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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Warehouses
2307 Herndon Ave Clovis, CA 93611-8906
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2642785
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
11,323 SF
Lot
3.22 ac (140,263 SF)
Zoning code
C2TWR
APN
564-050-33
UPID
US09-2642785
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
-
SIERRA TOWING Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.78M
Owner & transaction history
City Of Clovis · 1 yrs held
City Of Clovis
since 2025
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
C2TWR · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+152.3%
Restaurant
$2.4M
+111.3%
Medical building
$2.2M
+93.4%
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
$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
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
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $2.00M (Mar 19 2021)
Last sale anchor
$2.00M
Mar 19 2021
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
$157 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,475
Tax year 2024
Assessed value
$2,122,416
Assessed 2024
Previous assessed
$2,122,416
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,122,416
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
11,323 SF
Lot
3.22 ac (140,263 SF)
Zoning code
C2TWR
APN
564-050-33
UPID
US09-2642785
Jurisdiction
FRESNO
Zoning & alternative use
C2TWR · Clovis, CA
Zoning C2TWR · permitted uses
C2TWR · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$2.9M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
City Of Clovis
Entity
Free & Clear · 1 yrs held
Mailing address
3875 W BEECHWOOD AVE, FRESNO, CA 93711-0794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 7, 2025
—
City Of Clovis
United Health Centers Of San Joaqui
Grant Deed
—
Mar 19, 2021
$2,000,000
United Health Centers Of The San Jo
Robert Eugene Papenhausen
Grant Deed
—
Oct 6, 1995
$525,000
Papenhausen,robert E
Jolly Trust
Trustees Deed
$465,000 · Seller
Oct 6, 1995
—
Robert E Papenhausen
Papenhausen,kathleen C
Quit Claim Deed
related
—
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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