Vacant Big Box Retail
For Sale
Contact for pricing
150 S 11th Ave, Hanford, CA 93230
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 Market191
Property Features for 150 S 11th Ave
General Information
Standard status
Active
Size
28,121 SF
Lot size
2.70 Acres
Property subtype
Retail
Investment Type
Redevelopment
Site & Location
Traffic Count
32,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 903-3399
Source:
Crexi
Added: Apr 21
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,850
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,557,000
$5.6M
Cap Rate 7%
$3,969,286
$4.0M
Cap Rate 9%
$3,087,222
$3.1M
Market Conditions
NOI Build-Up for 28,121 SF
Gross rent
$421.8K $15.00/SF
− Vacancy
−$24.9K −$0.89/SF
EGI
$396.9K $14.11/SF
− OpEx
−$119.1K −$4.23/SF
NOI
$277.8K $9.88/SF
Area
Kings County, CA
Vacancy
5.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,557,000
Cap Rate 7%
$3,969,286
Cap Rate 9%
$3,087,222
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
32,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 93230, CA
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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
