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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
1239 Hoblitt Ave Clovis, CA 93612-2807
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-3387855
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
8,756 SF
Lot
0.62 ac (27,000 SF)
Zoning code
M1
APN
498-140-32S
UPID
US09-3387855
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
Current use
Occupant on record · Public records
-
Hodges Electric Inc. Electrical Service General Contractor
-
Closet Creations Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$845k
Owner & transaction history
Hei Holdings LLC · 6 yrs held
Hei Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+45.3%
Apartment house (5+ units)
$1.2M
+29.9%
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
WAREHOUSE, STORAGE
$885,000
Current use
AUTO REPAIR, GARAGE
$1,285,000
Change: +45% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,150,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$97 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,002
Tax year 2024
Assessed value
$750,537
Assessed 2024
Previous assessed
$750,537
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$171,550
Assessed improvement
$578,987
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
8,756 SF
Lot
0.62 ac (27,000 SF)
Zoning code
M1
APN
498-140-32S
UPID
US09-3387855
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Clovis, CA
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Hei Holdings LLC
Entity
Mailing address
1239 HOBLITT AVE, CLOVIS, CA 93612-2807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2019
—
Hei Holdings LLC
—
Deed
related
$290,000 · Cen Cal Busn Fin
Nov 19, 2019
$700,000
Hei Holdings LLC
Hodges C B & J M F/tr
Grant Deed
$350,000 · Bank Of The Sierra
Aug 5, 2019
—
C B Hodges
Hodges,charles B
Affidavit Of Death
related
—
Jan 5, 2000
—
Hodges Trust
Hodges,charles B & Janet M
Quit Claim Deed
related
—
Jan 23, 1997
—
Charles Hodges
—
Grant Deed
related
$315,000 · Regency Bank
Dec 5, 1996
$95,000
Charles B Hodges
Soonthornbhesaj,nopporn & Lenora
Grant Deed
$70,000 · Seller
Dec 19, 1990
$92,000
Soonthornbhesaj
Fuller,larry L
Grant Deed
$47,000 · Seller
Mar 19, 1980
$72,000
—
—
Grant Deed
related
—
—
—
Hei Holdings LLC
—
Deed Of Trust
related
$350,000 · Bank Of The Sierra
—
—
Hei Holdings LLC
—
Deed Of Trust
related
$290,000 · Cen Cal Busn Fin
—
—
Hodges,tr
—
Deed Of Trust
related
$125,000 · 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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