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    Property profile & analytics

    1924 Minnewawa Ave Clovis, CA 93612-2558

    • Grocery and convenience stores
    • 2,892 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1799618
    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

    • Super Liquor I / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 1924 Minnewawa Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    2,892 SF
    Zone code
    C1*TWR
    Property type
    Grocery and convenience stores
    APN
    497-052-23
    APU
    49705223

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.709
    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
    $2,897
    $155,061
    $90,166
    $245,227
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $605,000
      2,424 SF

      794 Shaw Ave

      CONVENIENCE STORE • 2,424 SF
      794 Shaw Ave, Clovis, CA 93612-3216
      View Details
    • Value Estimation
      $550,000
      4,501 SF

      777 Ashlan Ave

      CONVENIENCE STORE • 4,501 SF
      777 Ashlan Ave, Clovis, CA 93612-4700
      View Details
    • Value Estimation
      $12,925,000
      106,563 SF

      396 Ashlan Ave

      GROCERY, SUPERMARKET • 106,563 SF
      396 Ashlan Ave, Clovis, CA 93612-5611
      View Details
    • Value Estimation
      $535,000
      3,840 SF

      190 Clovis Ave

      CONVENIENCE STORE • 3,840 SF
      190 Clovis Ave, Clovis, CA 93612-1112
      View Details
    • Value Estimation by Request
      1,225 SF

      814 Clovis Ave

      CONVENIENCE STORE • 1,225 SF
      814 Clovis Ave, Clovis, CA 93612-1806
      View Details
    • Value Estimation
      $1,700,000
      3,200 SF

      423 Barstow Ave

      CONVENIENCE STORE • 3,200 SF
      423 Barstow Ave, Clovis, CA 93612-1601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,250 SF

      Retail Building in Clovis, CA

      12,250 SF retail building with nine tenants for sale.
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    • $12,600,000
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      Bonanza Shopping Center: Clovis, CA

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      Clovis Retail/Office Building

      Prime Clovis location, 20,400 SF, sale/lease.
      384 Ashlan Ave, Clovis, CA 93612
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    • $800,000
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      Clovis Commercial Property For Sale

      Commercial property in Clovis, CA, with automotive and retail potential.
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    • $1,225,000
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      Clovis Multifamily Investment Opportunity

      Turnkey 5-unit multifamily property in Clovis, CA with recent renovations.
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      Clovis Condominium with Upgrades

      Rare 3-bedroom Clovis condo with remodeled kitchen and community amenities.
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    Similar Nearby for Lease

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      8,200 SF

      Retail Space at Clovis Avenue

      Retail space available at Clovis and Gettysburg Avenues.
      2704 Clovis Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      25,285 SF

      Retail Space For Lease

      In-line retail space available for lease.
      711-781 W Shaw Ave, Clovis, CA 93612
      View Details
    • $1.30 SF/Yr
      1,546 SF

      Recently Renovated Retail Spaces Available

      Remodeled retail spaces with open layout, ample parking, great visibility.
      3185 Willow Ave, Clovis, CA 93612
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    • Contact for pricing
      3,000 SF

      Retail Pad Spaces in Clovis

      Retail spaces for lease in Sunflower Marketplace Shopping Center.
      311 W Shaw Ave, Clovis, CA 93612
      View Details
    • $1.50 SF/Yr
      1,500 SF

      Clovis Retail Space Available

      Retail spaces available in a recently renovated shopping center.
      470-488 W Shaw Ave, Clovis, CA 93612
      View Details
    • $2 SF/Yr
      6,997 SF

      Retail Space in Clovis, CA

      Available retail space with flexible layout and build-out options.
      739 Herndon Ave, Clovis, CA 93612
      View Details
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    1924 Minnewawa Ave
    Clovis, CA 93612-2558
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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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