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    975-1395 Shaw Ave Clovis, CA 93612
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    975-1395 Shaw Ave, Clovis, CA 93612

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    • Retail properties & Spaces
    • 282,565 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 975-1395 Shaw Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Sierra Pavilions, located at 975-1395 Shaw Avenue in Clovis, CA 93612, offers exceptional retail space in a high-traffic area. This multi-tenant retail center boasts a total of 282,565 square feet, with a minimum divisible space of 1,110 square feet and a maximum contiguous space of 14,255 square feet. Currently, 16,502 square feet of space is available for lease, offering opportunities for businesses of various sizes. The property is situated on the northeast corner of Shaw Avenue and Clovis Avenue, directly across from Sierra Vista Mall, ensuring high visibility and accessibility. This prime location benefits from significant daily traffic exceeding 63,090 vehicles on Shaw and Clovis Avenues, providing substantial exposure to potential customers. The center enjoys a strong daytime population and is anchored by established national retailers including Lowe's, Kmart, Pier 1 Imports, FoodMaxx, Party City, Fitness Evolution, and Pet Extreme, creating a vibrant and attractive retail environment. The available spaces are ideal for a variety of retail uses, offering a chance to establish a presence in a well-established and successful shopping center within Fresno County. Interested parties should inquire about specific space availability and lease terms.

    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
    -119.697
    Latitude
    36.8103

    Comparable in this City

    • Value Estimation by Request
      62,235 SF

      130 Shaw Ave

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      130 Shaw Ave, Clovis, CA 93612
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    • Value Estimation by Request
      5,125 SF

      481 Pollasky Ave

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      481 Pollasky Ave, Clovis, CA 93612
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    • Value Estimation
      $780,000
      4,842 SF

      779 Herndon Ave

      RETAIL STORES (PERSONAL SERVICES)
      779 Herndon Ave, Clovis, CA 93612-0289
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    • Value Estimation
      $1,025,000
      6,486 SF

      1150 Clovis Ave

      RETAIL STORES (PERSONAL SERVICES)
      1150 Clovis Ave, Clovis, CA 93612
      View Details
    • Value Estimation
      $3,180,000
      22,446 SF

      693 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES)
      693 Shaw Ave, Clovis, CA 93612-3230
      View Details
    • Value Estimation
      $2,410,000
      16,262 SF

      195 Shaw Ave

      RETAIL STORES (PERSONAL SERVICES)
      195 Shaw Ave, Clovis, CA 93612-3700
      View Details

    Similar Nearby for Sale

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      12,250 SF

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      20,400 SF

      Retail Space in Clovis Center

      Retail or office space in The Center Clovis shopping center.
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      New Chick-fil-A Ground Lease

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    Similar Nearby for Lease

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      2,100 SF

      Retail Pad Spaces For Lease

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      900 SF

      Retail Space in Sierra Vista

      Retail space available within a large shopping mall complex.
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      2,119 SF

      Available Retail and Office Space

      Executive office, retail, and end cap space for lease.
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    • Contact for pricing
      1,602 SF

      Old Town Clovis Retail Space

      Turnkey 1,602 SF suite in high-traffic Old Town Clovis.
      325 Clovis Ave, Clovis, CA 93612
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      1,400 SF

      Retail Space For Lease

      In-line retail space available for lease.
      711-781 W Shaw Ave, Clovis, CA 93612
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    • Contact for pricing
      1,546 SF

      Recently Renovated Retail Spaces Available

      Remodeled retail spaces with open layout, ample parking, great visibility.
      3185 Willow Ave, Clovis, CA 93612
      View Details
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    Clovis, CA 93612
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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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    975-1395 Shaw Ave, Clovis, CA, 93612
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