| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 70th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1994 Shaw Ave, Clovis, CA, 93611, US |
| Region / Metro | Clovis |
| Year of Construction | 2000 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1994 Shaw Ave, Clovis CA Multifamily Investment
Neighborhood occupancy remains tight with strong incomes, pointing to stable renter demand according to WDSuite’s CRE market data. The location’s A+ inner-suburb fundamentals support consistent leasing and retention for a 60-unit asset.
Located in Clovis’s A+ rated inner suburb, the surrounding neighborhood ranks 4th among 246 Fresno metro neighborhoods, signaling top-tier fundamentals for multifamily. Neighborhood occupancy is in the top quartile nationally, which supports steady leasing conditions; this is a neighborhood statistic, not the property’s occupancy.
Daily needs are well covered: grocery access sits in the top quartile nationally, with restaurants, cafes, parks, and childcare also benchmarking strong versus U.S. neighborhoods. One gap to note is limited nearby pharmacies, which may modestly influence convenience-based retention. Average school ratings are competitive (top quartile nationally), a factor that can bolster family renter interest and lease stability.
Tenure patterns vary by lens. Within the immediate neighborhood, the share of renter-occupied housing units is relatively low, indicating a more owner-occupied setting. However, within a 3-mile radius, renters account for a meaningful share of housing, providing a broader tenant base for multifamily demand. Elevated home values locally point to a high-cost ownership market, which can sustain reliance on rental options and support pricing power over time.
Demographics aggregated within a 3-mile radius show recent population and household growth, with projections indicating further increases in households alongside slightly smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability. The building stock in this neighborhood skews relatively modern; with a 2000 construction year, the subject asset is slightly older than the neighborhood average, suggesting light modernization or systems updates could enhance competitive positioning without requiring a full repositioning. For investors conducting commercial real estate analysis, these trends collectively indicate durable demand drivers with selective asset-level upside.
Safety indicators compare favorably on a national basis. Neighborhood-level measures benchmark around the 80th percentile or better nationwide, indicating comparatively lower incidence versus many U.S. neighborhoods. This is a neighborhood view, not a block-level assessment.
Recent trend data also show a pronounced decline in property offenses year over year, which ranks among the strongest improvements nationally. While conditions can vary by micro-location and over time, the combination of favorable national standing and improving trends supports an investor view of manageable safety risk relative to comparable metros.
Regional food processing employment provides a stable base that can support workforce housing and commute convenience for renters, led by Con Agra Foods within regional driving distance.
- Con Agra Foods — food processing (29.9 miles)
This 60-unit, 2000-vintage asset sits within an A+ inner-suburb neighborhood where neighborhood occupancy trends are strong and daily-life amenities are well covered. Elevated household incomes and a high-cost ownership landscape reinforce renter reliance on multifamily, helping support pricing power and retention. Based on CRE market data from WDSuite, the neighborhood benchmarks in the top quartile nationally for occupancy and schools, aligning with stable demand conditions rather than lease-up volatility.
Within a 3-mile radius, population and household counts have expanded and are projected to grow further, with smaller average household sizes pointing to more households and a larger renter pool over time. The property’s 2000 vintage suggests light value-add through modernization and systems updates can sharpen its competitive edge against newer stock. Key watchpoints include a more owner-occupied immediate neighborhood and limited pharmacy access, both manageable with targeted leasing and amenity strategies.
- Top-tier neighborhood fundamentals with strong occupancy and school benchmarks
- High household incomes and elevated ownership costs support multifamily demand and retention
- 3-mile growth and projected renter pool expansion underpin leasing stability
- 2000 vintage offers selective value-add via interior refresh and systems updates
- Risks: lower renter concentration in immediate area and limited pharmacy access