Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fargo Ave Hanford, CA 93230
    Back to Search
    Property profile & analytics

    Fargo Ave, Hanford, CA 93230

    View on Map
    • Land
    • 45.65 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fargo Ave

    Lot size
    45.65 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 45.65-acre property, located northwest of the intersection of 14th Avenue and Geneva Avenue in Hanford, California (zip code 93230), presents a remarkable opportunity. Currently planted with walnut trees, this land offers diverse potential uses, including a stunning country homesite or expansion of an existing agribusiness. The property boasts a reliable water supply, featuring both well and ditch water sources. A well, approximately 60-70 feet deep, provides 50 gallons per minute via a 5-7 horsepower pump (condition: fair). Surface water is accessed via an easement on the east branch of the Last Chance Water Ditch Company canal. The property is situated within the Kings County Water District and the Mid-Kings River GSA. Detailed soil information is available in separate soil maps and descriptions. The Kings County APN is 005-030-003. Note that the property is subject to the Sustainable Groundwater Management Act (SGMA), which mandates sustainable groundwater basins by 2040 and requires Groundwater Sustainability Plans (GSPs) by 2020. These plans may impose limitations on groundwater pumping. Further information on SGMA can be found at the provided website. This prime North Hanford location offers a unique chance to create a dream country residence or expand agricultural operations. The property's size and versatility make it an ideal canvas for various projects. The asking price is $949,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.712
    Latitude
    36.3571

    Comparable in this City

    • Value Estimation by Request
      47.00 Acres

      12000 10Th Ave

      Farms
      12000 10Th Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      160.00 Acres

      14774 Iona Ave

      Farms
      14774 Iona Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      15.00 Acres

      btwn. Houston & Iona Aves. 10Th Ave

      Farms
      btwn. Houston & Iona Aves. 10Th Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      207.00 Acres

      16040 Excelsior Ave

      Farms
      16040 Excelsior Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      160.00 Acres

      15181 Idaho Ave

      Farms
      15181 Idaho Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      158.13 Acres

      Iona Ave

      Farms
      0 Iona Ave, Hanford, CA 93230
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Almond Orchard Land For Sale

      Almond orchard planted in 2020 with irrigation well.
      btwn. Houston & Iona Aves W 10Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing

      Hanford Farmland with Development Potential

      370.89 acres of farmland with water security and development potential.
      6505 10Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing

      Turn-Key Almond Ranch Investment

      Producing almond orchard with reliable water and on-site improvements.
      8372 7Th Ave, Hanford, CA 93230
      View Details
    • $1,935,000
      77.40 Acres

      77.4 Acres Near Hanford Amenities

      77.4 acres with custom home near Hanford's amenities.
      11249 Houston Ave, Hanford, CA 93230
      View Details
    • $75,000
      0.18 Acres

      Vacant Land Near Highway 198

      Unimproved land parcel in Hanford, convenient access to Highway 198.
      Orchard Dr, Hanford, CA 93230
      View Details
    • $49,836,600
      302.04 Acres

      Hanford Commercial Land - 302 Acres

      Prime 302-acre commercial land in Hanford, CA.
      Twelfth & Fargo Cor, Hanford, CA 93230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Hanford

      Land available for lease in Hanford, California.
      10555 12Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing

      Service Commercial Land For Rent

      3-acre service commercial land in high-traffic Hanford location.
      1798 Hanford Armona Rd, Hanford, CA 93230
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,500 square feet.
      323 N 11Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing
      720 SF

      New Retail Spaces in Hanford

      New retail spaces available in high-traffic Hanford location.
      1040 S 12Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing

      Remodeled Medical Office Space Available

      Remodeled medical office with nine exam rooms for rent.
      1288 N Irwin St, Hanford, CA 93230
      View Details
    • Contact for pricing

      Remodeled Office Building in Downtown

      Remodeled two-story office building in the heart of downtown.
      312 W 7Th St, Hanford, CA 93230
      View Details
    Request Owner's contact information
    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.
    Fargo Ave
    Hanford, CA 93230
    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
    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

    Thank You for Inquiry
    Fargo Ave, Hanford, CA, 93230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!