Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 Lacey Blvd Hanford, CA 93230-5906

    • Banks
    • 8,865 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3620999
    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

    • Kings Federal Credit Union / Federal Credit Union / Atm

    Property Details for 1415 Lacey Blvd

    Year built
    1989
    Construction
    WOOD
    Lot size
    2.27 lot acres
    Property size
    8,865 SF
    Zone code
    O
    Property type
    Banks
    APN
    011-050-003-000
    APU
    11050003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,135,000
      AUTO REPAIR, GARAGE
      $1,120,000
      OFFICE BUILDING
      $1,045,000
      WAREHOUSE, STORAGE
      $925,000
      INDUSTRIAL (GENERAL)
      $730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.667
    Latitude
    36.3276
    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
    $23,946
    $387,541
    $1,824,577
    $2,212,118
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $395,000
      0.25 Acres

      200 7th St

      FINANCIAL BUILDING • 0.25 Acres
      200 7th St, Hanford, CA 93230-4524
      View Details
    • Value Estimation
      $860,000
      4,746 SF

      333 Redington St

      FINANCIAL BUILDING • 4,746 SF
      333 Redington St, Hanford, CA 93230-4551
      View Details
    • Value Estimation
      $3,185,000
      6,855 SF

      890 Lacey Blvd

      FINANCIAL BUILDING • 6,855 SF
      890 Lacey Blvd, Hanford, CA 93230-4309
      View Details
    • Value Estimation
      $495,000
      4,779 SF

      230 7th St

      FINANCIAL BUILDING • 4,779 SF
      230 7th St, Hanford, CA 93230-4524
      View Details
    • Value Estimation
      $400,000
      2,635 SF

      300 7th St

      FINANCIAL BUILDING • 2,635 SF
      300 7th St, Hanford, CA 93230-4526
      View Details
    • Value Estimation
      $390,000
      2,320 SF

      109 8th St

      FINANCIAL BUILDING • 2,320 SF
      109 8th St, Hanford, CA 93230-4529
      View Details

    Similar Nearby for Sale

    • $900,000
      15,000 SF

      Freestanding Building in Downtown Hanford

      15,000 SF retail building in downtown Hanford, California.
      123 E 7Th St, Hanford, CA 93230
      View Details
    • $525,000
      2,400 SF

      Retail Space in Prime Location

      Leased retail space in Hanford's primary retail area.
      505 E 7Th St, Hanford, CA 93230
      View Details
    • $1,625,000
      21,450 SF

      Leased Commercial Building Investment Opportunity

      Leased freestanding commercial building with high visibility and upside potential.
      208 N Douty St, Hanford, CA 93230
      View Details
    • $625,000
      9,338 SF

      Downtown Hanford Retail Space For Sale

      Prime retail space in historic downtown Hanford, California.
      216 N Irwin St, Hanford, CA 93230
      View Details
    • $695,000
      11,700 SF

      Hanford Retail Building with Ballroom

      Retail building with showroom, rooms, ballroom, and meeting hall.
      108-112 E 8Th St, Hanford, CA 93230
      View Details
    • $599,000
      2,173 SF

      Profitable Shell Food Mart

      Established gas station and convenience store with long-term lease.
      620 W 7Th St, Hanford, CA 93230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      680 SF

      Retail Space Available For Rent

      Retail space available for rent, 680 square feet.
      729 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $1.75 SF/Yr

      Retail Space in Hanford Center

      Retail spaces available in shopping center anchored by major retailers.
      1802 W Lacey Blvd Hanford, Hanford, CA 93230
      View Details
    • $0.70 SF/Yr
      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
    • $1.75 SF/Yr
      2,100 SF

      Retail Space For Lease

      Retail space available in Hanford's primary retail intersection.
      1720 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $1,100 /Mo
      1,000 SF

      Retail Space in Hanford Strip

      Former salon space available for lease in Hanford, California.
      1716 N 11Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing
      3,422 SF

      Hanford Retail Pad - Drive Thru

      Prime Retail Space, 3,422 sq ft, Drive-Thru Ready
      1705 Hanford Armona Rd, Hanford, CA 93230
      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.
    1415 Lacey Blvd
    Hanford, CA 93230-5906
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.