Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    724 Grace Ct Corcoran, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    0.413 acres of land with easy highway access.

    Type:LAND
    Lot size:
    0.41 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    371
    Last Refresh:
    Mar 29 at 10:56 pm

    Property Features for 724 Grace Ct

    General Information

    Standard status
    Active
    Lot size
    0.41 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis

    Listing office KW Commercial | Central California

    Listing date Mar 27, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Central California

    Overview

    Level Land in Secure Location

    This property features approximately 0.413 acres of level land in a secure location. The lot measures 90 feet wide by 200 feet deep, totaling approximately 18,000 square feet. It offers easy access and is conveniently located with quick access to Highway 43 and Highway 137. North and South bound freeways are nearby, providing central access to Fresno and Bakersfield. The property also offers quick access to Flory Ave and is situated close to Flory Ave Park. Furthermore, it allows for quick access to Hanford, Porterville, and Visalia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Corcoran
    County
    Tulare
    State
    California
    Longitude
    -119.56
    Latitude
    36.098

    Nearby Similar for Sale

    • $89,900

      Residential Land in Corcoran, CA

      Two combined lots totaling 27,188 SF ready to build.
      2006 Josephine Avenue lot: 16, Corcoran, CA 93212
      View Details
    • $82,900

      Corner Lot in Corcoran, CA

      Corner lot near schools, potential for two houses.
      1766 North Avenue, Corcoran, CA 93212
      View Details
    • $115,000

      Spacious Corner Lot in Corcoran

      Large corner lot with potential for multi-family or investment property.
      Branum & Olympic Avenue, Corcoran, CA 93212
      View Details
    • $115,000

      Corner Lot in Corcoran, CA

      Spacious corner lot with potential for customization and division.
      999 Branum & Olympic, Corcoran, CA 93212
      View Details
    • $899,000

      35 Acres Residential Land Opportunity

      Residential land in Corcoran, CA, suitable for multifamily development.
      0 W Sherman, Corcoran, CA 93212
      View Details
    • $80,000

      Vacant Land in Corcoran, CA

      Vacant land with utilities in a great location.
      1530 Ottawa, Corcoran, CA 93212
      View Details
    • $3,700,000

      Corcoran Agricultural Land For Sale

      345.93 acres of agricultural land in Corcoran, California.
      4645 Ave 120, Corcoran, CA 93212
      View Details
    • $150,000
      1,588 SF

      Profitable Market in Corcoran, CA

      Established convenience store with steady income and long-term lease.
      2024 Garvey Ave, Corcoran, CA
      View Details
    • $2,530,000
      15,000 SF

      Corcoran Industrial Land with Buildings

      30.65 acres with 15,000 SF buildings in Corcoran, CA.
      2323 Dairy Ave, Corcoran, CA
      View Details

    FAQs

    What type of property is this?
    Land - 0.413 acres of land with easy highway access.
    Where is this land located?
    The property is located at 724 Grace Ct Corcoran, CA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Centrally located between Fresno and Bakersfield.; Quick access to Highway 43 & Highway 137.; **±0.413 acres of level land (90' x 200').**
    (559) 705-1000
    We can help!
    Listing Contact
    Jared Ennis
    Jared Ennis
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!