned CP, this versatile property is well-suited for a variety of professional, medical, and retail uses. Opportunities for prominent building and monument signage are available, ensuring high visibility for your business. The property is Comcast ready, providing seamless connectivity. The asking price for this remarkable property is $2,541,275. This is a rare chance to acquire a high-quality, well-located office building in a thriving Clovis, CA market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.677
    Latitude
    36.8083

    Comparable in this City

    • Value Estimation
      $380,000
      4,186 SF

      1585 Shaw Ave

      OFFICE (GENERAL) • 4,186 SF
      1585 Shaw Ave, Clovis, CA 93611-4214
      View Details
    • Value Estimation
      $380,000
      4,186 SF

      1575 Shaw Ave

      OFFICE (GENERAL) • 4,186 SF
      1575 Shaw Ave, Clovis, CA 93611-4098
      View Details
    • Value Estimation
      $625,000
      9,024 SF

      1635 Shaw Ave

      OFFICE (GENERAL) • 9,024 SF
      1635 Shaw Ave, Clovis, CA 93611-4029
      View Details
    • Value Estimation
      $530,000
      8,448 SF

      1625 Shaw Ave

      OFFICE (GENERAL) • 8,448 SF
      1625 Shaw Ave, Clovis, CA 93611-4029
      View Details
    • Value Estimation
      $1,010,000
      25,128 SF

      2301 Herndon Ave

      OFFICE BUILDING • 25,128 SF
      2301 Herndon Ave, Clovis, CA 93611-8911
      View Details
    • Value Estimation
      $425,000
      8,526 SF

      2151 Herndon Ave

      OFFICE BUILDING • 8,526 SF
      2151 Herndon Ave, Clovis, CA 93611-6307
      View Details

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    Similar Nearby for Lease

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      260 SF

      Clovis Office Space Available

      260 square foot office space for rent in Clovis.
      1585 Shaw Ave, Clovis, CA 93611
      View Details
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    Clovis, CA 93611
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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.

    More about this property
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