Property profile

226 Heinlen St Lemoore, CA 93245

OFF-MARKET
Retail properties & Spaces
Property ID
US10-3012230
5,000 SF 0.11 ac lot Built 1943
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000 square foot commercial building is ideally situated in the heart of downtown Lemoore, California, on a 0.11-acre lot. Previously utilized as a real estate office, the property boasts a thoughtfully designed layout featuring a large lobby, three generously sized private offices, and a substantial conference room. A flexible, open floor plan also includes a spacious sales floor area, providing ample room for a variety of business uses. Recent updates include the conversion of one restroom into a full bathroom complete with a shower. The property's potential extends further, with possible space for a kitchen or other desired amenities. The building's Mixed-Use (DMX-1) zoning, as confirmed by the City of Lemoore, allows for a diverse range of businesses, including retail, commercial professional offices, second-story residential, and public/institutional uses. The area is primarily characterized by retail and restaurant establishments, presenting significant opportunities for a variety of commercial ventures. The asking price for this prime downtown Lemoore location is $839,000. Interested parties are encouraged to verify zoning details directly with the City of Lemoore to ensure alignment with their business plans.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1943
Construction LOG
Total area 5,000 SF
Lot 0.11 ac (5,000 SF)
APN 020-092-016-000
UPID US10-3012230

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Printing Service
  • Real Estate Agency
  • Childbirth Class Pregnancy Care Center
  • Photography Service (Bike/Boat/Book/etc) Store

Location

226 Heinlen St Lemoore, CA 93245-2947
Lemoore metro Census 407 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2012
2 recorded transactions
2012
$275,000
2007
$220,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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