Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hanford Multifamily Investment Opportunity Title is generated by Realmo AI

    11544 S 10th Avenue, Hanford, CA 93230

    View on Map
    Claim this Listing
    For Sale
    $1,400,000

    MULTI_FAMILY - Hanford, CA

    Property size:
    4,178 SF
    Lot size:
    19.40 Acres
    Price / SF:
    $335/SF
    Added:
    May 3, 2021
    Days on Market:
    1847
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 11544 S 10th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    8
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 7, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 10, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 6, Bathroom 8, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 9
    Patio and Porch features
    Porch
    Appliances
    Free-Standing Range
    Standard status
    Active
    APN
    011-440-010-000
    Size
    4,178 SF
    Lot size
    19.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central, Forced Air
    Cooling system
    Central Air, Electric
    Water source
    Public, Well

    Building Details

    Year built
    1931
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile - Ceramic
    Building materials
    Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Matt Thompson

    Listing agent Matt Thompson License #01081237

    Listing office Century 21 Jordan-Link & Company 2300 W Whitendale Ave, Visalia, CA

    Listing date May 3, 2021

    MLS# 210803 Listing URL

    Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great investment opportunity: 4 updated units on a large 19.4‑acre lot.
    • Zoned RM15: Allows for potential development or expansion possibilities.
    • Updated units: Each dwelling features tile flooring, dual pane windows, and air conditioning.
    • Tenants pay all utilities, maximizing owner revenue.
    • A 5th dwelling offers potential for remodeling and increased income.
    • Water District Water: Reliable water source for all units.

    Overview

    This multifamily property in Hanford, California, presents an investment opportunity with four updated units situated on 19.4 acres. The property is zoned RM15 and benefits from water district water. Each dwelling has been updated with tile flooring, dual pane windows, and air conditioning. There is also a fifth dwelling on the property that could be remodeled. Tenants are responsible for all utility payments. The property includes two 3-bedroom, 2-bath units, each measuring 1284 square feet, and two 2-bedroom, 2-bath units, each measuring 805 square feet. The total property size is 4178 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Skin Care Clinic Auto Repair Shop Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.639217
    Latitude
    36.305063

    Nearby Similar for Sale

    • $260,000
      1,375 SF

      Hanford Office/Residential Zoned Property

      Office/Residential zoned property featuring open space, basement, and large backyard.
      211 Keith Street, Hanford, CA 93230
      View Details
    • $1,199,000
      4,480 SF

      Hanford Commercial Daycare Opportunity

      Daycare business opportunity in the heart of Hanford, California.
      865 E Grangeville Boulevard, Hanford, CA 93230
      View Details
    • $80,000

      Hanford Commercial Property For Sale

      Commercial property in Hanford, CA, zoned for multiple uses.
      908 N Douty Street, Hanford, CA 93230
      View Details
    • $430,000
      2,077 SF

      Hanford Triplex Investment Opportunity

      Triplex in Hanford, CA, ideal for rental business.
      2011 N Parker Place, Hanford, CA 93230
      View Details
    • $595,000
      3,206 SF

      Victorian Quadruplex in Downtown Hanford

      Downtown Hanford quadruplex with seller financing and desirable amenities.
      132 E 10th Street, Hanford, CA 93230
      View Details
    • $749,900
      7,606 SF

      Industrial Building on 1.78 Acres

      Industrial building with warehouse, office space, and fenced yard.
      415 W 3rd St, Hanford, CA, 93230-5014
      View Details
    • $1,745,454
      2,013 SF

      Hanford, CA Starbucks Investment Opportunity

      Corporately guaranteed Starbucks in Hanford, CA with drive-thru.
      550 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $4,185,000
      22,624 SF

      Hanford Retail Anchor Space Available

      22,624 SF retail space in Hanford Towne Center.
      510-826 N 11th Ave, Hanford, CA
      View Details
    • $450,000
      3,600 SF

      LAND - Hanford, CA

      211 E 7th Street lot: 24, Hanford, CA 93230
      View Details
    • $1,625,000
      21,450 SF

      Leased Commercial Building Investment Opportunity

      Leased freestanding commercial building with high visibility and upside potential.
      208 N Douty St, Hanford, CA
      View Details
    • $625,000
      9,338 SF

      Downtown Hanford Retail Space For Sale

      Prime retail space in historic downtown Hanford, California.
      216 N Irwin St, Hanford, CA
      View Details
    • $2,017,552
      4,939 SF

      NNN Property with High Cap

      NNN property with a 5.90% cap rate for sale.
      427 W Lacey Blvd, Hanford, CA 93230
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four updated units on 19.4 acres, potential for fifth unit.
    Where is this quadplex located?
    The property is located at 11544 S 10th Avenue Hanford, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Great investment opportunity: 4 updated units on a large 19.4‑acre lot.; Zoned RM15: Allows for potential development or expansion possibilities.; Updated units: Each dwelling features tile flooring, dual pane windows, and air conditioning.
    (559) 936-7545
    We can help!
    Listing Contact
    Matt Thompson
    Real Estate License ID: 01081237
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11544 S 10th Avenue, Hanford, CA 93230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!