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    Sierra Vis Pkwy & Sunnyside Ave Clovis, CA 93612
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    Sierra Vis Pkwy & Sunnyside Ave, Clovis, CA 93612

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    • Land
    • 0.94 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sierra Vis Pkwy & Sunnyside Ave

    Lot size
    0.94 lot acres
    Property type
    Land

    Description

    This exceptional 0.94-acre commercial land parcel presents a unique investment opportunity in Clovis, California. Situated at the intersection of Sierra Vista Parkway and Sunnyside Avenue, this property boasts unparalleled visibility from Shaw Avenue and the Sierra Vista Mall parking lot. The mall itself features over 690,487 square feet of retail, entertainment, and restaurant space, ensuring high traffic and exposure for any development. The property's C-P zoning allows for a variety of uses, including medical, office, and some retail establishments. This translates to significant flexibility for potential buyers. The site requires minimal offsite improvements and grading, streamlining the development process and reducing overall costs. Its strategic location near a wealth of retail, entertainment, hospitality, and banking options further enhances its appeal. The asking price is $799,000, and the Assessor's Parcel Number (APN) is 499-031-21. This is a rare opportunity to acquire a highly visible and versatile commercial lot in a thriving Clovis location.

    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
    -119.691
    Latitude
    36.8076

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      900 Shaw Ave

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      33 Clovis Ave

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      $915,000
      4,237 SF

      1075 Herndon Ave

      COMMERCIAL (GENERAL)
      1075 Herndon Ave, Clovis, CA 93612-0316
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    Similar Nearby for Sale

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      1 SF

      7.3 Acres Commercial Land Clovis

      7.3 acres of commercial land for sale in Clovis.
      3693 Shaw Ave, Clovis, CA 93612
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      Industrial Land with Utilities

      Prime industrial land ready for development with utilities in place.
      980 San Jose 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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      New Chick-fil-A Ground Lease

      New 15-year ground lease with options to extend.
      560 W Shaw Ave, Clovis, CA 93612
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      20,400 SF

      Retail Space in Clovis Center

      Retail or office space in The Center Clovis shopping center.
      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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    Similar Nearby for Lease

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      Land Near Sierra Vista Mall

      Land available near Sierra Vista Mall and Fresno State.
      Santa Ana Ave, Clovis, CA 93612
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      Prime Land for Lease

      2.29 acres of commercial land available for lease.
      Clovis Ave, Clovis, CA 93612
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      High-Visibility Clovis Avenue Development Site

      Land available for Hotel, Retail, or Office development.
      2604 Clovis Ave, Clovis, CA 93612
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      Retail Space Available For Rent

      Retail space available, offering 1,050 SqFt in Clovis, CA.
      111-159 W Shaw Ave, Clovis, CA 93612
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      4,132 SF

      Industrial Space in Clovis, CA

      Industrial property available for rent in Clovis, California.
      1095 Cole 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
      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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    Sierra Vis Pkwy & Sunnyside Ave, Clovis, CA, 93612
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