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    10715 12Th Ave Hanford, CA 93230
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    10715 12Th Ave, Hanford, CA 93230

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    • Commercial land
    For Sale
    $3,000,000
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    Highway Commercial Retail Development Land For Sale
    $3,000,000
    14.93 Acres

    Highway Commercial Retail Development Land

    14.93 acres of commercial land with highway frontage.

    10715 12th Ave, Hanford, CA
    View Listing
    Property ID
    US10-3077497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 10715 12Th Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    ±14.93 Acres of Highway Commercial Retail Development land located off Exit 12th Ave just off of State Route CA 198. Highly visible location with easy nearby Highway Exit and Entrance with long frontage along HWY-198 and 12th Ave. The parcel is located directly south of the Hanford Mall & the "main & main" of Hanford. Currently offering ±14.93 Acres (±650,351 SF), zoned commercial retail, with potential to subdivide into the desire size needed. 12th Avenue is an overpass over Highway 198, a full interchange, and main entrance point into Hanford. Excellent big-box site, shopping center, lodging, gas station, restaurant, auto mall, office park, freeway-oriented hotel. Excellent existing access from 12th Ave, Hanford Armona Rd and Lacey Blvd, roads have adequate capacity, is within the holding capacity, conforms to policies, avoids traffic congestion, and is shovel ready. Strategically positioned at the full interchange with both north and south bound loop on and off-ramps, which carry approximately ±114,003 cars per day. Existing ramps dispense traffic near the subject property. Flexible commercial zoning uses include convenience store, car wash, hotel, conference center, quick serve & sit-down restaurants, food market, retail strip center, professional office, etc. All wet & dry utilities at site.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.6703599
    Latitude
    36.3180862

    Comparable in this City

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      Vacant Corner Lot in Hanford

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      Commercial Lot in High-Traffic Area

      Over 15,000 sq ft commercial lot in southeast Hanford.
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      Commercial Land Site For Sale

      Well-located commercial land with great potential and flexibility.
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      Commercial Land in Mixed Use District

      Land in Armona's Mixed Use District, suitable for commercial/residential development.
      14Th Ave, Hanford, CA 93230
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      Prime Retail District Land Available

      Land in high-traffic location with excellent freeway visibility and access.
      198 12Th Ave, Hanford, CA 93230
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      Commercial Land Near Hanford Mall

      Vacant commercial land suitable for various development projects.
      1126 W 7Th St, Hanford, CA 93230
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    Similar Nearby for Sale

    • $244,900
      1.25 Acres

      Prime Commercial Lot in Hanford

      Spacious lot ideal for retail, service, offices, or mixed-use.
      10531 Hanford Armona Rd, Hanford, CA 93230
      View Details
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      Commercial Land in Mixed Use District

      Commercial land in Armona's Mixed Use District, suitable for development.
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    • $125,000
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      Hanford Commercial Parcel on 6th

      Versatile 0.26-acre commercial parcel in high-visibility Hanford location.
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    Similar Nearby for Lease

    • Contact for pricing

      Service Commercial Land For Rent

      3-acre service commercial land in high-traffic Hanford location.
      1798 Hanford Armona Rd, Hanford, CA 93230
      View Details
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      Available Warehouse Space in Hanford

      Warehouse spaces available in Hanford, CA with various features.
      13400 Hanford Armona Rd, Hanford, CA 93230
      View Details
    • $3,750 /Mo
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      Prime Hanford Commercial Lease Opportunity

      High-exposure commercial space ideal for coffee shop or cafe.
      1697 W Lacey Blvd, Hanford, CA 93230
      View Details
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      2,100 SF

      Retail Space For Lease

      Retail space available in Hanford's primary retail intersection.
      1720 W Lacey Blvd, Hanford, CA 93230
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      2,250 SF

      Industrial Space with Fenced Yard

      Clear span industrial space with yard for lease in Hanford.
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      3,900 SF

      Downtown Hanford Retail/Showroom Space

      Large retail space in downtown Hanford with storage and showroom.
      410-420 W 7Th St, Hanford, CA 93230
      View Details
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    Hanford, CA 93230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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