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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Manufacturing properties
10065 9th 18th Ave Hanford, CA 93230-4759
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1471717
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Construction
WOOD
Total area
5,264 SF
Lot
1.27 ac (55,402 SF)
Zoning code
SC
APN
016-043-050-000
UPID
US09-1471717
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
AI Approach
AI
$770k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$625k
Owner & transaction history
Jose G Angulo · 4 yrs held
Jose G Angulo
since 2022
Last sale
$490,000
3 recorded transactions
Zoning & alternative use
SC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$955,000
+120.3%
Commercial (general)
$950,000
+119.1%
Retail stores
$675,000
+55.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$780,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$715,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$435,000
Current use
RESTAURANT
$955,000
Change: +120% · Conversion: Difficult
COMMERCIAL (GENERAL)
$950,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$665,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$620,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $490k (Jul 1 2022)
Last sale anchor
$490k
Jul 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,194
Tax year 2024
Assessed value
$490,000
Assessed 2024
Previous assessed
$490,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$277,000
Assessed improvement
$213,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Total area
5,264 SF
Lot
1.27 ac (55,402 SF)
Zoning code
SC
APN
016-043-050-000
UPID
US09-1471717
Jurisdiction
KINGS
Zoning & alternative use
SC · Hanford, CA
Zoning SC · permitted uses
SC · Hanford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$435,000
RESTAURANT
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$665,000
OFFICE BUILDING
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$550,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Lot
1.27 ac
Current owner
From public records · entity-resolved
Jose G Angulo
Individual
Mailing address
971 W JULIA WAY, HANFORD, CA 93230-8550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$490,000
Jose G Angulo
Roy Wayne Gilkey
Grant Deed
$465,000 · The R W Gilkey Living Trust
Feb 24, 2014
—
Gilkey,r W Living Trust 2014
Gilkey,roy W
Quit Claim Deed
related
—
May 7, 2003
$235,000
Roy W Gilkey
Acme Paving Co INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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