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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Flex space
721 Purvis Ave Clovis, CA 93612
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3067038
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
WOOD
Total area
8,118 SF
Lot
0.28 ac (12,150 SF)
Zoning code
M1
APN
498-120-19
UPID
US09-3067038
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
$1.40M
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.40M
Owner & transaction history
Turnkey Construction And Solar INC · 2 yrs held
Turnkey Construction And Solar INC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
M1 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+100.1%
Office building
$1.6M
+89.2%
Medical building
$1.6M
+83.1%
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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
RESTAURANT
$1,730,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$1,635,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$1,585,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,575,000
Change: +82% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,190,000
Change: +38% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Apr 18 2024)
Last sale anchor
$1.40M
Apr 18 2024
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
$172 / 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
$9,858
Tax year 2024
Assessed value
$836,400
Assessed 2024
Previous assessed
$836,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$147,900
Assessed improvement
$688,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,118 SF
Lot
0.28 ac (12,150 SF)
Zoning code
M1
APN
498-120-19
UPID
US09-3067038
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Clovis, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Turnkey Construction And Solar INC
Entity
Mailing address
7257 N MAPLE AVE STE #108, FRESNO, CA 93720-0167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Turnkey Construction And Solar INC
Turnkey Construction And Solar INC
Intrafamily Transfer
related
—
Dec 30, 2022
$1,400,000
Turnkey Construction And Solar INC
Criss K Cruz
Grant Deed
$1,554,400 · Fresno First Bank
May 18, 2015
—
Criss K Cruz
Cruz Family Trust
Quit Claim Deed
related
—
Apr 14, 2010
—
Cruz Family Trust
Cruz Family Trust
Quit Claim Deed
related
—
Jan 8, 2003
—
Cruz,tr
Cruz,gilbert & Dorothy
Quit Claim Deed
related
—
Dec 11, 2000
—
Gilbert L Cruz
—
Deed Of Trust
related
$1,800,000 · Clovis City (ca)
Jun 30, 1998
$92,000
Gilbert L Cruz
Suburban Propane LP
Grant Deed
—
Apr 2, 1996
—
Suburban Propane LP
Quantum Chemical Corp
Grant Deed
related
—
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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