Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1305 Iona Ave Lemoore, CA 93245-9716

    • Investment properties
    • 79,450 SF
    • 3.67 lot acres
    OFF-MARKET
    Value Estimations
    $6,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0136950
    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.

    Current Use by Public Records

    • Master Storage 365 - Lemoore, CA / Storage Facility
    • Tevelde Dairy Farm / Production Facility / Feed Store

    Property Details for 1305 Iona Ave

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.67 lot acres
    Property size
    79,450 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    024-051-012-000
    APU
    24051012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,354,000
      Market price range: $5.35M - $14.2M
      AI Estimate
      $6,772,000
      Market price range: $6.77M - $25.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,395,000
      Current use
      RETAIL STORES
      $9,485,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.801
    Latitude
    36.2831
    CBSA code
    25260
    CBSA name
    HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,362
    $202,698
    $1,958,376
    $2,161,074
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,179 SF

      221 D St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,179 SF
      221 D St, Lemoore, CA 93245-2939
      View Details
    • Value Estimation by Request
      1,218 SF

      529 G St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,218 SF
      529 G St, Lemoore, CA 93245-2663
      View Details
    • Value Estimation by Request
      1.24 Acres

      1517 Venture Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 1.24 Acres
      1517 Venture Pl, Lemoore, CA 93245-9049
      View Details
    • Value Estimation
      $520,000
      2.10 Acres

      385 19th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2.10 Acres
      385 19th Ave, Lemoore, CA 93245-9127
      View Details
    • Value Estimation by Request
      1,500 SF

      298 19th 12th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,500 SF
      298 19th 12th Ave, Lemoore, CA 93245-9252
      View Details
    • Value Estimation by Request
      1,199 SF

      334 C St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,199 SF
      334 C St, Lemoore, CA 93245-2932
      View Details

    Similar Nearby for Sale

    • $237,402
      1.09 Acres

      Lemoore Mixed-Use Development Opportunity

      Prime 1.09-acre mixed-use development site in Lemoore, California.
      824 E D St, Lemoore, CA 93245
      View Details
    • Contact for pricing
      7,352 SF

      Mixed-Use Building with Tenant

      Freestanding mixed-use building with tenant in place.
      201 E St, Lemoore, CA 93245
      View Details
    • $760,000
      3.49 Acres

      Lemoore Mixed-Use Development Opportunity

      3.49+/- acre mixed-use development opportunity in a high-visibility location.
      836 E D St, Lemoore, CA 93245
      View Details
    • $237,402
      1.09 Acres

      Lemoore Mixed-Use Development Opportunity

      Prime 1.09-acre mixed-use development site in Lemoore, California.
      834 E D St, Lemoore, CA 93245
      View Details
    • Contact for pricing
      2,325 SF

      Lemoore Restaurant Property for Sale

      Restaurant property available in Lemoore, California.
      155 W Hanford Armona Rd, Lemoore, CA 93245
      View Details
    • $3,500,000

      Premier Diversified Agricultural Estate

      Turnkey 28-acre agricultural estate with diverse income streams.
      6873 20Th Ave, Lemoore, CA 93245
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,573 SF

      Former Pizza Restaurant For Rent

      2,573 SF former pizza restaurant on 0.64-acre lot.
      1029 N Lemoore Ave, Lemoore, CA 93245
      View Details
    • Contact for pricing
      4,500 SF

      Retail End Cap Space

      4,500± SF retail space for lease in Lemoore, CA.
      161 W Hanford Armona Rd, Lemoore, CA 93245
      View Details
    • Sponsored
      $4,000 /Mo

      9445 Highway 41

      Industrial/Agriculture Shop, Modular Office, Yard on 1.5 acres
      9445 Highway 41, Lemoore, CA 93245
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Drive-thru, shop space, and pads for lease near West Hills.
      1345 W Bush St, Lemoore, CA 93245
      View Details
    • Contact for pricing
      2,400 SF

      Lemoore Flex Space Available

      Flex/industrial spaces with Class A amenities, strategically located in Lemoore.
      1500 Enterprise Dr, Lemoore, CA 93245
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1305 Iona Ave
    Lemoore, CA 93245-9716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!