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Property profile & analytics
OFF-MARKET
Land

1400 Berkshire Way Hanford, CA 93230

2.69 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.69-acre (±117,176 square feet) parcel of land presents a remarkable opportunity for residential development in Hanford, California. Located at 1400 W Berkshire Way, Hanford, CA 93230 (APN: 008-410-037), this level, rectangular lot offers convenient access to major retail hubs in Hanford and Lemoore within a 10-minute drive. Existing paved roadways from Berkshire Way and Fitzgerald Lane via Grangeville Boulevard provide easy ingress and egress. The property is zoned R-L-5 and is ready for immediate development, with previous plans submitted and a conceptual plan available showing potential for 14 lots ranging in size from approximately 5,760 to 15,065 square feet. The site's location within Hanford's Northwest Growth Area ensures proximity to numerous amenities, including the College of the Sequoias, West Hills Lemoore College, Downtown Hanford, Hanford Mall, The Marketplace @ Hanford Shopping, Kings County Business Park, and the airport. The area boasts a strong economy, with an average household income of $164,254 and a median home value of $622,951 within one mile. Within a 10-mile radius, there are 35,834 households, a population of 108,955, and $1.25 billion in consumer spending. Convenient access to CA-198 freeway ramps provides easy connectivity to Lemoore, Visalia, Kingsburg, Tulare, and other surrounding areas. Utilities are nearby, making this a truly shovel-ready opportunity. The site is ideal for a variety of residential projects, including single-family homes, condominiums, or apartments. This is a unique chance to capitalize on the thriving residential market in Hanford's desirable Northwest Growth Area. The asking price is $1,150,000.

Property profile
Verified
Property type Land
Lot 2.69 ac (117,176 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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