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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Strip malls
104 11th Ave Hanford, CA 93230-4508
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-0755043
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
15,000 SF
Lot
1.57 ac (68,494 SF)
Zoning code
CC
APN
012-271-035-000
UPID
US09-0755043
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
-
Joe's bar and grill Restaurant
-
Goodwill Superstore Discount Store
-
Original Bad Credit Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$715k
Owner & transaction history
Hanford Plaza LLC · 19 yrs held
Hanford Plaza LLC
since 2007
7 recorded transactions
Zoning & alternative use
CC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Current use
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$48 / 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
$11,742
Tax year 2024
Assessed value
$1,084,710
Assessed 2024
Previous assessed
$1,084,710
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$332,371
Assessed improvement
$752,339
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
13
Bathrooms
14
Total area
15,000 SF
Lot
1.57 ac (68,494 SF)
Zoning code
CC
APN
012-271-035-000
UPID
US09-0755043
Jurisdiction
KINGS
Zoning & alternative use
CC · Hanford, CAZoning CC · permitted uses
CC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
13
Bathrooms
14
Lot
1.57 ac
Current owner
From public records · entity-resolved
Hanford Plaza LLC
Entity
Mailing address
PO BOX 754, CORTE MADERA, CA 94976-0754
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2007
—
Hanford Plaza LLC
Punzet Ernest Trust
Grant Deed
$1,320,000 · Greenpoint Mortgage Funding
Jun 21, 2005
—
Punzet Ernest Trust
Punzet Ernest Trust
Quit Claim Deed
related
—
Jun 3, 2002
—
Punzet Trust
Punzet,ernie
Quit Claim Deed
related
—
Nov 9, 2001
$250,000
Massoud Dehdashti
Bay Area Construction Partners
Grant Deed
$1,100,000 · East West Bank
Apr 9, 1999
—
Istvan Virag
Bay Area Construction Partners
Grant Deed
related
—
Oct 5, 1994
—
Area Construction Partner Bay
Viragh,istvan
Grant Deed
related
—
—
—
Area Construction Partner Bay
—
Deed Of Trust
related
$150,000 · Individual
—
—
Area Construction Partner Bay
—
Deed Of Trust
related
$150,000 · Individual
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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