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

    400 Follett St Lemoore, CA 93245

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,500,000

    32,000 sqft building in Downtown Lemoore, California.

    Lot size:
    0.44 Acres

    Property Features for 400 Follett St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.44 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Valerie Walla
    Source: Elliman

    Listing Agency: Century 21 Masters Listing Agent: Valerie Walla

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

    Learn more

    Overview

    Downtown Lemoore Theater For Sale

    This is an approximately 32,000 sqft building located in Downtown Lemoore. Currently operating as a 10-screen stadium movie theater, the property is zoned Downtown Mixed-Use. This zoning allows for a wide range of uses including retail, professional office, hospitality, or residential. The building features a partial second story, offering additional development potential. Constructed with 8-inch concrete block walls grouted solid, the building provides soundproofing and structural integrity. The property includes 782 solar panels for utility savings. The property is located near Leprino Foods and the Lemoore Naval Air Station. This versatile layout and sustainable features make this property suitable for investors, developers, and entrepreneurs.
    Location Intelligence

    Current Use by Public Records

    Lemoore Stadium Cinemas Cinema

    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
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.7833495
    Latitude
    36.3033749

    Nearby Similar for Sale

    • $1,180,000
      73.82 Acres

      Productive Farmland in Lemoore, CA

      73.82 acres of vacant farmland with reliable water delivery.
      9368 22Nd Ave, Lemoore, CA 93245
      View Details
    • $595,000
      7,352 SF

      Mixed-Use Building with Tenant

      Freestanding mixed-use building with tenant and warehouse space for sale.
      201 E St, Lemoore, CA 93245
      View Details
    • $695,000
      9,170 SF

      Freestanding Commercial Storefront and Warehouse

      9,170 SF building with retail, office, and warehouse spaces.
      333 Fox St, Lemoore, CA 93245
      View Details
    • $695,000
      11,475 SF

      Downtown Lemoore Freestanding Retail Building

      Freestanding retail/office building in downtown Lemoore, CA for sale.
      339 W D St, Lemoore, CA 93245
      View Details
    • $415,000
      5,347 SF

      Industrial Warehouse Building For Sale

      5,347 SF industrial warehouse with roll-up doors in Lemoore, CA.
      203 E St, Lemoore, CA 93245
      View Details
    • Contact for pricing
      7,489 SF

      NNN Retail Opportunity For Sale

      Single tenant NNN retail building with high profile opportunity.
      155 S 19Th Ave, Lemoore, CA 93245
      View Details
    • $6,500,000

      Downtown Lemoore Theater For Sale

      32,000 sqft theater in Downtown Lemoore with development potential.
      400 Follett St, Lemoore, CA 93245
      View Details
    • Contact for pricing
      27,735 SF

      New Industrial Building For Sale

      Modern industrial building constructed in 2022 with flexible production space.
      1156 S Commerce Way, Lemoore, CA
      View Details
    • $795,000
      9,118 SF

      Lemoore Retail Center - High Traffic Area

      9,170 SF Retail/Warehouse, Multi-Tenant Income
      333 Fox St, Lemoore, CA 93245
      View Details
    • $675,000
      7,352 SF

      Lemoore Retail Investment Opportunity

      7,352 SF Storefront, High Visibility
      201 E St, Lemoore, CA 93245
      View Details
    • $449,000
      5,347 SF

      Lemoore Industrial Investment

      Downtown Lemoore: 5,347 SF Warehouse
      203 E St, Lemoore, CA 93245
      View Details
    • $2,436,452
      7,489 SF

      Lemoore Dollar General Retail Investment

      High-yield, single-tenant net lease property.
      155 19Th Ave, Lemoore, CA 93245
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - 32,000 sqft building in Downtown Lemoore, California.
    Where is this theater & concert hall located?
    The property is located at 400 Follett St Lemoore, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - 32,000 sqft building with Downtown Mixed-Use zoning for diverse redevelopment.; - Benefit from **significant utility savings** with 782 solar panels.; - Superior soundproofing & structural integrity thanks to 8-inch grouted solid concrete block wall construction.
    (805) 541-1921
    Request Owner's contact information
    400 Follett St Lemoore, CA 93245
    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.
    400 Follett St
    Lemoore, CA 93245
    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
    400 Follett St Lemoore, CA 93245
    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

    We can help!
    Listing Contact
    Valerie Walla
    Real Estate License ID: 02217940
    (805) 541-1921 (805) 853-8318 (780) 460-8558
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!