Property profile

0 Houston Ave Hanford, CA 93230

OFF-MARKET
Land
15.58 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 15.58 ac (678,665 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Houston Ave Hanford, CA 93230
Hanford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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