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    2357 Marlene Blvd Clovis, NM 88101
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    Property profile & analytics

    2357 Marlene Blvd Clovis, NM 88101

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0522707
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2357 Marlene Blvd

    Year built
    2023
    Property type
    Commercial real estate

    Description

    This exceptional 2-unit duplex, constructed in 2023, presents a compelling investment opportunity or a comfortable primary residence. Located at 2357 Marlene Boulevard in Clovis, New Mexico, this property sits on a generous 6,600 square foot lot. The duplex boasts two bedrooms and two bathrooms in each unit, equipped with modern amenities designed for both comfort and ease of maintenance. Features include central heating and air conditioning, modern kitchen appliances, elegant granite countertops throughout, and convenient washer/dryer hookups. Each unit also includes an attached one-car garage. The exterior showcases a durable brick finish, complemented by low-maintenance xeriscaping and turf landscaping. Additional features enhancing tenant appeal and property value include updated and beautifully tiled bathrooms, attractive porches, and fully enclosed turf backyards with block fencing. Currently rented, this property offers immediate income potential. The property's location in Clovis, NM, zip code 88101, ensures convenient access to local amenities and services. This turnkey investment is ready for a discerning buyer seeking a profitable and low-maintenance property. The property is less than a year old, minimizing the need for immediate repairs or upgrades. This is a rare opportunity to acquire a high-quality, income-generating property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.176056
    Latitude
    34.406284

    Comparable in this City

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      Clovis Commercial Property for Sale

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    • $135,000
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      44.7 Acres in Clovis, NM

      44.7 acres of commercial land south of Clovis, New Mexico.
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    • $85,000
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      Land in Clovis Subdivision

      2.58 acre lot for dream home in Clovis, NM.
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    Similar Nearby for Sale

    • $120,000
      1,312 SF

      High-Traffic Commercial Opportunity in Clovis

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      1,904 SF

      Clovis Commercial Property for Sale

      Commercial property with 1904 square feet available in Clovis.
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    • $135,000
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      44.7 Acres in Clovis, NM

      44.7 acres of commercial land south of Clovis, New Mexico.
      1156 Curry Rd 8, Clovis, NM 88101
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    • $85,000
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      Land in Clovis Subdivision

      2.58 acre lot for dream home in Clovis, NM.
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    Similar Nearby for Lease

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      Turn-Key Drive Thru Restaurant

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      Former Dealership with Shop Space

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      Retail Space in Walmart Shadow

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      Retail Space in Wal-Mart Outparcel

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      Land Available For Lease

      Land available for lease, suitable for a single tenant.
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    Clovis, NM 88101
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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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    2357 Marlene Blvd, Clovis, NM, 88101
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