M-1 Lot in
For Sale
Contact for pricing
25 N Sunnyside Avenue, Clovis, CA 93611
Light industrial lot with buildings, fixtures, and automotive equipment.
Property Size3,454 SF
Price / SF$282.28
Days on Market808
Property Features for 25 N Sunnyside Avenue
General Information
Standard status
Active
Size
3,454 SF
Property subtype
Special Purpose
Zoning
M-1
Building Details
Year Built
1986
Listing Agency:
CENTURY 21 Select Real Estate, Inc.
(559) 250-8877
Listed By:
Antonio Arguelles · License #01506718
Source:
Crexi
Added: May 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:36AM
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 CENTURY 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
This M-1 (Light Industrial) lot, located in Clovis north of Old Town, is just under 17,000 square feet. The property includes a large metal building with two garage bays and an office, as well as a converted residential space now used as office space. The converted office space features three bedrooms, two bathrooms, and a garage that has been transformed into a sales showroom for a rental business. The lot is fully wrapped in concrete and gated, making it suitable for a car lot, auto rental, or garage repair shop. The front building offers ample room and could be converted into retail or office space. The combined office and metal building space totals 3,454 square feet, which the buyer should verify. The sale includes the land, buildings, fixtures, two automotive lifts, assorted automotive machines, tools, and inventory located in the garage. This property is ideal for various commercial real estate purposes.
Key Highlights
- M‑1 (Light Industrial) Lot in Clovis, north of Old Town
- Includes land, buildings, fixtures, automotive lifts, machines, tools, and inventory
- Large metal building with two garage bays and office space**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,966
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,320
$939.3K
Cap Rate 7%
$670,943
$670.9K
Cap Rate 9%
$521,844
$521.8K
Market Conditions
NOI Build-Up for 3,454 SF
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.
Gross rent
$72.5K $21.00/SF
− Vacancy
−$5.4K −$1.58/SF
EGI
$67.1K $19.43/SF
− OpEx
−$20.1K −$5.83/SF
NOI
$47.0K $13.60/SF
Area
Clovis, CA
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,320
Cap Rate 7%
$670,943
Cap Rate 9%
$521,844
Alternative Uses
Best Use
Retail
$670.9K
$587.1K – $782.8K
NOI $46,966 @ 7.0% cap · market cap 4.82%
Second Best
Flex RnD
$585.0K
$511.9K – $682.5K
NOI $40,951 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$870.2K
$761.4K – $1.02M
NOI $60,912 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93611, CA
47,041
Population
16,093
Households
2.9
Avg Household Size
39
Median Age
40%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,567
Density / Sq Mi
$114,677
Median Household Income
$58,774
Median Earnings
$2,101
Median Rent
$457,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mac's Tire Pros — 723 Clovis Ave, Clovis, CA 93612
- Oil Changers — 816 Clovis Ave, Clovis, CA 93612
- Firestone Complete Auto Care — 790 Clovis Ave, Clovis, CA 93612
- SpeeDee Oil Change & Auto Service — 736 Clovis Ave, Clovis, CA 93612
- Jensen & Pilegard — 533 Clovis Ave, Clovis, CA 93612
Frequently Asked Questions
What type of property is this?
Auto shop - Light industrial lot with buildings, fixtures, and automotive equipment.
Where is this auto shop located?
The property is located at 25 N Sunnyside Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: M‑1 (Light Industrial) Lot in Clovis, north of Old Town; Includes land, buildings, fixtures, automotive lifts, machines, tools, and inventory; Large metal building with two garage bays and office space**
