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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Super regional malls
1919 Lacey Blvd Hanford, CA 93230-7439
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4715228
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
17,968 SF
Lot
1.63 ac (71,017 SF)
Zoning code
AL10
APN
011-020-007-000
UPID
US09-4715228
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
-
Planet Fitness Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.44M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
Pf Hanford Re LLC · 4 yrs held
Pf Hanford Re LLC
since 2021
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
AL10 · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+164.4%
Commercial (general)
$3.2M
+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
$5,425,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
$3,720,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
RESTAURANT
$3,255,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,240,000
Change: +163% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $3.95M (Dec 15 2021)
Last sale anchor
$3.95M
Dec 15 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
$219 / 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
$43,614
Tax year 2024
Assessed value
$4,029,000
Assessed 2024
Previous assessed
$4,029,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,479,000
Assessed improvement
$2,550,000
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
17,968 SF
Lot
1.63 ac (71,017 SF)
Zoning code
AL10
APN
011-020-007-000
UPID
US09-4715228
Jurisdiction
KINGS
Zoning & alternative use
AL10 · Hanford, CAZoning AL10 · permitted uses
AL10 · 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
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Pf Hanford Re LLC
Entity
Mailing address
314 MIDDLE ST, PORTSMOUTH, NH 03801-5102
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$3,950,000
Pf Hanford Re LLC
Centennial Hanford Center West LLC
Grant Deed
$2,962,500 · Bank Of New Hampshire
Aug 30, 2019
—
Centennial Hanford Center West LLC
—
Deed
related
$2,570,000 · First Technology Federal Cu
Jul 16, 2018
—
Centennial-hanford Ctr W LLC
—
Trustees Deed
related
$2,617,500 · United Sec Bk
Sep 28, 2012
—
Centennial-hanford Center West
—
Deed Of Trust
related
$2,062,678 · United Security Bank
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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