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    Property profile & analytics

    525 Herndon Ave Clovis, CA 93612-0106

    • Auto shops
    • 8,192 SF
    • 12.72 lot acres
    OFF-MARKET
    Value Estimations
    $1,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4208413
    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

    • Discount Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • America’s Tire Store / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • America's Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 525 Herndon Ave

    Year built
    2022
    Construction
    TILT-UP CONCRETE
    Lot size
    12.72 lot acres
    Property size
    8,192 SF
    Zone code
    PCC
    Property type
    Auto shops
    APN
    561-260-12
    APU
    56126012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,234,000
      Market price range: $358k - $1.23M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,205,000
      Current use
      RESTAURANT
      $1,745,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $1,650,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $1,600,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $1,590,000
      Change: +32% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,075,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Fresno
    State
    California
    Longitude
    -119.724
    Latitude
    36.8389
    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
    $95,099
    $5,185,896
    $1,800,000
    $6,985,896
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,235,000
      55,116 SF

      961 Shaw Ave

      AUTO REPAIR, GARAGE • 55,116 SF
      961 Shaw Ave, Clovis, CA 93612-3203
      View Details
    • Value Estimation
      $5,690,000
      46,106 SF

      920 Shaw Ave

      AUTO REPAIR, GARAGE • 46,106 SF
      920 Shaw Ave, Clovis, CA 93612-3202
      View Details
    • Value Estimation
      $1,150,000
      7,410 SF

      361 Minnewawa Ave

      AUTO REPAIR, GARAGE • 7,410 SF
      361 Minnewawa Ave, Clovis, CA 93612-0208
      View Details
    • Value Estimation
      $1,400,000
      2,758 SF

      2121 Villa Ave

      AUTO REPAIR, GARAGE • 2,758 SF
      2121 Villa Ave, Clovis, CA 93612-3623
      View Details
    • Value Estimation
      $2,110,000
      2,036 SF

      240 Ashlan Ave

      AUTO REPAIR, GARAGE • 2,036 SF
      240 Ashlan Ave, Clovis, CA 93612-5615
      View Details
    • Value Estimation by Request
      5,930 SF

      735 Barstow Ave

      AUTO REPAIR, GARAGE • 5,930 SF
      735 Barstow Ave, Clovis, CA 93612-2239
      View Details

    Similar Nearby for Sale

    • $800,000
      Pending

      Clovis Commercial Property For Sale

      Commercial property in Clovis, CA, with automotive and retail potential.
      707 Jefferson Ave, Clovis, CA 93612
      View Details
    • $12,600,000
      69,623 SF

      Bonanza Shopping Center: Clovis, CA

      Grocery-anchored retail center; high growth market.
      1830 Clovis Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      12,250 SF

      Retail Building in Clovis, CA

      12,250 SF retail building with nine tenants for sale.
      240 W Shaw Ave, Clovis, CA 93612
      View Details
    • $3,250,000

      Clovis Retail/Office Building

      Prime Clovis location, 20,400 SF, sale/lease.
      384 Ashlan Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      1,371 SF

      Clovis Condominium with Upgrades

      Rare 3-bedroom Clovis condo with remodeled kitchen and community amenities.
      1454 Mayflower Way, Clovis, CA 93612
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      Industrial Land with Utilities

      Prime industrial land ready for development with utilities in place.
      980 San Jose Ave, Clovis, CA 93612
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    Similar Nearby for Lease

    • Contact for pricing
      26,783 SF

      Village Square Retail Space in Clovis

      Prime Clovis retail space available.
      30 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      688,725 SF

      1050 Shaw Ave

      Shopping malls • 688,725 SF
      1050 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      116,642 SF

      Sierra Vista Mall Retail Space

      Retail space available in Sierra Vista Mall, Clovis, CA.
      1140 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Sierra Vista

      Retail space available within a large shopping mall complex.
      1260 Shaw Ave, Clovis, CA 93612
      View Details
    • Contact for pricing
      2,119 SF

      Available Retail and Office Space

      Executive office, retail, and end cap space for lease.
      150-198 Shaw Ave, Clovis, CA 93612
      View Details
    • $1.50 SF/Yr
      5,780 SF

      Renovated Shopping Center Spaces Available

      Prime shopping center spaces with high traffic and visibility.
      494 W Shaw Ave, Clovis, CA 93612
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      3.5k
    • Avg Time on site
      31 min
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    525 Herndon Ave
    Clovis, CA 93612-0106
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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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