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Property profile & analytics
FOR LEASE
Retail space
170 W Shaw Ave Clovis, CA 93612
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0340281
For Lease
1 / 2
$4,435,000
170 W Shaw Ave, Clovis, CA 93612
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
52,000 SF
Lot
4.86 ac (211,701 SF)
Zoning code
C2
APN
499-230-64
UPID
US09-0340281
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$4.44M
Owner & transaction history
James R Malkasian · 3 yrs held
James R Malkasian
since 2023
7 recorded transactions
Zoning & alternative use
C2 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$4.44M
Range $3.99M – $4.88M · ±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
$85 / 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
$16,017
Tax year 2023
Assessed value
$1,301,962
Assessed 2023
Previous assessed
$1,301,962
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$751,588
Assessed improvement
$550,374
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Total area
52,000 SF
Lot
4.86 ac (211,701 SF)
Zoning code
C2
APN
499-230-64
UPID
US09-0340281
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Clovis, CA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.86 ac
Current owner
From public records · entity-resolved
James R Malkasian
Individual
Mailing address
2926 N ADOLINE AVE, FRESNO, CA 93705-4110
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
—
James R Malkasian
James R Malkasian
Intrafamily Transfer
related
—
Dec 9, 2015
—
Nipp Family Trust
Nipp John Living Trust
Quit Claim Deed
related
—
Dec 5, 2012
—
Nipp John Living Trust
Sterling Svgs Bk
Grant Deed
—
Oct 1, 2010
—
Sterling Svgs Bk
Intervest Mtg Inv Co
Quit Claim Deed
related
—
Jul 26, 2010
$2,736,000
Intervest Mtg Inv Co
Fidelity National Title Co
Trustees Deed
related
—
Oct 10, 2002
$52,500
Kobra Properties
Jba Interest LLC
Grant Deed
related
$11,725,000 · Wells Fargo Bank
Oct 10, 2002
—
Rnb Interests LLC
Kobra-sce IV
Grant Deed
related
—
Mar 9, 1999
$3,241,500
Kobra-sce IV LLC
USA Real Estate Inv Trust
Grant Deed
$2,542,500 · Sierrawest Bank
May 14, 1990
$3,980,000
Commonwealth Equ
Clovis,landowner
Grant Deed
—
May 11, 1989
$2,100,000
Landowner Clovis
Edison,bernard A
Grant Deed
$2,400 · George Elkins Co
—
—
Commonwealth Equity Trust USA
—
Deed Of Trust
related
$1,500,000 · Sumitomo Bank
—
—
Kobra Properties
—
Deed Of Trust
related
$850,000 · Pedersen Trust
—
—
Kobra-sce IV LLC
—
Deed Of Trust
related
$3,700,000 · Imperial Capital Bank
—
—
Landowner Clovis
—
Deed Of Trust
related
$2,650,000 · Central Life Assurance Co
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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