Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1693 Lacey Blvd Hanford, CA 93230-5927
    Back to Search
    Property profile & analytics

    1693 Lacey Blvd, Hanford, CA 93230-5927

    View on Map
    • Turn key restaurants
    • 4,000 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Jun 8, 2020
    $2,090,000
    Property ID
    US09-2587334
    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
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pieology Pizzeria Hanford Mall / Restaurant
    • Five Guys / Restaurant / Take-out & Catering
    • Metro Pcs / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1693 Lacey Blvd

    Year built
    1994
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.69 lot acres
    Zone code
    RC
    Property type
    Turn key restaurants
    APN
    011-060-036-000
    APU
    11060036000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2020 $2,090,000 Ricchiuti Ents LLC Hanford Mall 2020 Llg Grant Deed $1M · Miscellaneous Ins Co
    Dec 20, 2019 $26,000,000 Hanford Mall 2020 LLC Passco Hanford Mall LLC Grant Deed $11.5M · 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 $30M · German American Capital Corp
    — — Van Gundy Trust — Deed Of Trust · related $125k · Kaweah National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,055,000
      ML approach
      $2,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,300,000
      Market price range: $263k - $1.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.673
    Latitude
    36.3248
    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
    $24,258
    $833,101
    $1,407,800
    $2,240,901
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.71 Acres

      1791 Lacey Blvd

      RESTAURANT
      1791 Lacey Blvd, Hanford, CA 93230-5903
      View Details
    • Value Estimation by Request
      0.90 Acres

      839 Lacey Blvd

      RESTAURANT
      839 Lacey Blvd, Hanford, CA 93230-4328
      View Details
    • Value Estimation
      $765,000
      3,116 SF

      824 Lacey Blvd

      RESTAURANT
      824 Lacey Blvd, Hanford, CA 93230-4382
      View Details
    • Value Estimation by Request
      1,712 SF

      740 10th Ave

      RESTAURANT
      740 10th Ave, Hanford, CA 93230-4101
      View Details
    • Value Estimation by Request
      2,750 SF

      390 11th Ave

      RESTAURANT
      390 11th Ave, Hanford, CA 93230-5353
      View Details
    • Value Estimation by Request
      2,328 SF

      481 7th St

      RESTAURANT
      481 7th St, Hanford, CA 93230-4605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • Contact for pricing
      2,013 SF

      Hanford, CA Starbucks Investment Opportunity

      Corporately guaranteed Starbucks in Hanford, CA with drive-thru.
      550 W Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing
      1,290 SF

      Downtown Hanford Mixed-Use Opportunity

      Mixed-use property with commercial storefront and two residential units.
      122 E 8Th St, Hanford, CA 93230
      View Details
    • Contact for pricing

      Established Car Wash Business Opportunity

      Operating car wash business for sale in Hanford, California.
      1697 W Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing
      23,154 SF

      Hanford Retail Anchor Space Available

      22,624 SF retail space in Hanford Towne Center.
      510-826 N 11Th Ave, Hanford, CA 93230
      View Details

    Similar Nearby for Lease

    • $3,750 /Mo
      2,500 SF

      Prime Hanford Commercial Lease Opportunity

      High-exposure commercial space ideal for coffee shop or cafe.
      1697 W Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing
      720 SF

      New Retail Spaces in Hanford

      New retail spaces available in high-traffic Hanford location.
      1040 S 12Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing
      2,720 SF

      Restaurant Building with Planned Drive-Thru

      Freestanding restaurant building with planned drive-thru, ample parking.
      8348 Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing

      Drive-Thru Pad Opportunity

      Drive-thru pad with all services stubbed in Hanford, CA.
      1705 W Hanford Armona Rd, Hanford, CA 93230
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    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.
    1693 Lacey Blvd
    Hanford, CA 93230-5927
    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

    Thank You for Inquiry
    1693 Lacey Blvd, Hanford, CA, 93230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!