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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Hotels
113 Irwin St Hanford, CA 93230-4537
Individually Owned
11-yr Hold
Free & Clear
Property ID
US09-1480147
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1929
Construction
TILT-UP CONCRETE
Total area
36,528 SF
Lot
0.34 ac (15,000 SF)
Zoning code
DC
APN
012-054-001-000
UPID
US09-1480147
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.21M
Owner & transaction history
Walter N Miller · 11 yrs held
Walter N Miller
since 2015
6 recorded transactions
Zoning & alternative use
DC · 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
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$33 / 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
$14,227
Tax year 2024
Assessed value
$1,314,222
Assessed 2024
Previous assessed
$1,314,222
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$320,896
Assessed improvement
$993,326
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
36,528 SF
Lot
0.34 ac (15,000 SF)
Zoning code
DC
APN
012-054-001-000
UPID
US09-1480147
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
Building & site characteristics
From public records
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Walter N Miller
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 1935, HANFORD, CA 93232-1935
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2015
—
Walter N Miller
Miller Elisa
Quit Claim Deed
related
—
Feb 13, 2015
$474,000
Miller,patricia L 2012 Trust
Miller Walter N
Grant Deed
related
$890,000 · Tri Counties Bank
Dec 31, 2012
—
Miller Patricia L 2012 Trust
Miller,patricia L
Quit Claim Deed
related
—
Apr 7, 1999
—
Miller Trust
Miller,patricia L
Quit Claim Deed
related
—
Jul 23, 1997
—
Walter N Miller
Miller,walter N & Patricia L
Quit Claim Deed
related
—
—
—
Miller,tr
—
Deed Of Trust
related
$550,000 · Tri Counties 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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