Vacant Big Box Retail
150 S 11th Ave Hanford, CA 93230
150 S 11th Ave, Hanford, CA, 93230
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For Sale
Contact for pricing
Vacant former Big Lots big box retail building on a large parcel at a signalized hard-corner intersection.
Property Size28,121 SF
Lot Size2.70 Acres
Price / SF$140.46
Days on Market93
Property Features for 150 S 11th Ave
General Information
- Standard status
- Active
- Size
- 28,121 SF
- Lot size
- 2.70 Acres
- Property subtype
- Retail
Listing agency
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed by
Eric Carlton · License #CA 01809955
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 3:54AM Checked: Jul 22 at 3:54AM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
The property is a vacant former Big Lots big box retail asset totaling 28,121 SF, situated on a 2.7-acre parcel. The offering is positioned on a hard corner and features access directly from a signalized intersection.
Located at S 11th Avenue and W 5th Avenue in Hanford, CA, the property is adjacent to California State Route 198, which is reported to carry over 32,100 vehicles per day. It sits between Hanford’s downtown area and the 12th Avenue Retail Corridor, described as the busiest retail trade area in the county.
The 12th Avenue retail corridor is home to the 500,000 SF Hanford Mall and multiple national retailers. The property is also reported to be approximately half a mile from Adventist Health Hanford Hospital and the Smart & Final!-anchored Hanford Town Center.
Located at S 11th Avenue and W 5th Avenue in Hanford, CA, the property is adjacent to California State Route 198, which is reported to carry over 32,100 vehicles per day. It sits between Hanford’s downtown area and the 12th Avenue Retail Corridor, described as the busiest retail trade area in the county.
The 12th Avenue retail corridor is home to the 500,000 SF Hanford Mall and multiple national retailers. The property is also reported to be approximately half a mile from Adventist Health Hanford Hospital and the Smart & Final!-anchored Hanford Town Center.
Key Highlights
- 28,121 SF vacant former Big Lots big box retail building
- Located on a 2.7‑acre parcel at a signalized hard‑corner intersection of S 11th Avenue and W 5th Avenue
- Adjacent to CA‑198 with reported traffic of 32,100+ VPD
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $421.8k | $15.00 |
| − Vacancy | −$24.9k | −$0.89 |
| EGI | $396.9k | $14.11 |
| − OpEx | −$119.1k | −$4.23 |
| NOI | $277.8k | $9.88 |
28,121 SF · lease $15.00/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.97M
$3.47M – $4.63M
NOI $277,850 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$8.88M
$7.77M – $10.37M
NOI $621,919 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Big Lots
Discount Store
TNT Fireworks
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant former Big Lots big box retail building on a large parcel at a signalized hard-corner intersection.
Where is this retail space located?
The property is located at 150 S 11th Ave Hanford, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 28,121 SF vacant former Big Lots big box retail building; Located on a 2.7‑acre parcel at a signalized hard‑corner intersection of S 11th Avenue and W 5th Avenue; Adjacent to CA‑198 with reported traffic of 32,100+ VPD
