Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    105 Clovis Ave Fresno, CA 93727-3307

    • Commercial real estate
    • 1,624 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2021
    $2,000,000
    Value Estimations
    $1,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0578572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • My Gas / Gas Station
    • ATM / Atm

    Property Details for 105 Clovis Ave

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.79 lot acres
    Property size
    1,624 SF
    Zone code
    CMX
    Property type
    Commercial real estate
    APN
    462-020-32
    APU
    46202032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,930,000
      ML approach
      $2,005,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.701
    Latitude
    36.7436
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,854
    $510,000
    $1,122,000
    $1,632,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      3,320 SF

      3025 Fowler Ave

      COMMERCIAL (GENERAL) • 3,320 SF
      3025 Fowler Ave, Fresno, CA 93727-1115
      View Details
    • Value Estimation
      $380,000
      3,456 SF

      469 Clovis Ave

      COMMERCIAL (GENERAL) • 3,456 SF
      469 Clovis Ave, Fresno, CA 93727-3304
      View Details
    • Value Estimation by Request
      3,000 SF

      5627 Kings Canyon Rd

      Investment properties • 3,000 SF
      5627 Kings Canyon Rd, Fresno, CA 93727
      View Details
    • Value Estimation
      $385,000
      4,892 SF

      5205 Kings Cyn Rd

      COMMERCIAL (GENERAL) • 4,892 SF
      5205 Kings Cyn Rd, Fresno, CA 93727-4028
      View Details
    • Value Estimation
      $645,000
      4,031 SF

      5993 Belmont Ave

      COMMERCIAL (GENERAL) • 4,031 SF
      5993 Belmont Ave, Fresno, CA 93727-2702
      View Details
    • Value Estimation
      $1,440,000
      95,932 SF

      4864 Kings Cyn Rd

      COMMERCIAL (GENERAL) • 95,932 SF
      4864 Kings Cyn Rd, Fresno, CA 93727-3809
      View Details

    Similar Nearby for Sale

    • $2,525,000
      19,828 SF

      Fresno Industrial/Flex Space Opportunity

      Industrial/flex space in Fresno, CA, suitable for various uses.
      5645-5661 E Shields Ave, Fresno, CA 93727
      View Details
    • $1,300,000

      Fresno Residential Land - $1.3M

      3.6-acre residential development land in Fresno, CA.
      2342 Fowler Ave, Fresno, CA 93727
      View Details
    • $7,500,000
      104,840 SF

      Fresno Industrial/Flex Space Portfolio

      Large industrial/flex space portfolio in Fresno, California for sale.
      5697-5715 E Fountain Way, Fresno, CA 93727
      View Details
    • $330,000

      Land with Mixed-Use Zoning

      Land with mixed-use zoning near downtown and medical center.
      2948 E Tulare Ave, Fresno, CA 93727
      View Details
    • $7,250,000
      53,760 SF

      Freestanding Industrial Building Near Airport

      53,760 SF industrial building with convenient access to major highways.
      5688 E Fountain Way, Fresno, CA 93727
      View Details
    • $280,000
      1.43 Acres

      Residential Land Development Opportunity

      1.4-acre residential lot near retail and freeway access.
      5526 E Inyo St, Fresno, CA 93727
      View Details

    Similar Nearby for Lease

    • $0.80 SF/Yr
      2,202 SF

      Affordable Showroom Facing Clovis Avenue

      Showroom with light industrial zoning and ample parking available for lease.
      1401 N Clovis Ave, Fresno, CA 93727
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space on Kings Canyon

      Retail space available for rent on Kings Canyon Road.
      5663 E Kings Canyon Rd, Fresno, CA 93727
      View Details
    • $0.80 SF/Yr
      1,500 SF

      Affordable Showroom Facing Clovis Avenue

      Showroom with light industrial zoning and ample parking available for rent.
      1421 N Clovis Ave, Fresno, CA 93727
      View Details
    • $6,225 /Mo
      7,500 SF

      Remodeled Warehouse with Fenced Yard

      7,500 SF remodeled warehouse with fenced yard for lease.
      4973 E Lansing Way, Fresno, CA 93727
      View Details
    • $1.65 SF/Yr
      900 SF

      Office Space Available For Rent

      900 square feet of office space available for rent.
      1901 N Gateway Blvd, Fresno, CA 93727
      View Details
    • $0.85 SF/Yr
      10,135 SF

      Office/Warehouse Space Available For Lease

      Office/warehouse space featuring 10’ clearance and roll-up door.
      5645 E Clinton Ave, Fresno, CA 93727
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 Clovis Ave
    Fresno, CA 93727-3307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.