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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Apartment buildings
69 Beverly Dr 101 Clovis, CA 93612-2441
Entity Owned
1-yr Hold
Property ID
US09-2956357
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
4,160 SF
Lot
0.31 ac (13,500 SF)
Zoning code
R2
APN
497-160-09
UPID
US09-2956357
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Covarrubias Properties INC · 1 yrs held
Covarrubias Properties INC
since 2025
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
R2 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+137.5%
Office building
$840,000
+53.6%
Medical building
$810,000
+48.6%
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
$1,075,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,295,000
Change: +137% · Conversion: Moderate
OFFICE BUILDING
$840,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$810,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$805,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.10M (Jul 28 2023)
Last sale anchor
$1.10M
Jul 28 2023
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
$263 / 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
$4,963
Tax year 2023
Assessed value
$412,739
Assessed 2023
Previous assessed
$412,739
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$78,085
Assessed improvement
$334,654
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 (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
5
Bathrooms
5
Total area
4,160 SF
Lot
0.31 ac (13,500 SF)
Zoning code
R2
APN
497-160-09
UPID
US09-2956357
Jurisdiction
FRESNO
Zoning & alternative use
R2 · Clovis, CAZoning R2 · permitted uses
R2 · Clovis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$840,000
MEDICAL BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$805,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
5
Bathrooms
5
Lot
0.31 ac
Current owner
From public records · entity-resolved
Covarrubias Properties INC
Entity
Mailing address
9280 E MCKINLEY AVE, FRESNO, CA 93737-9726
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Covarrubias Properties INC
Rogelio Jesus Covarrubias Marron
Quitclaim Deed
related
$852,171 · Vontive INC
Jun 28, 2024
—
Covarrubias Properties INC
—
Deed
related
$500,000 · Mid Valley Services INC
Mar 12, 2024
—
Covarrubias Properties INC
—
Deed
related
$285,000 · Mid Valley Services INC
Jul 28, 2023
$1,100,000
Covarrubias Properties INC
Shulan Deng
Grant Deed
$1,160,000 · Mid Valley Services INC
Jan 5, 2017
$370,000
Shulan Deng
Eddie Sandoval
Grant Deed
$200,000 · Us Bank NA
May 24, 2007
—
Eddie Sandoval
Sandoval,eddie
Quit Claim Deed
related
$275,000 · Shearson Home Loans INC
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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