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Property profile & analytics
OFF-MARKET
Estimated value
$16,535,000
Medical Office Space
2071 Herndon Ave Clovis, CA 93611-6101
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2479028
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
TILT-UP CONCRETE
Total area
67,465 SF
Lot
12.6 ac (548,856 SF)
Zoning code
C
APN
563-135-32
UPID
US09-2479028
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
-
Perez Marvin Physician Medical Clinic
-
Kaiser Permanente Clovis Medical Offices Medical Clinic
-
Dr. Brian D. Guthrie, MD Pediatrician Medical Clinic
-
Mendoza, Jose, MD. Pediatrician Physician
-
Linda Pauls, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.38M
Comparable Approach
Comparable
$19.49M
Blend (final)
Blend
$16.54M
Owner & transaction history
KAISER FOUNDATION HEALTH PLAN INC
KAISER FOUNDATION HEALTH PLAN INC
Zoning & alternative use
C · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$22.4M
+70.4%
Commercial (general)
$21.0M
+59.8%
Retail stores
$17.2M
+30.5%
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%
$14,490,000
6.5%
$13,375,000
7%
$12,420,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,160,000
Current use
OFFICE BUILDING
$22,425,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$21,025,000
Change: +60% · Conversion: Easy
RETAIL STORES
$17,175,000
Change: +31% · Conversion: Difficult
RESTAURANT
$14,380,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$16.54M
Range $14.88M – $18.19M · ±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
$245 / 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
$253,575
Tax year 2023
Assessed value
$20,945,524
Assessed 2023
Previous assessed
$20,945,524
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,077,775
Assessed improvement
$17,867,749
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
67,465 SF
Lot
12.6 ac (548,856 SF)
Zoning code
C
APN
563-135-32
UPID
US09-2479028
Jurisdiction
FRESNO
Zoning & alternative use
C · Clovis, CA
Zoning C · permitted uses
C · 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
MEDICAL BUILDING Current
Est. value
$13.2M
OFFICE BUILDING
Est. value
$22.4M
COMMERCIAL (GENERAL)
Est. value
$21.0M
RETAIL STORES
Est. value
$17.2M
RESTAURANT
Est. value
$14.4M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
12.6 ac
Current owner
From public records · entity-resolved
KAISER FOUNDATION HEALTH PLAN INC
Entity
Free & Clear · 0 yrs held
Mailing address
CONTROLLERS TAX DEPT NTL, OAKLAND, CA 94612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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