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    Property profile & analytics

    825 Ashlan Ave Clovis, CA 93612

    • Office Properties & Spaces
    • 1,110 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eastside Church / Church
    • Senior Helpers / Home Health Care Service / Home Help Service Agency
    • Life Arrow / Training Center
    • Executive Telemarketing / Business Management Consultant

    Property Details for 825 Ashlan Ave

    Year built
    1983
    Lot size
    6.00 lot acres
    Property size
    1,110 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,110-square-foot office space, located at 825 W Ashlan Ave in Clovis, CA 93612, presents a fantastic opportunity for businesses seeking a single-tenant location. Situated on a 6-acre lot at the northwest corner of Willow and Ashlan Avenues, this property offers unparalleled convenience and visibility. The building, constructed in 1983 and extensively renovated in 2018, boasts a single story with a 10-foot ceiling height. The property includes ample parking with 125 spaces available. The building is part of a 13-building complex and is zoned C-P. Its prime location provides easy access to major services, including Costco, Home Depot, Vallarta Supermarkets, various fast-food restaurants, and banking institutions. The property is currently vacant and ready for immediate occupancy. The APN is 430-493-43, and the property is located in Fresno County. This is a single-tenant space within a larger complex, offering a blend of convenience and accessibility. The property's recent renovation ensures a modern and clean workspace. This is an ideal location for businesses seeking high visibility and proximity to essential amenities. Property taxes are $0 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.729
    Latitude
    36.7947

    Comparable in this City

    • Value Estimation
      $23,065,000
      138,502 SF

      380 Ashlan Ave

      OFFICE (GENERAL) • 138,502 SF
      380 Ashlan Ave, Clovis, CA 93612-5611
      View Details
    • Value Estimation by Request
      2,956 SF

      3134 Willow Ave

      Office Properties & Spaces • 2,956 SF
      3134 Willow Ave, Clovis, CA 93612
      View Details
    • Value Estimation by Request
      83,295 SF

      10 Bullard Ave

      Office Properties & Spaces • 83,295 SF
      10 Bullard Ave, Clovis, CA 93612
      View Details
    • Value Estimation by Request
      2,620 SF

      153 Clovis Ave

      Medical offices • 2,620 SF
      153 Clovis Ave, Clovis, CA 93612
      View Details
    • Value Estimation
      $5,900,000
      30,036 SF

      451 Clovis Ave

      OFFICE BUILDING • 30,036 SF
      451 Clovis Ave, Clovis, CA 93612-1194
      View Details
    • Value Estimation by Request
      1,980 SF

      842 Clovis Ave

      OFFICE BUILDING • 1,980 SF
      842 Clovis Ave, Clovis, CA 93612-1865
      View Details

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    Similar Nearby for Lease

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      Clovis Office Space Available

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      12,000 SF

      Prime Clovis Location on Shaw

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      View Details
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    825 Ashlan Ave
    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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