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    Property profile & analytics

    1348 Clovis Ave Clovis, CA 93612-2701

    • Office buildings
    • 1,232 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2024
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2744699
    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

    • Malibu Lash & Tan / Spa & Massage Center
    • Malibu Spray Tans, Lashes & Facials / Spa & Massage Center
    • Malibu Lash, Tan & Teeth Whitening / Hair Salon

    Property Details for 1348 Clovis Ave

    Year built
    1943
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    1,232 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    497-150-13
    APU
    49715013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.701
    Latitude
    36.8141
    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
    $4,321
    $339,029
    $16,403
    $355,432
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      619 5th St

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    • Value Estimation
      $765,000
      3,946 SF

      862 Pollasky Ave

      OFFICE BUILDING • 3,946 SF
      862 Pollasky Ave, Clovis, CA 93612-1842
      View Details
    • Value Estimation by Request
      1,232 SF

      825 Ashlan Ave Ste, Unit 102

      OFFICE BUILDING • 1,232 SF
      825 Ashlan Ave Ste, Clovis, CA 93612-4735
      View Details
    • Value Estimation
      $1,355,000
      1,984 SF

      701 Pollasky Ave

      OFFICE BUILDING • 1,984 SF
      701 Pollasky Ave, Clovis, CA 93612-1841
      View Details
    • Value Estimation
      $4,080,000
      38,801 SF

      333 Pontiac Way

      OFFICE BUILDING • 38,801 SF
      333 Pontiac Way, Clovis, CA 93612-5613
      View Details
    • Value Estimation
      $1,605,000
      7,162 SF

      657 Scott Ave

      OFFICE BUILDING • 7,162 SF
      657 Scott Ave, Clovis, CA 93612-2659
      View Details

    Similar Nearby for Sale

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      11,580 SF

      Clovis Commercial Property for Sale

      Commercial property in Clovis, CA, available for purchase.
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    • $3,250,000

      Clovis Retail/Office Building

      Prime Clovis location, 20,400 SF, sale/lease.
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      1,371 SF

      Clovis Condominium with Upgrades

      Rare 3-bedroom Clovis condo with remodeled kitchen and community amenities.
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    • $995,000

      Industrial Land with Utilities

      Prime industrial land ready for development with utilities in place.
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    • $12,600,000
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      Bonanza Shopping Center: Clovis, CA

      Grocery-anchored retail center; high growth market.
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      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
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    Similar Nearby for Lease

    • $995,000
      3,870 SF

      Freestanding Office Building in Clovis

      3,870 SF office building with great exposure in Old Town.
      324 Bullard Ave, Clovis, CA 93612
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      Move-In Ready Office Spaces

      Medical and general office spaces available for rent.
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    • $21 SF/Yr
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      Clovis Office Space for Lease

      2,174 sq ft Traditional Office Space Available
      334 Shaw Ave, Clovis, CA 93612
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    • Contact for pricing
      4,981 SF

      Office and Retail Space Available

      Executive office, retail, and end cap space for lease.
      20-44 Shaw Ave, Clovis, CA 93612
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    • $1.20 SF/Yr
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      Garden-Style Office Complex For Rent

      Two-story office complex with amenities and convenient highway access.
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    • Contact for pricing
      12,000 SF

      Prime Clovis Location on Shaw

      Excellent visibility, signage, desirable demographics, high traffic counts.
      111-159 W Shaw Ave, Clovis, CA 93612
      View Details
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    1348 Clovis Ave
    Clovis, CA 93612-2701
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    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
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