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Property profile & analytics
OFF-MARKET
Estimated value
$7,375,000
Office buildings
90 Ashlan Ave Clovis, CA 93612-5627
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-3209480
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
WOOD
Total area
40,000 SF
Lot
5.33 ac (232,174 SF)
Zoning code
CM*TWR
APN
493-070-48
UPID
US10-3209480
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 Discount Porta Potty Rental Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.67M
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$7.38M
Owner & transaction history
Moffett 259 LLC · 9 yrs held
Moffett 259 LLC
since 2017
5 recorded transactions
Zoning & alternative use
CM*TWR · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+5.8%
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%
$9,390,000
6.5%
$8,665,000
7%
$8,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,060,000
Current use
RESTAURANT
$8,525,000
Change: +6% · Conversion: Moderate
MEDICAL BUILDING
$7,805,000
Change: -3% · Conversion: Easy
RETAIL STORES
$7,765,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$7.38M
Range $6.64M – $8.11M · ±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
$184 / 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
$70,112
Tax year 2023
Assessed value
$5,600,000
Assessed 2023
Previous assessed
$5,600,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$3,600,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Stories
1
Total area
40,000 SF
Lot
5.33 ac (232,174 SF)
Zoning code
CM*TWR
APN
493-070-48
UPID
US10-3209480
Jurisdiction
FRESNO
Zoning & alternative use
CM*TWR · Clovis, CA
Zoning CM*TWR · permitted uses
CM*TWR · 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
OFFICE BUILDING Current
Est. value
$8.1M
RESTAURANT
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.8M
RETAIL STORES
Est. value
$7.8M
OFFICE BUILDING Current
RESTAURANT
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
2002
Construction
WOOD
Heating
NONE
Stories
1
Lot
5.33 ac
Current owner
From public records · entity-resolved
Moffett 259 LLC
Entity
Mailing address
1432 OLD BAYSHORE HWY, SAN JOSE, CA 95112-2813
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2017
$6,750,000
Moffett 259 LLC
River Cty Bk
Grant Deed
$4,725,000 · Kinecta FCU
Nov 2, 2009
$3,000,000
River Cty Bk
Fidelity National Title Co
Trustees Deed
related
—
May 13, 2008
—
Memphis-sce II LLC
—
Trustees Deed
related
$3,450,000 · River City Bank
Dec 30, 2004
$8,300
Memphis-sce II LLC
Clovis Call Center
Grant Deed
$3,336,478 · River City Bank
Feb 4, 2000
$549,000
Clovis Call Center
Clovis City (ca)
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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