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Property profile & analytics
OFF-MARKET
Estimated value
$10,220,000
Grocery and convenience stores
105 Hanford Armona Rd Lemoore, CA 93245-2321
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3061811
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Total area
46,362 SF
Lot
3.83 ac (166,781 SF)
APN
021-380-005-000
UPID
US09-3061811
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
-
Sturgeon Eric J Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
Save Mart Grocery & Convenience Store Food Market
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.26M
CAP Approach
CAP
$7.05M
Comparable Approach
Comparable
$9.47M
Blend (final)
Blend
$10.22M
Owner & transaction history
Save Mart Supermarkets LLC · 2 yrs held
Save Mart Supermarkets LLC
since 2023
Last sale
$10.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+61.3%
Office building
$8.5M
+53.0%
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 Lemoore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemoore 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
$12,870,000
ML approach
$10,260,000
CAP Approach
CAP Return
Estimation
6%
$7,635,000
6.5%
$7,045,000
7%
$6,545,000
Alternative Use
Use
Estimation
RESTAURANT
$8,925,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$8,470,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$10.22M
Range $9.20M – $11.24M · ±10% · vs last sale $10.58M (Nov 20 2020)
Last sale anchor
$10.58M
Nov 20 2020
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
$220 / 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
$138,546
Tax year 2024
Assessed value
$13,214,520
Assessed 2024
Previous assessed
$13,214,520
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,169,000
Assessed improvement
$10,045,520
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1991
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
46,362 SF
Lot
3.83 ac (166,781 SF)
APN
021-380-005-000
UPID
US09-3061811
Jurisdiction
KINGS
Zoning & alternative use
Zoning · permitted uses
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
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.5M
RESTAURANT
OFFICE BUILDING
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.83 ac
Current owner
From public records · entity-resolved
Save Mart Supermarkets LLC
Entity
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 16, 2023
—
Save Mart Supermarkets LLC
Save Mart Portfolio Owner Fund V Ca
Lease
—
Jan 22, 2021
—
Save Mart Portfolio Owner Fund V Ca
—
Deed
related
$416,800,000 · Wells Fargo Bank NA
Nov 20, 2020
$10,580,500
Save Mart Portfolio Owner Fund
Save Mart Supermarkets
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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