Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1185 Herndon Ave Clovis, CA 93612-0409
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1185 Herndon Ave Clovis, CA 93612-0409

    View on Map
    • Commercial real estate
    • 185,584 SF
    • 19.19 lot acres
    Off-Market
    Property ID
    US09-4987578
    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.
    Value Estimations
    $31,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Garden Center / Garden Center
    • SEVA Beauty / Spa & Massage Center
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walmart Business Center / (Bike/Boat/Book/etc) Store
    • Walmart Connection center / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1185 Herndon Ave

    Year built
    2013
    Construction
    TILT-UP CONCRETE
    Lot size
    19.19 lot acres
    Property size
    185,584 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    562-142-83
    APU
    56214283

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $40,550,000
      6.5%
      $37,430,000
      7%
      $34,755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $25,416,000
      Market price range: $2.76M - $53.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.696
    Latitude
    36.8392
    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
    $291,339
    $6,700,000
    $17,300,000
    $24,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $17,285,000
      103,380 SF

      845 Shaw Ave

      COMMERCIAL (GENERAL) • 103,380 SF
      845 Shaw Ave, Clovis, CA 93612-3218
      View Details
    • Value Estimation
      $30,010,000
      152,918 SF

      2270 Clovis Ave

      COMMERCIAL (GENERAL) • 152,918 SF
      2270 Clovis Ave, Clovis, CA 93612-3915
      View Details
    • Value Estimation
      $27,080,000
      131,523 SF

      323 Shaw Ave

      COMMERCIAL (GENERAL) • 131,523 SF
      323 Shaw Ave, Clovis, CA 93612-3604
      View Details
    • Value Estimation
      $8,930,000
      76,198 SF

      1000 Shaw Ave

      COMMERCIAL (GENERAL) • 76,198 SF
      1000 Shaw Ave, Clovis, CA 93612-3921
      View Details
    • Value Estimation by Request
      0.94 Acres

      Sierra Vis Pkwy & Sunnyside Ave

      Land • 0.94 Acres
      0 Sierra Vis Pkwy & Sunnyside Ave, Clovis, CA 93612
      View Details
    • Value Estimation by Request
      2,240 SF

      2987 Willow Ave

      COMMERCIAL (GENERAL) • 2,240 SF
      2987 Willow Ave, Clovis, CA 93612-4642
      View Details

    Similar Nearby for Sale

    • $995,000

      Industrial Land with Utilities

      Prime industrial land ready for development with utilities in place.
      980 San Jose Ave, Clovis, CA 93612
      View Details
    • Contact for pricing

      Retail Space in Clovis Center

      Retail or office space in The Center Clovis shopping center.
      384 W Ashlan Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      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
      View Details
    • $1,225,000
      4,160 SF

      Clovis Multifamily Investment Opportunity

      Turnkey 5-unit multifamily property in Clovis, CA with recent renovations.
      69 W Beverly Dr, Clovis, CA 93612
      View Details
    • $800,000
      Pending

      Clovis Commercial Property For Sale

      Commercial property in Clovis, CA, with automotive and retail potential.
      707 Jefferson Ave, Clovis, CA 93612
      View Details
    • $595,000
      2,158 SF

      Clovis Duplex Near Amenities

      Duplex in central Clovis near schools and shopping centers.
      593 W Alamos Ave, Clovis, CA 93612
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land for Lease

      2.29 acres of commercial land available for lease.
      Clovis Ca, Clovis, CA 93612
      View Details
    • Contact for pricing

      Retail Space in Sunflower Marketplace

      Retail spaces available in Clovis's busy Shaw Avenue corridor.
      285-343 W Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing

      Retail Space in Clovis Center

      Retail space for lease in The Center Clovis Shopping Center.
      384 W Ashlan Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      1,137 SF

      Retail Space in Clovis, CA

      Retail property available for lease in Clovis, California.
      1155-1395 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      1,335 SF

      Retail Space in Sierra Vista

      Retail space available in a well-located shopping mall.
      1200 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      26,998 SF

      Warehouse, Showroom, and Office Space

      Warehouse, showroom, and office space available for lease.
      1321 Railroad Ave, Clovis, CA 93612
      View Details

    Property Visit Statistics

    • Visits by month
      345.3k
    • Visitors by month
      176.6k
    • Avg Time on site
      32 min
    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.
    1185 Herndon Ave
    Clovis, CA 93612-0409
    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.
    Sign Up Successful!
    You now have access to more from Realmo!