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Property profile & analytics
OFF-MARKET
Estimated value
$5,670,000
Warehouses
2612 Clovis Ave Fresno, CA 93727-1207
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1266277
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
44,622 SF
Lot
2.12 ac (92,340 SF)
Zoning code
IL
APN
496-201-03
UPID
US09-1266277
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.88M
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$5.67M
Owner & transaction history
Mhc 193 Fresno Ca LLC · 4 yrs held
Mhc 193 Fresno Ca LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
IL · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.0M
+97.0%
Auto repair, garage
$6.9M
+51.1%
Industrial (general)
$6.3M
+37.8%
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 Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno 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
$5,775,000
ML approach
$5,880,000
CAP Approach
CAP Return
Estimation
6%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,555,000
Current use
MEDICAL BUILDING
$8,970,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,880,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,275,000
Change: +38% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,075,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$5,075,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$5.67M
Range $5.10M – $6.24M · ±10% · vs last sale $5.52M (Jun 24 2022)
Last sale anchor
$5.52M
Jun 24 2022
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
$127 / 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
$77,813
Tax year 2024
Assessed value
$5,706,594
Assessed 2024
Previous assessed
$5,706,594
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$816,714
Assessed improvement
$4,889,880
Applied tax rate
5.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
44,622 SF
Lot
2.12 ac (92,340 SF)
Zoning code
IL
APN
496-201-03
UPID
US09-1266277
Jurisdiction
FRESNO
Zoning & alternative use
IL · Fresno, CA
Zoning IL · permitted uses
IL · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Mhc 193 Fresno Ca LLC
Entity
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
Mhc 193 Fresno Ca LLC
—
Deed
related
$425,000,000 · Citi Real Estate Funding INC
Jul 5, 2022
—
Mhc 193 Fresno Ca LLC
—
Deed
related
$250,000,000 · Goldman Sachs Bank USA
Jun 24, 2022
$5,515,000
Mhc 193 Fresno Ca LLC
Fresno Mini Storage LLC
Grant Deed
—
Sep 9, 2020
—
Fresno Mini Storage LLC
—
Deed
related
$1,500,000 · Bank Of The West
Dec 19, 2018
—
Fresno Mini Storage LLC
—
Deed
related
$980,000 · Bank Of The West
Aug 30, 2018
$925,000
Fresno Mini Storage LLC
Rosemont Accord LLC
Grant Deed
—
Dec 29, 2017
—
Lafayette Holdings Family LP
Rosemont Accord LLC
Quit Claim Deed
related
—
Jul 24, 2015
$1,325,000
Rosemont Accord LLC
A Mini Warehouse
Grant Deed
—
—
—
Fresno Mini Storage LLC
—
Deed Of Trust
related
$980,000 · Bank Of The West
—
—
Fresno Mini Storage LLC
—
Deed Of Trust
related
$980,000 · Bank Of The West
—
—
Rosemont Accord LLC
—
Loan Modification
related
$1,000,000 · Miscellaneous Ins Co
—
—
A Mini Warehouse
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Ins Co
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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