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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Medical Office Space
Clovis, CA 93612
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4916552
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
TILT-UP CONCRETE
Total area
3,708 SF
Lot
0.22 ac (9,425 SF)
Zoning code
C2
APN
491-231-28
UPID
US09-4916552
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
$405k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$670k
Owner & transaction history
Kawano Properties · 5 yrs held
Kawano Properties
since 2020
7 recorded transactions
Zoning & alternative use
C2 · Clovis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+3.3%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$725,000
Current use
OFFICE BUILDING
$745,000
Change: +3% · Conversion: Easy
RETAIL STORES
$720,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$181 / 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
$18,499
Tax year 2023
Assessed value
$1,560,712
Assessed 2023
Previous assessed
$1,560,712
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$156,172
Assessed improvement
$1,404,540
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
3,708 SF
Lot
0.22 ac (9,425 SF)
Zoning code
C2
APN
491-231-28
UPID
US09-4916552
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Clovis, CAZoning C2 · permitted uses
C2 · 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
MEDICAL BUILDING Current
Est. value
$725,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$720,000
MEDICAL BUILDING Current
OFFICE 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
2020
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kawano Properties
Entity
Mailing address
149 N CLOVIS AVE, CLOVIS, CA 93612-0304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2020
—
Kawano Properties
—
Deed
related
$715,000 · Bank Of The Sierra
Aug 12, 2020
—
Kawano Properties
Kelvin H Kawano
Quit Claim Deed
$715,000 · Bank Of The Sierra
Oct 31, 2018
—
Kelvin H Kawano
—
Deed Of Trust
related
$715,000 · Bank Of The Sierra
Aug 31, 2016
$140,000
Kelvin H Kawano
Areekoset,ophas & Suphannee
Grant Deed
—
Dec 18, 2014
—
Kenneth E Klassen
Klassen,anita
Quit Claim Deed
related
—
Dec 18, 2014
$85,000
Ophas Areekoset
Klassen,kenneth E
Grant Deed
—
Mar 23, 2011
—
Kenneth E Klassen
Witte,jeffrey F & Sandra S
Grant Deed
—
Jun 12, 2007
—
Klassen,kenneth E
Klassen,anita M
Quit Claim Deed
related
—
Jun 1, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Kelvin H Kawano
—
Deed Of Trust
related
$463,000 · Bank Of The Sierra
—
—
Kawano Properties
—
Deed Of Trust
related
$715,000 · Bank Of The Sierra
—
—
Kelvin H Kawano
—
Loan Modification
related
$715,000 · Bank Of The Sierra
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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