Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18429 Lacey Blvd Lemoore, CA 93245
    Property profile & analytics

    18429 Lacey Blvd, Lemoore, CA 93245

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

    Current Use by Public Records

    • Land

    Property Details for 18429 Lacey Blvd

    Lot size
    115.26 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional 115.26-acre agricultural property in Lemoore, CA, currently planted with ten-year-old Chandler walnuts. This land boasts excellent Nord complex soils (96.3% Grade 1) and benefits from dual water sources: the Lemoore Canal District and a deep agricultural well equipped with sand media filters and micro-sprinkler irrigation. The property's strategic location at the southeast corner of 18th Avenue and Lacey Boulevard places it within the City of Lemoore's sphere of influence, surrounded by residential areas and experiencing active development by both local and national homebuilders. Its proximity to major freeways and Naval Air Station Lemoore adds significant appeal. The Kings County APN is 021-020-008, and the property is zoned AL-10. While the Sustainable Groundwater Management Act (SGMA) mandates groundwater sustainability by 2040 and requires Groundwater Sustainability Plans (GSPs), this property's dual water sources mitigate some risk. The asking price is $11,500,000. This presents a unique opportunity for investors seeking a blend of established agricultural income and significant future development potential in a rapidly growing area. The 3.7% of the land comprised of Grangeville sandy loam, saline-alkali soil should be noted.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.788
    Latitude
    36.328

    Comparable in this City

    • Value Estimation by Request

      Houston Ave

      Farms
      0 Houston Ave, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      728.00 Acres

      Lacey Blvd

      Farms
      0 Lacey Blvd, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      36.73 Acres

      Iona Ave

      Farms
      0 Iona Ave, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      70.66 Acres

      18Th Ave

      Farms
      0 18Th Ave, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      14.88 Acres

      16Th Ave

      Farms
      0 16Th Ave, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      84.00 Acres

      1655 19Th Ave

      Farms
      1655 19Th Ave, Lemoore, CA 93245
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lemoore Ranch with Dual-Source Water

      138.19 acre ranch with homes, shop, and dual-source water.
      16441 Iona Ave, Lemoore, CA 93245
      View Details
    • $400,000
      10.00 Acres

      Producing Walnut Orchard Land

      10-acre Chandler walnut orchard in Lemoore, California.
      18-3/4 Ave, Lemoore, CA 93245
      View Details
    • Contact for pricing

      Premier Diversified Agricultural Estate

      Turnkey 28-acre agricultural estate with diverse income streams.
      6873 20Th Ave, Lemoore, CA 93245
      View Details
    • $999,000
      73.82 Acres

      Productive Farmland in Lemoore, CA

      73.82 acres of farmland with reliable water delivery system.
      9368 22Nd Ave, Lemoore, CA 93245
      View Details
    • $1,000,000
      36.50 Acres

      Lemoore Land For Sale

      36.5 +/- acres suitable for farming or development in Lemoore.
      14550 18Th Ave, Lemoore, CA 93245
      View Details
    • Contact for pricing

      Land Near Highway 41

      Land in close proximity to Highway 41 on/off ramps.
      Bush St & Belle Hvn Dr, Lemoore, CA 93245
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Lemoore Flex Space Available

      Flex/industrial spaces with Class A amenities, strategically located in Lemoore.
      1500 Enterprise Dr, Lemoore, CA 93245
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Drive-thru, shop space, and pads for lease near West Hills.
      1345 W Bush St, Lemoore, CA 93245
      View Details
    • Sponsored
      $4,000 /Mo

      9445 Highway 41

      Industrial/Agriculture Shop, Modular Office, Yard on 1.5 acres
      9445 Highway 41, Lemoore, CA 93245
      View Details
    • Contact for pricing
      2,573 SF

      Former Pizza Restaurant For Rent

      2,573 SF former pizza restaurant on 0.64-acre lot.
      1029 N Lemoore Ave, Lemoore, CA 93245
      View Details
    • Contact for pricing
      4,500 SF

      Retail End Cap Space

      4,500± SF retail space for lease in Lemoore, CA.
      161 W Hanford Armona Rd, Lemoore, CA 93245
      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.
    18429 Lacey Blvd
    Lemoore, CA 93245
    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
    18429 Lacey Blvd, Lemoore, CA, 93245
    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!