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Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Retail space
255 Shaw Ave Clovis, CA 93612-3602
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-3844418
Property summary
AI-generated overview
This exceptional retail opportunity is located at 255 W. Shaw Avenue in Clovis, California, 93612, within Fresno County. The property consists of a 30,000 square foot retail center situated on a 2.46-acre lot (APN: 497-051-18 & 497-051-50), zoned C-2. Multiple spaces are available, with a minimum leasable area of 3,600 square feet and a maximum contiguous space of 25,000 square feet. This prime location benefits from exceptional visibility and high traffic counts, boasting 34,549 AADT on Shaw Avenue and 45,851 AADT on Villa Avenue. The property's strategic placement between Walmart and Michaels ensures significant consumer traffic and strong retail co-tenancy. This proposed retail development presents an unmatched opportunity to capitalize on the high-traffic segment of the Shaw Avenue corridor in Clovis, a thriving retail market in Fresno County. The property offers a unique chance to establish a presence in a bustling commercial area with excellent access and visibility. Interested parties should inquire about available space and lease terms.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
TILT-UP CONCRETE
Total area
25,216 SF
Lot
2.03 ac (88,426 SF)
Zoning code
C2
APN
497-051-49
UPID
US09-3844418
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
-
Michaels (Bike/Boat/Book/etc) Store
-
Michaels Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.85M
Owner & transaction history
Blue Whale Capital LLC · 6 yrs held
Blue Whale Capital LLC
since 2019
1 recorded transaction
Zoning & alternative use
C2 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+9.8%
Office building
$5.1M
+3.9%
Medical building
$4.9M
+0.5%
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%
$5,715,000
6.5%
$5,275,000
7%
$4,900,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,895,000
Current use
RESTAURANT
$5,375,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$5,085,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$4,920,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±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
$152 / 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
$51,118
Tax year 2023
Assessed value
$4,309,830
Assessed 2023
Previous assessed
$4,309,830
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$919,780
Assessed improvement
$3,390,050
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Total area
25,216 SF
Lot
2.03 ac (88,426 SF)
Zoning code
C2
APN
497-051-49
UPID
US09-3844418
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Clovis, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$4.9M
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Blue Whale Capital LLC
Entity
Mailing address
1838 SAGE CRK, SAN JOSE, CA 95120-5027
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
$4,100,000
Blue Whale Capital LLC
Sierra Vista Apts II
Grant Deed
$2,255,000 · Bank Of The West
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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