Entity Owned Property summary
AI-generated overview
This exceptional office property, situated at 180 W. Bullard Avenue in Clovis, California (zip code 93612), offers flexible space ideal for a variety of businesses. Located at the highly visible southeast corner of Bullard and Villa Avenues in Fresno County, this traditional office building provides excellent accessibility and high visibility. The property currently has one available space ranging from 1,000 to 4,000 square feet, making it suitable for businesses needing a smaller footprint or those requiring larger office areas. The multiple tenancy structure ensures a diverse and vibrant professional environment. The property's prime location in Clovis, California offers easy access to major transportation routes and a thriving local community. This is an excellent opportunity to establish or expand your business in a desirable and convenient location. The building's traditional office design provides a professional and functional workspace. Further details regarding lease terms and available space are available upon request. Don't miss this chance to secure your ideal office space in this highly sought-after Clovis location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
8,348 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CP
APN
497-280-34
UPID
US09-3313478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Logistics Company Freight Service
-
Law Firm
-
Real Estate Agency
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$2.03M
Owner & transaction history
since 2026
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
CP · Clovis, CA
Top alternative use upside
Commercial (general)
$2.6M
+59.8%
Restaurant
$1.8M
+9.3%
Office building
$1.7M
+3.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.03M
Value range
$1.82M – $2.23M
±10% around blend
Estimated value / SF
$243 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.82M
blend $2.03M
$2.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,348 SF
Lot area
1.07 ac
Year built
1980
Stories
1
APN
497-280-34
Zoning
CP
Assessed value
$930,000
Annual tax
$11,080
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.66M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.80M
@ 6.5% CAP return
$1.66M
@ 7% CAP return
$1.54M
4
Sales comparison
Partial preview
Sales approach indication
$1.25M
Range $914k – $2.41M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 144 sales
$195
+24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+60%
vs current-use indication
Restaurant
Office Building
Medical Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.30%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.30%
9.0%
NOI (est.)
$154k *
Last sale · Apr 2025
$2.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.91M
Move the market yield to see immediate price impact.
Value / SF
$348
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.80%5.30%5.80%
$139k
$2.89M
$2.62M
$2.39M
$154k
$3.21M
$2.91M
$2.66M
$169k
$3.53M
$3.20M
$2.92M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,080
Tax year 2023
Assessed value
$930,000
Assessed 2023
Previous assessed
$930,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$300,000
Assessed improvement
$630,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,348 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CP
APN
497-280-34
UPID
US09-3313478
Jurisdiction
FRESNO
Zoning & alternative use
CP · Clovis, CAZoning CP · permitted uses
CP · Clovis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CP
Jurisdiction
Clovis, CA
Recorded code
CP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CP in Clovis, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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