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Property profile & analytics
OFF-MARKET
Estimated value
$7,765,000
Apartment buildings
647 Barstow Ave Clovis, CA 93612-1549
Trust Owned
9-yr Hold
Absentee Owner
Property ID
US09-3042605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1970
Construction
WOOD
Total area
88,304 SF
Lot
4.36 ac (189,921 SF)
Zoning code
R4
APN
420-064-01
UPID
US09-3042605
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
-
Clovis Courtyard Apartment Complex
-
affordable housekeeping Hardware & Home Improvement
-
NOBS Clothing & Fashion Store
-
Miracle Carpet Care & Cleaning Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.69M
Blend (final)
Blend
$7.77M
Owner & transaction history
Callegari Family 2002 Trust · 9 yrs held
Callegari Family 2002 Trust
since 2016
7 recorded transactions
Zoning & alternative use
R4 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,590,000
Current use
INDUSTRIAL (GENERAL)
$9,405,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.77M
Range $6.99M – $8.54M · ±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
$88 / 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
$63,103
Tax year 2023
Assessed value
$5,234,494
Assessed 2023
Previous assessed
$5,234,494
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$744,193
Assessed improvement
$4,490,301
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
2
Units
110
Bathrooms
1
Total area
88,304 SF
Lot
4.36 ac (189,921 SF)
Zoning code
R4
APN
420-064-01
UPID
US09-3042605
Jurisdiction
FRESNO
Zoning & alternative use
R4 · Clovis, CA
Zoning R4 · permitted uses
R4 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.6M
INDUSTRIAL (GENERAL)
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1970
Construction
WOOD
Heating
NONE
Stories
2
Units
110
Bathrooms
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Callegari Family 2002 Trust
Trust
Mailing address
3731 PLEASANT VIS DR, SAN JOSE, CA 95148-1903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2016
$3,925,000
Callegari Family 2002 Trust
Leal Family 2002 Trust
Grant Deed
related
$5,000,000 · Central St Cu
Jan 22, 2003
—
Arthur S Leal
Web Service Co INC
Quit Claim Deed
related
$2,400,000 · Washington Mutual Fsb
May 16, 2002
—
Leal Trust
Leal,arthur S & Maria D
Quit Claim Deed
related
—
Oct 6, 2000
—
Arthur S Leal
Portland Pacific Properties
Grant Deed
$1,865,500 · Washington Mutual Fsb
Jul 16, 1998
$646,000
Portland Pacific Properties Ll
L H & G Lima
Grant Deed
$365,702 · Individual
Apr 4, 1996
$2,337,000
J H Lima
Oak Esatview INC
Grant Deed
—
Nov 14, 1995
—
Oak Eastview INC
Web Service Company INC
Quit Claim Deed
related
$612,500 · Bank Of The West
Jun 29, 1990
$291,500
Peter Holzner
Transwest,accomm
Grant Deed
related
—
—
—
Leal Family 2002 Trust
—
Deed Of Trust
related
$35,000 · Maria C Silveira
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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