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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Hotels
101 Redington St Hanford, CA 93230-4547
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-0268822
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
8,670 SF
Lot
0.26 ac (11,250 SF)
Zoning code
DC
APN
012-055-014-000
UPID
US09-0268822
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
Current use
Occupant on record · Public records
-
Rodeway Inn Downtown Hanford Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$550k
Owner & transaction history
Majp Hotels INC · 12 yrs held
Majp Hotels INC
since 2013
7 recorded transactions
Zoning & alternative use
DC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$905,000
+67.8%
Industrial (general)
$715,000
+32.5%
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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$540,000
Current use
WAREHOUSE, STORAGE
$905,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$715,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$63 / 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
$22,471
Tax year 2024
Assessed value
$722,155
Assessed 2024
Previous assessed
$722,155
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$95,074
Assessed improvement
$627,081
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
WALL UNIT
Stories
2
Rooms
33
Bathrooms
31
Total area
8,670 SF
Lot
0.26 ac (11,250 SF)
Zoning code
DC
APN
012-055-014-000
UPID
US09-0268822
Jurisdiction
KINGS
Zoning & alternative use
DC · Hanford, CAZoning DC · permitted uses
DC · Hanford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$905,000
INDUSTRIAL (GENERAL)
Est. value
$715,000
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Rooms
33
Bathrooms
31
Lot
0.26 ac
Current owner
From public records · entity-resolved
Majp Hotels INC
Entity
Mailing address
101 N REDINGTON ST, HANFORD, CA 93230-4547
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2013
—
Majp Hotels INC
Praful Patel
Grant Deed
$590,000 · National Bank Of California
Mar 28, 2013
$600,000
Praful Patel
Eh Natl Bk
Grant Deed
—
Dec 24, 2012
$434,841
Eh Natl Bk
Refs INC
Trustees Deed
related
—
Mar 26, 2010
—
Gopi-janki Investments LLC
Patel,sangitaben
Grant Deed
—
Jul 30, 2007
—
Sangitaben Patel
Patel,naresh
Quit Claim Deed
related
$1,156,000 · Excel National Bank
Jul 30, 2007
$1,360,000
Sangitaben Patel
Patel,suryakant S & Mauna S
Grant Deed
related
—
Jul 31, 2003
$1,175,000
Suryakant S Patel
Abolt,naomi E
Grant Deed
$700,000 · Naomi E Abolt
Jul 8, 1976
—
Naomi E|downtown Motel Abolt
—
Grant Deed
related
—
—
—
Praful Patel
—
Deed Of Trust
related
$400,000 · Manish Patel
—
—
Suryakant S Patel
—
Deed Of Trust
related
$100,000 · Naomi E Abolt
—
—
Sangitaben Patel
—
Deed Of Trust
related
$1,156,000 · Excel National Bank
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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