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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Grocery and convenience stores
12 Hanford Armona Rd Lemoore, CA 93245-2320
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-3015526
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Total area
11,445 SF
Lot
1.09 ac (47,480 SF)
APN
021-390-063-000
UPID
US09-3015526
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Clifford D. Burgin III, Pharm Pharmacy
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.64M
Owner & transaction history
Dmf 10th Street Partners LLC · 1 yrs held
Dmf 10th Street Partners LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+61.3%
Office building
$2.1M
+53.0%
Commercial (general)
$1.5M
+9.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,365,000
Current use
RESTAURANT
$2,205,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$2,090,000
Change: +53% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,495,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$143 / 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
$34,277
Tax year 2024
Assessed value
$3,312,592
Assessed 2024
Previous assessed
$3,312,592
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,298,332
Assessed improvement
$2,014,260
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
2009
Heating
NONE
Stories
1
Bathrooms
2
Total area
11,445 SF
Lot
1.09 ac (47,480 SF)
APN
021-390-063-000
UPID
US09-3015526
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
RETAIL STORES Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Dmf 10th Street Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
—
Dmf 10th Street Partners LLC
Felix Chiang
Quitclaim Deed
related
—
Nov 15, 2012
—
Felix Chiang
Gravance Mary 1998 Trust
Grant Deed
related
—
Oct 11, 2011
—
Gravance Diane M Tr
Gravance,mary M
Affidavit Of Death
related
—
Sep 21, 2011
—
Felix Chiang
Gravance Mary 1998 Trust
Grant Deed
—
Jul 26, 2011
—
Anthony L Gravance
Gravance,mary M
Affidavit Of Death
related
—
Oct 21, 1998
—
Gravance Trust
Gravance,mary
Quit Claim Deed
related
—
—
—
Wg Lemoore Ca Landlord LLC
—
Deed Of Trust
related
$2,755,196 · Wells Fargo Bk Nw NA (ce)
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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