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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Residential income homes
1040 Jefferson Ave Clovis, CA 93612-1963
Individually Owned
9-yr Hold
Property ID
US09-1124243
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1984
Construction
WOOD
Total area
3,824 SF
Lot
0.27 ac (11,700 SF)
APN
498-103-22
UPID
US09-1124243
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$550k
Owner & transaction history
Benjamin Allen · 9 yrs held
Benjamin Allen
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+53.6%
Medical building
$745,000
+48.6%
Retail stores
$740,000
+47.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clovis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clovis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$500,000
Current use
OFFICE BUILDING
$770,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$745,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$740,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,157
Tax year 2023
Assessed value
$518,712
Assessed 2023
Previous assessed
$518,712
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$66,929
Assessed improvement
$451,783
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
4
Bathrooms
4
Total area
3,824 SF
Lot
0.27 ac (11,700 SF)
APN
498-103-22
UPID
US09-1124243
Jurisdiction
FRESNO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$500,000
OFFICE BUILDING
Est. value
$770,000
MEDICAL BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Benjamin Allen
Individual
Mailing address
9443 N PRICE AVE, FRESNO, CA 93720-4166
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2017
$465,000
Benjamin Allen
Thornell R & E Trust
Grant Deed
$348,750 · Imortgage
Feb 1, 2017
—
Elaine Thornell
Thornell,ronald V
Affidavit Of Death
related
—
Oct 19, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Aug 28, 2009
—
Thornell Ronald & Elaine Trust
Thornell,ronald V & Elaine
Quit Claim Deed
related
—
Aug 27, 1999
$135,000
Ronald V Thornell
Husk,james R & Marie-christine
Grant Deed
$121,500 · Western Sunrise Mortgage Corp
Feb 16, 1996
—
James R Husk
Husk Trust
Quit Claim Deed
related
$134,500 · Weyerhaeuser Mortgage Co
Sep 3, 1991
$180,000
James R Husk
Hodges,herbert V
Grant Deed
$126,000 · Home Savings Of America
—
—
Ronald Thornell
—
Deed Of Trust
related
$106,276 · Ally Bank
—
—
Ronald V Thornell
—
Deed Of Trust
related
$13,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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