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Property profile & analytics
OFF-MARKET
Estimated value
$7,240,000
Industrial properties
10801 Iona Ave Hanford, CA 93230-9415
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0808979
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
169,750 SF
Lot
21.54 ac (938,282 SF)
Zoning code
H1
APN
018-242-001-000
UPID
US09-0808979
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
-
Coveris Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.24M
Owner & transaction history
Hood Packaging Corp · 6 yrs held
Hood Packaging Corp
since 2020
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
H1 · 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
$7,430,000
ML approach
$8,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,635,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.24M
Range $6.52M – $7.96M · ±10% · vs last sale $6.50M (Jan 27 2020)
Last sale anchor
$6.50M
Jan 27 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
$43 / 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
$232,688
Tax year 2024
Assessed value
$21,952,638
Assessed 2024
Previous assessed
$21,952,638
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,166,984
Assessed improvement
$20,785,654
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
169,750 SF
Lot
21.54 ac (938,282 SF)
Zoning code
H1
APN
018-242-001-000
UPID
US09-0808979
Jurisdiction
KINGS
Zoning & alternative use
H1 · Hanford, CA
Zoning H1 · permitted uses
H1 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
21.54 ac
Current owner
From public records · entity-resolved
Hood Packaging Corp
Entity
Free & Clear · 6 yrs held
Mailing address
13155 NOEL RD STE #100, DALLAS, TX 75240-5050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
$6,500,000
Hood Packaging Corp
Transcontinental Us LLC
Grant Deed
—
Nov 13, 2017
—
Coveris Flexibles Us LLC
—
Deed
related
—
Sep 12, 2017
—
Coveris Flexibles Us LLC
—
Deed
related
—
Oct 25, 2016
—
Coveris Flexibles Us LLC
—
Deed
related
$172,500,000 · Goldman Sachs Bk USA
Aug 16, 2001
—
Exo-tech Packaging LLC
International Paper Co
Grant Deed
$110,000 · Bnp Paribas
—
—
Exopack LLC
—
Loan Modification
related
—
—
—
Exopack LLC
—
Deed Of Trust
related
—
—
—
Coveris Flexibles Us LLC
—
Loan Modification
related
—
—
—
Coveris Flexibles Us LLC
—
Loan Modification
related
$172,500,000 · Goldman Sachs Bk USA
—
—
Coveris Flexibles Us LLC
—
Loan Modification
related
—
—
—
Coveris Flexibles Us LLC
—
Loan Modification
related
—
—
—
Exopack LLC
—
Deed Of Trust
related
—
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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