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    155 W Hanford Armona Rd Lemoore, CA 93245
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    155 W Hanford Armona Rd Lemoore, CA 93245

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    • Retail properties & Spaces
    • 12,250 SF
    • 0.76 lot acres
    For Sale
    View Listing →
    155 W Hanford Armona Rd, Lemoore, CA 93245 For Sale
    Contact for pricing
    2,325 SF

    155 W Hanford Armona Rd, Lemoore, CA 93245

    Restaurant property available in Lemoore, California.

    155 W Hanford Armona Rd, Lemoore, CA 93245
    View Listing
    Property ID
    US09-3076195
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sushi Table / Restaurant
    • Subway / Take-out & Catering / Catering Service
    • E Cig Vape Shop / (Bike/Boat/Book/etc) Store
    • Baskin-Robbins / Grocery & Convenience Store / Specialty Food Shop
    • Lemoore Plaza / Shopping Center & Mall

    Property Details for 155 W Hanford Armona Rd

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.76 lot acres
    Property size
    12,250 SF
    Property type
    Retail properties & Spaces
    APN
    021-380-004-000
    APU
    21380004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,647,000
      Market price range: $680k - $2.50M
      AI Estimate
      $1,337,000
      Market price range: $741k - $1.73M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,460,000
      Current use
      RESTAURANT
      $2,360,000
      Change: +61% Conversion: Easy
      OFFICE BUILDING
      $2,240,000
      Change: +53% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,605,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.783
    Latitude
    36.3123
    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
    $20,950
    $278,000
    $1,712,000
    $1,990,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,095,000
      7,573 SF

      844 Lemoore Ave

      DEPARTMENT STORE • 7,573 SF
      844 Lemoore Ave, Lemoore, CA 93245-2333
      View Details
    • Value Estimation by Request
      5,000 SF

      226 Heinlen St

      DEPARTMENT STORE • 5,000 SF
      226 Heinlen St, Lemoore, CA 93245-2947
      View Details
    • Value Estimation by Request
      3,375 SF

      724 Lemoore Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,375 SF
      724 Lemoore Ave, Lemoore, CA 93245-2329
      View Details
    • Value Estimation by Request
      0.17 Acres

      203 Ee St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.17 Acres
      203 Ee St, Lemoore, CA 93245-2744
      View Details
    • Value Estimation by Request
      9,118 SF

      333 Fox St

      Retail properties & Spaces • 9,118 SF
      333 Fox St, Lemoore, CA 93245
      View Details
    • Value Estimation by Request
      0.51 Acres

      Lemoore, CA 93245

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.51 Acres
      Lemoore, CA 93245
      View Details

    Similar Nearby for Sale

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      3.49 Acres

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      3.49+/- acre mixed-use development opportunity in a high-visibility location.
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      Freestanding mixed-use building with tenant in place.
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      17,161 SF

      Lemoore Avenue Retail Opportunity

      Retail space with drive-thru infrastructure and high traffic frontage.
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    • $695,000
      9,170 SF

      Freestanding Commercial Storefront and Warehouse

      9,170 SF building with retail, office, and warehouse spaces.
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    • Contact for pricing
      8,184 SF

      Retail Strip Mall in Lemoore

      Retail strip mall with established tenants in a prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      2,573 SF

      Former Pizza Restaurant For Rent

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      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.
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      2,400 SF

      Lemoore Flex Space Available

      Flex/industrial spaces with Class A amenities, strategically located in Lemoore.
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      View Details
    View Listing
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    Lemoore, CA 93245
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    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
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