Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12 C Hanford-Armona Rd & Ave Hanford, CA 93230
    Property profile & analytics

    12 C Hanford-Armona Rd & Ave, Hanford, CA 93230

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

    Current Use by Public Records

    • Land

    Property Details for 12 C Hanford-Armona Rd & Ave

    Property type
    Land

    Description

    This exceptional 930,006 square foot commercial land parcel presents a unique investment opportunity in Hanford, California. Located in Kings County, the property boasts a highly desirable C-R (Commercial Regional-City of Hanford) zoning designation, offering significant development potential. Its strategic location just off Highway 198 provides unparalleled visibility and accessibility, with approximately 1,281 feet of frontage directly exposed to the freeway. This substantial land area is ideal for a wide range of commercial ventures, capitalizing on the high traffic volume and convenient access to major transportation routes. The property's APN is 011-010-013, and the address is listed as N W C Hanford-Armona Rd & Ave 12, Hanford, CA 93230. The asking price for this expansive commercial land is $4,882,531. This presents a compelling opportunity for investors seeking a high-impact commercial development project in a thriving California market. The property's size and location make it an attractive prospect for businesses seeking high visibility and easy access for customers and employees. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering.

    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
    -119.647
    Latitude
    36.3134

    Comparable in this City

    • Value Estimation by Request
      302.04 Acres

      11722 Fargo Ave

      Farms
      11722 Fargo Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      302.04 Acres

      Twelfth & Fargo Cor

      Land
      Twelfth & Fargo Cor, Hanford, CA 93230
      View Details
    • Value Estimation by Request

      2000 Lacey Blvd

      Land
      2000 Lacey Blvd, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      0.65 Acres

      010510005

      Land
      0 010510005, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      14.93 Acres

      10715 12Th Ave

      Land
      10715 12Th Ave, Hanford, CA 93230
      View Details
    • Value Estimation by Request
      0.65 Acres

      1131 7Th St

      Land
      1131 7Th St, Hanford, CA 93230
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hanford Land For Sale

      Land available for sale in Hanford, California.
      5080 16Th Ave, 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
    • $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
    • Contact for pricing

      70.87 Acres in Hanford

      70.87-acre parcel with agricultural and development potential in Hanford.
      11753 13Th Ave, Hanford, CA 93230
      View Details
    • $65,000
      0.16 Acres

      Hanford Land with Development Potential

      RM3 zoned lot near downtown Hanford, suitable for multi-family development.
      5 6Th St, Hanford, CA 93230
      View Details
    • $244,900
      1.25 Acres

      Prime Commercial Lot in Hanford

      Spacious lot ideal for retail, service, offices, or mixed-use.
      10531 Hanford Armona Rd, 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
      6,000 SF

      Retail Space on Lacey Boulevard

      Retail space with high visibility in Hanford's retail corridor.
      1863 W Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing
      1,103 SF

      Retail Space with Highway Visibility

      Retail space in Hanford Marketplace with excellent highway visibility.
      2453 E Lacey Blvd, 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
    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.
    12 C Hanford-Armona Rd & 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
    12 C Hanford-Armona Rd & 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!