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Property profile & analytics
OFF-MARKET
Estimated value
$18,330,000
Super regional malls
1671 Lacey Blvd Hanford, CA 93230-5926
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3349599
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
62,310 SF
Lot
5.36 ac (233,481 SF)
Zoning code
RC
APN
011-060-033-000
UPID
US09-3349599
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
-
JCPenney Clothing Store Department Store
-
JCPenney Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.03M
CAP Approach
CAP
$11.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.33M
Owner & transaction history
3902 Annadale Lane LP · 4 yrs held
3902 Annadale Lane LP
since 2021
Last sale
$25.0M
5 recorded transactions
Zoning & alternative use
RC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+164.4%
Commercial (general)
$11.2M
+163.0%
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
$11,030,000
CAP Approach
CAP Return
Estimation
6%
$12,895,000
6.5%
$11,900,000
7%
$11,050,000
Alternative Use
Use
Estimation
RESTAURANT
$11,295,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,230,000
Change: +163% · Conversion: Easy
Blend value · Realmo final
$18.33M
Range $16.50M – $20.16M · ±10% · vs last sale $25.00M (Oct 14 2021)
Last sale anchor
$25.00M
Oct 14 2021
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
$294 / 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
$52,757
Tax year 2024
Assessed value
$4,873,560
Assessed 2024
Previous assessed
$4,873,560
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,786,020
Assessed improvement
$3,087,540
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
62,310 SF
Lot
5.36 ac (233,481 SF)
Zoning code
RC
APN
011-060-033-000
UPID
US09-3349599
Jurisdiction
KINGS
Zoning & alternative use
RC · Hanford, CAZoning RC · permitted uses
RC · Hanford, CA
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
RESTAURANT
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$11.2M
RESTAURANT
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.36 ac
Current owner
From public records · entity-resolved
3902 Annadale Lane LP
Entity
Mailing address
PO BOX 411, TIBURON, CA 94920-0411
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$25,000,000
3902 Annadale Lane LP
Hanford Mall 2020 LLC
Grant Deed
$11,000,000 · Poppy Bank
Dec 20, 2019
$26,000,000
Hanford Mall 2020 LLC
Passco Hanford Mall LLC
Grant Deed
$11,500,000 · Other Institutional Lenders
Jan 16, 2004
—
Hanford Mall 5 LLC
Passco Hm LLC
Grant Deed
related
—
Dec 16, 2003
—
Hanford Mall I LLC
Passco Hm LLC
Grant Deed
related
—
Nov 26, 2003
—
Passco Hm LLC
Hanford Mall Partners LP
Grant Deed
$30,000,000 · German American Capital Corp
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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