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Property profile & analytics
OFF-MARKET
Estimated value
$3,855,000
Automotive properties
1990 Glendale Ave Hanford, CA 93230-6862
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3164270
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
18,716 SF
Lot
2.13 ac (92,784 SF)
Zoning code
SC
APN
011-030-006-000
UPID
US09-3164270
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
-
Hanford Hyundai Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.86M
Owner & transaction history
Visalia Mcp LLC · 3 yrs held
Visalia Mcp LLC
since 2023
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
SC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+43.7%
Commercial (general)
$3.4M
+42.9%
Retail stores
$2.4M
+1.4%
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
$4,605,000
ML approach
$4,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,360,000
Current use
RESTAURANT
$3,395,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,375,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$2,395,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±10% · vs last sale $3.70M (Feb 27 2023)
Last sale anchor
$3.70M
Feb 27 2023
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
$206 / 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
$31,314
Tax year 2024
Assessed value
$2,840,904
Assessed 2024
Previous assessed
$2,840,904
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$662,490
Assessed improvement
$2,178,414
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
16
Bathrooms
4
Total area
18,716 SF
Lot
2.13 ac (92,784 SF)
Zoning code
SC
APN
011-030-006-000
UPID
US09-3164270
Jurisdiction
KINGS
Zoning & alternative use
SC · Hanford, CA
Zoning SC · permitted uses
SC · Hanford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.4M
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
4
Lot
2.13 ac
Current owner
From public records · entity-resolved
Visalia Mcp LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3480 FLORAL AVE, SELMA, CA 93662-9036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Visalia Mcp LLC
—
Deed
related
$2,849,000 · Jpmorgan Chase Bank NA
Feb 27, 2023
$3,700,000
Visalia Mcp LLC
Arredondo Ventures INC
Grant Deed
—
Feb 16, 2021
—
Arredondo Ventures INC
—
Deed
related
$2,650,000 · Ally Bank
Jul 28, 2015
$3,550,000
Arredondo Ventures INC
Blake S Snider
Grant Deed
$3,370,000 · Ally Bank
Mar 10, 2011
$3,700,000
Snider Blake S Trust
Serpa Frank & Fernanda Trust
Grant Deed
$3,411,882 · Hyundai Capital America
Jan 24, 2008
—
Serpa Frank & Fernanda L Trust
—
Trustees Deed
related
$3,750,000 · Hyundai Mtr Fin Co
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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