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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Specialty properties
1600 Willow Ave Clovis, CA 93612-3212
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-0204140
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1981
Construction
WOOD
Total area
28,076 SF
Lot
6.2 ac (270,072 SF)
Zoning code
C2TWR
APN
420-040-81S
UPID
US09-0204140
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
-
Life Coach Kim Person Life Coach
-
Praise Church of God in Christ Church
-
EVCS Charging Station Electric Vehicle Charging Station
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Regency Event Center Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Hedrick,william B Trust · 8 yrs held
Hedrick,william B Trust
since 2017
7 recorded transactions
Zoning & alternative use
C2TWR · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+43.6%
Warehouse, storage
$1.7M
+6.5%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,260,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,680,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$54 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,320
Tax year 2023
Assessed value
$2,805,151
Assessed 2023
Previous assessed
$2,805,151
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,834,595
Assessed improvement
$970,556
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Stories
2
Total area
28,076 SF
Lot
6.2 ac (270,072 SF)
Zoning code
C2TWR
APN
420-040-81S
UPID
US09-0204140
Jurisdiction
FRESNO
Zoning & alternative use
C2TWR · Clovis, CA
Zoning C2TWR · permitted uses
C2TWR · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1981
Construction
WOOD
Heating
NONE
Stories
2
Lot
6.2 ac
Current owner
From public records · entity-resolved
Hedrick,william B Trust
Trust
Free & Clear · 8 yrs held
Mailing address
PO BOX 429, FRIANT, CA 93626-0429
Ownership since
2017
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
Nov 27, 2017
—
Hedrick,william B Trust
Hedrick,william B
Quit Claim Deed
related
—
Dec 20, 2012
—
William B Hedrick
Hedrick,judy
Quit Claim Deed
related
—
Jul 29, 2003
$1,825,000
Hedrick Family Partnership
Signature Real Estate Equities
Grant Deed
$1,400,000 · General Motors Acceptance Corp
Apr 24, 2002
—
Signature Real Estate Equities
—
Deed Of Trust
related
$5,598,000 · Owens Mortgage Investment Fund
Mar 9, 2001
—
Signature Real Est Equities
Signature Theatres LLC
Quit Claim Deed
related
$7,800,000 · Owens Financial Group INC
May 2, 2000
—
Signature Theatres LLC
Wf Cinema Holdings LP
Grant Deed
$8,500,000 · Owens Financial Group INC
Jan 28, 2000
—
Cinema Holdings L P Wf
Weststar Real Estate INC
Grant Deed
related
—
—
—
Sba 2012 Tc Assets LLC
—
Deed Of Trust
related
—
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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