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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2307 Herndon Ave Clovis, CA 93611-8906

    • Warehouses
    • 11,323 SF
    • 3.22 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2021
    $2,000,000
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    9.5%
    Warehouses
    Location Intelligence
    Property ID
    US09-2642785
    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

    • SIERRA TOWING / Auto Repair Shop

    Property Details for 2307 Herndon Ave

    Year built
    1978
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.22 lot acres
    Property size
    11,323 SF
    Zone code
    C2TWR
    Property type
    Warehouses
    APN
    564-050-33
    APU
    56405033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,405,000
      ML approach
      $1,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,230,000
      6.5%
      $2,060,000
      7%
      $1,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,622,000
      Market price range: $622k - $1.62M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,140,000
      Current use
      RETAIL STORES
      $2,880,000
      Change: +152% Conversion: Moderate
      RESTAURANT
      $2,415,000
      Change: +111% Conversion: Difficult
      MEDICAL BUILDING
      $2,210,000
      Change: +93% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,660,000
      Change: +46% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,540,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.67
    Latitude
    36.8381
    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
    2024
    $25,475
    $2,122,416
    $0.00
    $2,122,416
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,440,000
      14,353 SF

      682 Pollasky Ave

      WAREHOUSE, STORAGE • 14,353 SF
      682 Pollasky Ave, Clovis, CA 93611-4446
      View Details
    • Value Estimation
      $1,085,000
      9,548 SF

      466 Spruce Ave

      WAREHOUSE, STORAGE • 9,548 SF
      466 Spruce Ave, Clovis, CA 93611-4444
      View Details
    • Value Estimation
      $595,000
      4,940 SF

      1506 Menlo Ave

      WAREHOUSE, STORAGE • 4,940 SF
      1506 Menlo Ave, Clovis, CA 93611-0508
      View Details
    • Value Estimation by Request
      7,952 SF

      1589 Menlo Ave

      WAREHOUSE, STORAGE • 7,952 SF
      1589 Menlo Ave, Clovis, CA 93611
      View Details
    • Value Estimation by Request
      3,688 SF

      1430 Menlo Ave

      WAREHOUSE, STORAGE • 3,688 SF
      1430 Menlo Ave, Clovis, CA 93611-0506
      View Details
    • Value Estimation
      $655,000
      12,913 SF

      1436 Menlo Ave

      WAREHOUSE, STORAGE • 12,913 SF
      1436 Menlo Ave, Clovis, CA 93611-2506
      View Details

    Similar Nearby for Sale

    • $1,299,900
      3,454 SF

      Clovis Industrial Property - Prime Location

      Manufacturing/Commercial Lot, 3,454 sq ft, $1.3M
      25 Sunnyside Ave, Clovis, CA 93611
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      Clovis M-1 Industrial Lot

      M-1 lot with buildings, fixtures, and automotive equipment included.
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    • $3,500,000
      10,000 SF

      Greyhawk Business Center: Clovis, CA

      Retail space in prime Central Valley location.
      0 Greyhawk Phase Nwc Temperance & Alluvial, Clovis, CA 93611
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    • $4,932,000
      6.29 Acres

      Clovis Commercial Land - 6.29 Acres

      Prime 6.29-acre commercial lot in Clovis, CA.
      600 Armstrong Ave, Clovis, CA 93611
      View Details
    • Contact for pricing

      Clovis Land Parcel For Sale

      1.15 acre commercial land parcel in Clovis, California.
      2351 Tollhouse Rd, Clovis, CA 93611
      View Details
    • $2,000,000

      Prime Commercial Retail Land Available

      2.29 acres of fully improved commercial land ready to build.
      1445 Shaw Ave, Clovis, CA 93611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,311 SF

      Clovis Warehouse with Gated Yard

      Warehouse in Clovis featuring a gated yard and loading dock.
      1424 Los Altos Ave, Clovis, CA 93611
      View Details
    • $21 SF/Yr
      23,000 SF

      Clovis CA Multi-Use Commercial Space

      Versatile 23,000 sq ft building, multiple suites available.
      372 Spruce Ave, Clovis, CA 93611
      View Details
    • 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
      5,377 SF

      Clovis Warehouse Space Available

      5,377 SF warehouse space for lease in Clovis.
      1486 Tollhouse Rd, Clovis, CA 93611
      View Details
    • Contact for pricing
      2,000 SF

      Clovis Flex-Industrial Space Available

      2,000 SF flex-industrial space in Clovis, California for lease.
      3471 Lind Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      260 SF

      Clovis Office Space Available

      260 square foot office space for rent in Clovis.
      1585 Shaw Ave, Clovis, CA 93611
      View Details
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    2307 Herndon Ave
    Clovis, CA 93611-8906
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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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