Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2702 Alluvial Ave Clovis, CA 93611

    • Commercial land
    • 0.95 lot acres
    For Sale
    View listing
    Last Sale
    Apr 15, 2022
    $4,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5496626
    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

    • Commercial land

    Property Details for 2702 Alluvial Ave

    Lot size
    0.95 lot acres
    Zone code
    PCC
    Property type
    Commercial land
    APN
    564-110-10
    APU
    56411010

    Description

    This exceptional 5.38-acre commercial land parcel presents a unique investment opportunity in the thriving northeast Clovis, California market. Strategically located on the southeast corner of Temperance Avenue and Alluvial Avenue (near Owens Mountain Parkway and Highway 168), this site benefits from unparalleled accessibility and visibility. The property's prime location is further enhanced by its proximity to the significant $430 million expansion of Clovis Community Hospital, ensuring a robust and growing customer base. Highway 168 provides seamless regional connectivity, amplified by a full interchange at Temperance Avenue. The surrounding area boasts impressive demographics, showcasing a remarkable 79.5% population growth since 2000 and an average household income exceeding $137,458 within a 3-mile radius. This presents a compelling opportunity for developers seeking to capitalize on the high-growth potential of this area. The expansive lot size allows for a diverse range of development possibilities, including restaurants, retail spaces, office buildings, or service-oriented businesses. The address is 2702 Alluvial Ave, Clovis, CA 93611, in Fresno County. This is a rare chance to acquire a significant land holding in one of California's fastest-growing communities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.663
    Latitude
    36.8456
    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
    2023
    $10,669
    $867,000
    $0.00
    $867,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      2330 Alluvial Ave

      VACANT COMMERCIAL LAND • 5.00 Acres
      2330 Alluvial Ave, Clovis, CA 93611-9586
      View Details
    • Value Estimation by Request
      5.02 Acres

      691 Armstrong Ave

      VACANT COMMERCIAL LAND • 5.02 Acres
      691 Armstrong Ave, Clovis, CA 93611-9591
      View Details
    • Value Estimation by Request
      2.51 Acres

      570 Clovis Ave

      VACANT COMMERCIAL LAND • 2.51 Acres
      570 Clovis Ave, Clovis, CA 93611-0309
      View Details
    • Value Estimation by Request
      1.17 Acres

      Clovis, CA 93611

      VACANT COMMERCIAL LAND • 1.17 Acres
      Clovis, CA 93611
      View Details
    • Value Estimation by Request
      1.08 Acres

      Clovis, CA 93611

      VACANT COMMERCIAL LAND • 1.08 Acres
      Clovis, CA 93611
      View Details
    • Value Estimation by Request
      1.58 Acres

      1853 Shaw Ave

      VACANT COMMERCIAL LAND • 1.58 Acres
      1853 Shaw Ave, Clovis, CA 93611-4030
      View Details

    Similar Nearby for Sale

    • $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
    • $750,000

      Clovis Land Parcel For Sale

      1.15 acre commercial land parcel in Clovis, California.
      2351 Tollhouse Rd, Clovis, CA 93611
      View Details
    • $725,000

      Commercial Land on Shaw Avenue

      Excellent location with potential for various commercial uses.
      1750 Shaw Ave, Clovis, CA 93611
      View Details
    • $1,195,000

      Clovis Land Near Freeway 168

      2-acre parcel near Freeway 168 with mixed-use potential.
      2401 Tollhouse Rd, Clovis, CA 93611
      View Details
    • Contact for pricing
      5.38 Acres

      Clovis Mixed-Use Development Land

      5.38 Acres, High-Growth Clovis Location
      2702 Alluvial Ave, Clovis, CA 93611
      View Details
    • $2,097,000

      Clovis Commercial Land - $2M

      Prime 3.21-acre commercial lot in Clovis, CA.
      1860 Shaw Ave, Clovis, CA 93611
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      57,063 SF

      Clovis Commercial Land Lease Opportunity

      Prime Clovis location, 1.31 acres, high traffic.
      1515 Herndon Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      8,400 SF

      Clovis Office/Retail Space Available

      Prime Clovis location, 8,400 sq ft available.
      2683 Owens Mountain Pkwy, Clovis, CA 93611
      View Details
    • $1.00 SF/Yr
      4,950 SF

      Automotive Repair Space in Clovis

      Automotive repair space for lease with freeway access.
      177 N Sunnyside Ave, Clovis, CA 93611
      View Details
    • Contact for pricing
      20,000 SF

      Clovis Retail Pads - Herndon & Fowler

      Prime Clovis retail space, build-to-suit options.
      0 Sec Of Herndon & Fowler Ave, Clovis, CA 93611
      View Details
    • $2 SF/Yr

      Modern Office Space in Clovis

      Office space in Greyhawk Business Park, near major medical facilities.
      930 N Temperance 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2702 Alluvial Ave
    Clovis, CA 93611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.