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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Apartment buildings
1042 Adler Dr Clovis, CA 93612-1501
Entity Owned
8-yr Hold
Free & Clear
Property ID
US10-3070351
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
12,450 SF
Lot
0.43 ac (18,750 SF)
Zoning code
R3
APN
420-062-02
UPID
US10-3070351
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
$1.47M
Blend (final)
Blend
$1.35M
Owner & transaction history
Woodworth Investments LLC · 8 yrs held
Woodworth Investments LLC
since 2018
6 recorded transactions
Zoning & alternative use
R3 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+11.9%
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)
$1,635,000
Current use
AUTO REPAIR, GARAGE
$1,830,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,325,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$108 / 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
$13,660
Tax year 2023
Assessed value
$1,148,326
Assessed 2023
Previous assessed
$1,148,326
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$103,895
Assessed improvement
$1,044,431
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
11
Bathrooms
22
Total area
12,450 SF
Lot
0.43 ac (18,750 SF)
Zoning code
R3
APN
420-062-02
UPID
US10-3070351
Jurisdiction
FRESNO
Zoning & alternative use
R3 · Clovis, CA
Zoning R3 · permitted uses
R3 · Clovis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clovis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
11
Bathrooms
22
Lot
0.43 ac
Current owner
From public records · entity-resolved
Woodworth Investments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1305 W BULLARD AVE STE #9, FRESNO, CA 93711-2471
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2018
$1,050,000
Woodworth Investments LLC
Morales,ambros & Cheryl
Grant Deed
—
May 11, 2007
$1,050,000
Ambros Morales
Nottle Living Trust
Grant Deed
$201,000 · Greenpoint Mortgage Funding
Oct 17, 2002
—
Nottle,tr
Nottle,thomas B & Martha M
Quit Claim Deed
related
—
Aug 29, 2002
$699,000
Thomas B Nottle
Awad,mark & Leticia M
Grant Deed
$454,300 · Southern Pacific Bank
Apr 9, 1998
$405,000
Mark Awad
Roberts,kenneth E & Barbara J
Grant Deed
$305,000 · Imperial Thrift & Loan
—
—
Kenneth E Roberts
—
Deed Of Trust
related
$200,000 · World Savings & Loan
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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