Freestanding Retail Building For
For Sale
Contact for pricing
703 W Lacey Blvd, Hanford, CA
16,750 SF retail building with high visibility and access.
Property Size16,750 SF
Lot Size1.47 Acres
Price / SF$229.85
Days on Market367
Property Features for 703 W Lacey Blvd
General Information
Standard status
Active
Size
16,750 SF
Lot size
1.47 Acres
Property subtype
RETAIL
Properties For Sale
at 703 W Lacey Blvd
707 W Lacey Blvd
AVAILABLE, Now
Floor
Bldg
Size
16,750 SF
Type
RETAIL
Sublease
No
- Approximately 16,750 square foot freestanding building
- Excellent visibility and access
- Ample parking available
- High traffic, signalized intersection (±40,000 ADT)
Contact us
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Ted Fellner · License #00977465
(559) 269-6753
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Oct 26
Last Checked: Oct 26 at 8:15PM
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
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$165,498
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,309,960
$3.3M
Cap Rate 7%
$2,364,257
$2.4M
Cap Rate 9%
$1,838,867
$1.8M
Market Conditions
NOI Build-Up for 16,750 SF
Gross rent
$251.3K $15.00/SF
− Vacancy
−$14.8K −$0.89/SF
EGI
$236.4K $14.11/SF
− OpEx
−$70.9K −$4.23/SF
NOI
$165.5K $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%
$3,309,960
Cap Rate 7%
$2,364,257
Cap Rate 9%
$1,838,867
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,059
Businesses Nearby
Explore this area
Business Placement
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 - 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
