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Property profile & analytics
FOR LEASE
Office buildings
2101 Herndon Ave, Clovis, CA 93611
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5105941
For Lease
1 / 2
$25 SF/Yr
2101 Herndon Ave, Clovis, CA 93611
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Property summary
AI-generated overview
This exceptional office property, located at 2101 Herndon Avenue in Clovis, California (Fresno County, zip code 93611), offers a total of 16,775 square feet of space currently available for lease. The building is classified as a Traditional Office and Executive Office space, suitable for a variety of business needs. The property is situated in a prime location at the northwest corner of Herndon and Armstrong Avenues. Individual suites are available, ranging from a minimum of 1,398 square feet to a maximum contiguous space of 2,558 square feet. The entire 16,775 square foot building is currently vacant and available for lease. The property is designed to allow for flexibility, with the possibility of purchasing individual buildings within the larger development. This presents a unique opportunity for businesses seeking a prominent location in Clovis, California, with the potential for customization and expansion. The property's address is 2101 Herndon Ave, Clovis, CA 93611. Interested parties should inquire about lease terms and conditions.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
WOOD
Total area
5,000 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CP
APN
563-230-02
UPID
US09-5105941
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
-
MixMed Compounding Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.12M
Owner & transaction history
2111 Herndon LLC · 10 yrs held
2111 Herndon LLC
since 2016
4 recorded transactions
Zoning & alternative use
CP · 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%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,660,000
Current use
COMMERCIAL (GENERAL)
$1,560,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$223 / 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
$13,179
Tax year 2023
Assessed value
$1,086,862
Assessed 2023
Previous assessed
$1,086,862
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$363,625
Assessed improvement
$723,237
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2018
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CP
APN
563-230-02
UPID
US09-5105941
Jurisdiction
FRESNO
Zoning & alternative use
CP · Clovis, CA
Zoning CP · permitted uses
CP · 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
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2018
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
2111 Herndon LLC
Entity
Mailing address
545 E ALLUVIAL AVE STE #113, FRESNO, CA 93720-2826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2017
—
2101 Herndon LLC
—
Trustees Deed
related
$763,000 · Housing Cap
Jan 27, 2016
—
2111 Herndon LLC
Butler Family Trust
Quit Claim Deed
—
May 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Butler Living Trust
—
Deed Of Trust
related
$408,589 · Housing Cap
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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