Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1835 Herndon Ave Clovis, CA 93611
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1835 Herndon Ave Clovis, CA 93611

    View on Map
    • Grocery and convenience stores
    • 58,681 SF
    • 5.48 lot acres
    For Lease
    $11,775,000
    View Listing →
    Retail Space in Clovis Marketplace For Lease
    $11,775,000

    Retail Space in Clovis Marketplace

    Retail space for lease in Windmill Marketplace, Clovis, CA.

    1835 Herndon Ave, Clovis, CA 93611
    View Listing
    Property ID
    US09-0274293
    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.
    Value Estimations
    $11,775,000
    Cap Rate Potential
    6.5%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Windmill Marketplace / Shopping Center & Mall
    • KeyMe Locksmiths / Locksmith
    • Save Mart / Grocery & Convenience Store / Food Market
    • Save Mart Pharmacy / Pharmacy
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 1835 Herndon Ave

    Year built
    2001
    Construction
    TILT-UP CONCRETE
    Lot size
    5.48 lot acres
    Property size
    58,681 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    563-135-23
    APU
    56313523

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,265,000
      ML approach
      $10,865,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,300,000
      6.5%
      $12,275,000
      7%
      $11,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,276,000
      Market price range: $7.68M - $23.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $14,940,000
      Current use
      OFFICE BUILDING
      $19,505,000
      Change: +31% Conversion: Easy
      COMMERCIAL (GENERAL)
      $18,290,000
      Change: +22% Conversion: Easy
      RESTAURANT
      $12,510,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.682
    Latitude
    36.8386
    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
    $122,502
    $1,976,760
    $8,192,560
    $10,169,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      4,020 SF

      785 Temperance Ave

      CONVENIENCE STORE • 4,020 SF
      785 Temperance Ave, Clovis, CA 93611-8603
      View Details
    • Value Estimation
      $6,985,000
      55,383 SF

      3100 Fowler Ave

      GROCERY, SUPERMARKET • 55,383 SF
      3100 Fowler Ave, Clovis, CA 93611-2100
      View Details
    • Value Estimation by Request
      4,047 SF

      405 Clovis Ave

      CONVENIENCE STORE • 4,047 SF
      405 Clovis Ave, Clovis, CA 93611-0373
      View Details
    • Value Estimation
      $6,020,000
      55,164 SF

      1650 Herndon Ave

      GROCERY, SUPERMARKET • 55,164 SF
      1650 Herndon Ave, Clovis, CA 93611-0505
      View Details
    • Value Estimation by Request
      1,776 SF

      1799 Bullard Ave

      CONVENIENCE STORE • 1,776 SF
      1799 Bullard Ave, Clovis, CA 93611-1424
      View Details
    • Value Estimation
      $530,000
      2,400 SF

      304 Sunnyside Ave

      CONVENIENCE STORE • 2,400 SF
      304 Sunnyside Ave, Clovis, CA 93611-1334
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,454 SF

      M-1 Lot in Clovis

      Light industrial lot with buildings, fixtures, and automotive equipment.
      25 N Sunnyside Ave, Clovis, CA 93611
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Located on the Southeast corner of Shaw and Fowler Avenue.
      1860 Shaw Ave, Clovis, CA 93611
      View Details
    • $2,500,000
      19.92 Acres

      Clovis Land with Estate Potential

      Large land parcel in Clovis, CA, for estate development.
      12919 Friant Rd, Clovis, CA 93611
      View Details
    • Contact for pricing

      Land Near Clovis Community Hospital

      Land with high growth potential near Highway 168.
      2702 Alluvial Ave, Clovis, CA 93611
      View Details
    • $4,932,000

      Land West of Armstrong

      Land available west of Armstrong, between Alluvial & Herndon.
      600 N Armstrong Ave, Clovis, CA 93611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,488 SF

      Clovis Retail Storefront Warehouse Space

      Retail storefront with warehouse space in Clovis, California.
      1450 Tollhouse Rd, Clovis, CA 93611
      View Details
    • Contact for pricing
      2,036 SF

      Retail Space in Clovis Center

      Retail space available within a busy shopping center.
      1755 Herndon Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      20,000 SF

      Clovis Retail Space Available

      20,000 SF retail space for rent in Clovis.
      1840 Herndon Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      1,878 SF

      Retail Space in Clovis, CA

      Retail space for lease at a busy Clovis intersection.
      865 N Willow Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      1,372 SF

      Retail Space in Clovis, CA

      Retail shop space available at Willow and Alluvial avenues.
      835 N Willow Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      5,654 SF

      Retail Pad Space in Clovis

      Retail space available in Sunrise Pavilion Center, Clovis, CA.
      2674 Alluvial Ave, Clovis, CA 93611
      View Details

    Property Visit Statistics

    • Visits by month
      48.8k
    • Visitors by month
      30.3k
    • Avg Time on site
      18 min
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1835 Herndon Ave
    Clovis, CA 93611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!