Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Nec Dewolf & Owens Mtn Pkwy Clovis, CA 93611

    • Land
    • 7.00 lot acres
    For Sale
    View listing
    $6,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nec Dewolf & Owens Mtn Pkwy

    Lot size
    7.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 7-acre parcel, located at the northeast corner of DeWolf Avenue and Owens Mountain Parkway in Clovis, California, presents a unique investment opportunity. Situated in the thriving northeast Clovis submarket, this property offers unparalleled access to Freeway 168, providing convenient connectivity to Fresno and the surrounding areas. Zoned Planned Community Commercial (PCC), this land allows for a variety of development options, including office and retail spaces. The site's proximity to the Harlan Ranch Housing Community ensures a strong potential customer base. Furthermore, its advantageous location near Clovis Community Medical Center and numerous amenities such as shopping, dining, and banking establishments enhances its appeal. The property's Assessed Parcel Number (APN) is 558-033-59S. The asking price is $6,250,000. Development plans can incorporate buildings up to two stories in height. This 7-acre tract represents a compelling chance to capitalize on the growth and potential of Clovis, California's dynamic commercial sector. Serious inquiries only.

    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
    -119.652
    Latitude
    36.8521

    Comparable in this City

    • Value Estimation by Request

      1860 Shaw Ave

      Land
      1860 Shaw Ave, Clovis, CA 93611
      View Details
    • Value Estimation by Request
      1.31 Acres

      1515 Herndon Ave

      Land • 1.31 Acres
      1515 Herndon Ave, Clovis, CA 93611
      View Details
    • Value Estimation by Request

      Golden State Blvd

      Land
      0 Golden State Blvd, Clovis, CA 93611
      View Details
    • Value Estimation by Request
      6.29 Acres

      600 Armstrong Ave

      Land • 6.29 Acres
      600 Armstrong Ave, Clovis, CA 93611
      View Details
    • Value Estimation by Request
      1 SF

      1177 Willow Ave

      Land • 1 SF
      1177 Willow Ave, Clovis, CA 93611
      View Details
    • Value Estimation by Request
      12.90 Acres

      Nec Herndon & Helm Avenues

      Lifestyle centers • 1,000 SF
      0 Nec Herndon & Helm Avenues, Clovis, CA 93611
      View Details

    Similar Nearby for Sale

    • $6,250,000
      7.00 Acres

      Clovis Commercial Land - 7 Acres

      Prime 7-acre Clovis commercial land, ideal for development.
      0 Nec Dewolf & Owens Mtn Pkwy, Clovis, CA 93611
      View Details
    • $4,932,000
      6.29 Acres

      Clovis Commercial Land - 6.29 Acres

      Prime 6.29-acre commercial lot in Clovis, CA.
      600 Armstrong Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      5.38 Acres

      Clovis Mixed-Use Development Land

      5.38 Acres, High-Growth Clovis Location
      2702 Alluvial Ave, Clovis, CA 93611
      View Details
    • $2,097,000

      Clovis Commercial Land - $2M

      Prime 3.21-acre commercial lot in Clovis, CA.
      1860 Shaw Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      0.88 Acres

      Clovis Commercial Land - Shaw Ave

      Prime 0.88-acre commercial lot, C2 zoning.
      1750 Shaw Ave, Clovis, CA 93611
      View Details
    • Contact for pricing

      High-Visibility Fresno Commercial Land

      Prime Clovis location, Hwy 99 frontage, 33,596 SF.
      0 Golden State Blvd, Clovis, CA 93611
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      57,063 SF

      Clovis Commercial Land Lease Opportunity

      Prime Clovis location, 1.31 acres, high traffic.
      1515 Herndon Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      8,400 SF

      Clovis Office/Retail Space Available

      Prime Clovis location, 8,400 sq ft available.
      2683 Owens Mountain Pkwy, Clovis, CA 93611
      View Details
    • Contact for pricing
      4,950 SF

      Automotive Repair Space in Clovis

      Automotive repair space for lease with freeway access.
      177 N Sunnyside Ave, Clovis, CA 93611
      View Details
    • $21 SF/Yr
      23,000 SF

      Clovis CA Multi-Use Commercial Space

      Versatile 23,000 sq ft building, multiple suites available.
      372 Spruce Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      260 SF

      Clovis Office Space Available

      260 square foot office space for rent in Clovis.
      1585 Shaw Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      20,000 SF

      Clovis Retail Pads - Herndon & Fowler

      Prime Clovis retail space, build-to-suit options.
      0 Sec Of Herndon & Fowler Ave, Clovis, CA 93611
      View Details
    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.
    Nec Dewolf & Owens Mtn Pkwy
    Clovis, CA 93611
    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.