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    Property profile & analytics

    1585 Shaw Ave Clovis, CA 93611-4214

    • Office Properties & Spaces
    • 4,186 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2023
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2676447
    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

    • CPR and More Fresno/Clovis / Training Centre
    • A & A Studios / Beauty Salon
    • Mere Secure / Computer Support And Services / Software Company
    • Cell & Tablet Repair Studio / Phone Repair Service
    • Dillmore Portraits / Photography Studio

    Property Details for 1585 Shaw Ave

    Year built
    2018
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    4,186 SF
    Zone code
    CP
    Property type
    Office Properties & Spaces
    APN
    498-330-16
    APU
    49833016

    Description

    This exceptional executive office opportunity is located at 1585 Shaw Avenue in Clovis, California, within Fresno County (zip code 93611). The property is an office building offering multiple tenancies, with a total building size of 145 square feet. Currently, there are two available executive office suites, each offering ample space for a variety of business needs. One suite measures 260 square feet, and the other is 293 square feet. The total vacant space within the building amounts to 553 square feet. This presents a unique chance to establish a presence in a thriving Clovis business community. The property's convenient location provides easy access to major transportation routes, enhancing accessibility for clients and employees. This is an ideal space for entrepreneurs, small businesses, or professionals seeking a professional and efficient workspace. The building's efficient layout maximizes space utilization, offering a cost-effective solution for businesses of all sizes. This opportunity is perfect for those seeking a well-maintained and conveniently located office space in the heart of Clovis. Inquire today to learn more about this exceptional property and secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $378,000
      Market price range: $379k - $1.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.687
    Latitude
    36.809
    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
    $11,870
    $218,727
    $765,550
    $984,277
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      4,186 SF

      1575 Shaw Ave

      OFFICE (GENERAL) • 4,186 SF
      1575 Shaw Ave, Clovis, CA 93611-4098
      View Details
    • Value Estimation by Request
      9,241 SF

      2036-2196 Shaw Ave

      Office Properties & Spaces • 9,241 SF
      2036-2196 Shaw Ave, Clovis, CA 93611
      View Details
    • Value Estimation
      $625,000
      9,024 SF

      1635 Shaw Ave

      OFFICE (GENERAL) • 9,024 SF
      1635 Shaw Ave, Clovis, CA 93611-4029
      View Details
    • Value Estimation
      $530,000
      8,448 SF

      1625 Shaw Ave

      OFFICE (GENERAL) • 8,448 SF
      1625 Shaw Ave, Clovis, CA 93611-4029
      View Details
    • Value Estimation
      $665,000
      11,388 SF

      2585 Alluvial Ave

      OFFICE BUILDING • 11,388 SF
      2585 Alluvial Ave, Clovis, CA 93611-9505
      View Details
    • Value Estimation
      $1,495,000
      67,465 SF

      2071 Herndon Ave

      MEDICAL BUILDING • 67,465 SF
      2071 Herndon Ave, Clovis, CA 93611-6101
      View Details

    Similar Nearby for Sale

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      5.38 Acres

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    Similar Nearby for Lease

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      Clovis, CA Office Building - 16,775 SF
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      View Details
    • Contact for pricing
      8,400 SF

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      View Details
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      Clovis CA Multi-Use Commercial Space

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    • Contact for pricing
      260 SF

      Clovis Office Space Available

      260 square foot office space for rent in Clovis.
      1585 Shaw Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
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      New construction office space for lease with flexible configurations.
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      View Details
    • $2 SF/Yr

      Modern Office Space in Clovis

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      930 N Temperance Ave, Clovis, CA 93611
      View Details
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    Clovis, CA 93611-4214
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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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