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    Clovis Ca Clovis, CA 93612

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    Clovis Ca Clovis, CA 93612

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    • Lifestyle centers
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    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Clovis Ca

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents two available spaces within the Sierra Pavilions shopping center, located in Clovis, California, at the intersection of Shaw Avenue and Clovis Avenue, in Fresno County (zip code 93612). The property boasts a prime location directly across from Sierra Vista Mall, ensuring high foot traffic and excellent visibility. The center features a total of six suites, offering a variety of sizes to suit diverse business needs. Currently, two spaces are available for lease: one measuring 1,137 square feet and another significantly larger at 6,403 square feet. The strategic location benefits from three high-traffic, signalized intersections along busy Shaw Avenue, guaranteeing substantial daytime traffic and excellent exposure for your business. Furthermore, the property is conveniently situated just two miles east of Freeway 168, providing easy access for customers and employees. No elevators are present in the building. This is an ideal opportunity for businesses seeking a high-visibility location within a thriving retail environment.

    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
    -119.695
    Latitude
    36.8087

    Comparable in this City

    • Value Estimation by Request
      5,800 SF

      Swq Clovis & Shaw Ave

      Neighborhood centers • 5,800 SF
      0 Swq Clovis & Shaw Ave, Clovis, CA 93612
      View Details
    • Value Estimation by Request
      57,785 SF

      285-343 Shaw Ave

      Neighborhood centers • 57,785 SF
      285-343 Shaw Ave, Clovis, CA 93612
      View Details
    • Value Estimation by Request

      Sec Shaw & Minnewawa

      Neighborhood centers
      0 Sec Shaw & Minnewawa, Clovis, CA 93612
      View Details
    • Value Estimation
      $2,105,000
      164,055 SF

      1235 Shaw Ave

      MINI-MALL • 164,055 SF
      1235 Shaw Ave, Clovis, CA 93612-3927
      View Details
    • Value Estimation
      $890,000
      62,047 SF

      90 Shaw Ave

      MINI-MALL • 62,047 SF
      90 Shaw Ave, Clovis, CA 93612-3723
      View Details
    • Value Estimation
      $3,710,000
      180,770 SF

      765 Herndon Ave

      MINI-MALL • 180,770 SF
      765 Herndon Ave, Clovis, CA 93612-0298
      View Details

    Similar Nearby for Sale

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      Retail Space in Clovis Center

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      384 W Ashlan Ave, Clovis, CA 93612
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      12,250 SF

      Retail Building in Clovis, CA

      12,250 SF retail building with nine tenants for sale.
      240 W Shaw Ave, Clovis, CA 93612
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      Development Land in Loma Vista

      Commercial land in Clovis's Loma Vista area, drive-through approved.
      3693 Shaw Ave, Clovis, CA 93612
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    • $595,000
      2,158 SF

      Clovis Duplex Near Amenities

      Duplex in central Clovis near schools and shopping centers.
      593 W Alamos Ave, Clovis, CA 93612
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    • Contact for pricing

      Commercial Land in Loma Vista

      Multiple mixed-use parcels totaling 30.30 acres in Clovis, CA.
      3520 Shaw Ave, Clovis, CA 93612
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    • Contact for pricing
      7,410 SF

      Clovis Industrial Property For Sale

      7,410 SF industrial property available in Clovis, California.
      361 N Minnewawa Ave, Clovis, CA 93612
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    Similar Nearby for Lease

    • Contact for pricing
      18,000 SF

      Retail Space in Clovis, CA

      18,000 sq ft retail property available for rent.
      1045 Herndon Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      2,100 SF

      Retail Pad Spaces For Lease

      Retail pad spaces available at Sunflower Marketplace Shopping Center.
      393 W Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      116,642 SF

      Sierra Vista Mall Retail Space

      Retail space available in Sierra Vista Mall, Clovis, CA.
      1140 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Sierra Vista

      Retail space available within a large shopping mall complex.
      1260 Shaw Ave, Clovis, CA 93612
      View Details
    • $1.50 SF/Yr
      5,780 SF

      Renovated Shopping Center Spaces Available

      Prime shopping center spaces with high traffic and visibility.
      494 W Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing

      Trading Post Shopping Center Retail

      Retail spaces available in Clovis's emerging regional retail corridor.
      Clovis Ca, Clovis, CA 93612
      View Details
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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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