0 Houston Ave, Hanford, CA 93230
This ±15.58-acre property in Hanford, CA, presents a significant development opportunity. Situated at the southeast corner of Houston Avenue and 12th Avenue, it's ideally located within the City of Hanford's 2035 Growth Plan boundary and its proposed sphere of influence. Currently designated for Light Industrial use, this parcel offers exceptional potential for various projects, such as a truck yard or mini-storage facility. The land boasts 100% Grade 1 soil (Nord complex), ensuring excellent conditions for development. Water access is provided through the Kings County Water District and the Mid-Kings River GSA. The property's APN is 018-231-060. While the Sustainable Groundwater Management Act (SGMA) mandates groundwater sustainability by 2040 and requires Groundwater Sustainability Plans, further details on potential water usage limitations can be found on the SGMA website. This is a rare chance to acquire land in a thriving growth area, promising substantial returns for forward-thinking investors and developers. The current use is irrigated row crops, offering a blank canvas for future development. Don't miss this chance to capitalize on Hanford's growth trajectory.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.