Freestanding Retail Building For
703 W Lacey Blvd Hanford, CA
For Sale
Contact for pricing
16,750 SF retail building with high visibility and access.
Property Size16,750 SF
Lot Size1.47 Acres
Price / SF$229.85
Days on Market273
Property Features for 703 W Lacey Blvd
General Information
- Standard status
- Active
- Size
- 16,750 SF
- Lot size
- 1.47 Acres
- Property subtype
- RETAIL
Listing Agency:
Colliers | Fresno
(559) 269-6753
Listed By:
Ted Fellner · License #00977465
(559) 269-6753
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:28AM
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 | Fresno
Investment Insights
Based on property information with market context.
This is a freestanding building with approximately 16,750 square feet of retail space. The property benefits from excellent visibility and access, along with ample parking. It is located at a high-traffic, signalized intersection with an average daily traffic count of approximately 40,000 vehicles.
Key Highlights
- Freestanding building with approximately 16,750 square feet
- High traffic, signalized intersection (±40,000 ADT)
- Excellent visibility
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 | $251.3k | $15.00 |
| − Vacancy | −$14.8k | −$0.89 |
| EGI | $236.4k | $14.11 |
| − OpEx | −$70.9k | −$4.23 |
| NOI | $165.5k | $9.88 |
16,750 SF · lease $15.00/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.36M
$2.07M – $2.76M
NOI $165,498 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.29M
$4.63M – $6.17M
NOI $370,440 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 16,750 SF retail building with high visibility and access.
Where is this retail space located?
The property is located at 703 W Lacey Blvd Hanford, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Freestanding building with approximately 16,750 square feet; High traffic, signalized intersection (±40,000 ADT); Excellent visibility
