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Property profile & analytics
OFF-MARKET Estimated value $22,115,000
Super regional malls

1679 Lacey Blvd Hanford, CA 93230-5928

75,852 SF 6.85 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US09-3271043
Property summary
AI-generated overview

This exceptional retail opportunity presents a former Sears anchor space at the established Hanford Mall in Kings County. The property boasts a substantial 75,852 square feet of total building area, offering significant flexibility for a variety of retail uses. Built in 1999, this single-story building is currently available for lease as a single unit or can be demised into smaller spaces, with a minimum divisible unit size of 10,000 square feet. The maximum contiguous space available remains the entire 75,852 square feet, providing an unparalleled opportunity for a large-scale retailer or a collection of smaller tenants. This prime location within the Hanford Mall offers high visibility and access to a substantial customer base. The property's layout is adaptable to suit diverse retail needs, and interested parties are encouraged to inquire about available demising plans, construction timelines, lease rates, and potential tenant improvement allowances. This is a rare chance to secure a significant retail presence in a well-established shopping center. The property's size and location make it ideal for a variety of retail concepts, from large-format stores to a collection of smaller businesses. Further details regarding lease terms and customization options are available upon request.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1999
Construction TYPE NOT SPECIFIED
Total area 75,852 SF
Lot 6.85 ac (298,386 SF)
Zoning code RC
APN 011-060-040-000
UPID US09-3271043
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
  • Sears Appliance Repair Home Appliance Store
  • Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$14.49M
Comparable Approach Comparable
by Request
Blend (final) Blend
$22.12M
Owner & transaction history
3902 Annadale Lane LP · 4 yrs held
3902 Annadale Lane LP
since 2021
Last sale
$25.0M
5 recorded transactions
2021
$25.0M
2019
$26.0M
2011
Price N/A
2004
Price N/A
2003
Price N/A
Zoning & alternative use
RC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $13.8M +164.4%
Commercial (general) $13.7M +163.0%
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