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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Warehouses
1261 Hoblitt Ave Clovis, CA 93612-2811
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0604423
Property summary
AI-generated overview
This exceptional investment opportunity presents two single-story warehouse buildings totaling 10,000 square feet, ideally situated in Clovis, California. Located at 1261 & 1311 Hoblitt Avenue, this property boasts a prime location just north of Shaw Avenue, at the northwest corner of Sunnyside Avenue and Hoblitt Avenue. The property is zoned M-1, offering flexibility for a variety of industrial and/or office uses. The buildings are situated on two separate parcels, with APN numbers 498-140-34S and 498-140-35S in Fresno County. The property features multiple tenancies, providing potential for diverse income streams or expansion opportunities. With its convenient location and versatile zoning, this property is well-suited for businesses seeking efficient warehouse space and/or office accommodations. The address is 1261 & 1311 Hoblitt Avenue, Clovis, CA 93612. This is a rare chance to acquire a substantial industrial property in a thriving Clovis location. The property's strategic positioning offers excellent access to major transportation routes, enhancing its logistical appeal. Serious inquiries are encouraged.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
TILT-UP CONCRETE
Total area
10,040 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M1
APN
498-140-34S
UPID
US09-0604423
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
-
12M Payday Loans Loan Service
-
Rev Limit Scooters LLc Motorcycle Shop (Bike/Boat/Book/etc) Store
-
Clovis Mower Service General Contractor Hardware & Home Improvement
-
Oneals Customs Auto Repair Shop Motorcycle Shop
-
Elite Window Coverings (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.01M
Owner & transaction history
The Paul And Nettie Mckenney Liv Tr
The Paul And Nettie Mckenney Liv Tr
since 2025
7 recorded transactions
Zoning & alternative use
M1 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+45.3%
Apartment house (5+ units)
$1.3M
+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
$1,015,000
Current use
AUTO REPAIR, GARAGE
$1,475,000
Change: +45% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$100 / 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
$11,070
Tax year 2024
Assessed value
$929,595
Assessed 2024
Previous assessed
$929,595
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$174,981
Assessed improvement
$754,614
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
10,040 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M1
APN
498-140-34S
UPID
US09-0604423
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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
The Paul And Nettie Mckenney Liv Tr
Individual
Mailing address
5277 N HIGHLAND AVE, CLOVIS, CA 93619-9086
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
The Paul And Nettie Mckenney Liv Tr
Paul A Mckenney
Deed
related
—
Dec 19, 2018
$850,000
Paul A Mckenney
Mckenney,troy A & Debra A
Grant Deed
related
—
Jul 18, 2001
$300,000
Troy A Mckenney
Manock Trust
Grant Deed
$225,000 · Westamerica Bank
Dec 27, 1985
—
Manock,james C & Dorathy R Trust
Ortenzio,edward R Et
Grant Deed
related
—
Jun 6, 1979
—
—
—
Grant Deed
related
—
—
—
Troy A Mckenney
—
Deed Of Trust
related
$185,000 · Tri Counties Bank
—
—
Troy A Mckenney
—
Deed Of Trust
related
$35,000 · Tri Counties Bank
—
—
Troy A Mckenney
—
Deed Of Trust
related
$234,000 · Citizens Business Bank
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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