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    Property profile & analytics

    234 C St Lemoore, CA 93245-2948

    • Investment properties
    • 4,897 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2023
    $450,000
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    8.9%
    Investment properties
    Location Intelligence
    Property ID
    US09-1120488
    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.

    Current Use by Public Records

    • Boss Nation Brand / Store
    • Verheul Eric W / Physical Therapist
    • Margaret Verheul / Physical Therapist
    • Spiritco / Store

    Property Details for 234 C St

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.29 lot acres
    Property size
    4,897 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    020-092-024-000
    APU
    20092024000

    Description

    This 2,448 square foot single-tenant office space is ideally located in the heart of Downtown Lemoore, offering excellent visibility and accessibility. The property features a spacious reception area, a large open floor plan suitable for a bullpen-style workspace, a private office, and two private restrooms. Built in 1974, this traditional office space (APN 020-092-024-000) boasts abundant dedicated parking, a significant advantage in a busy downtown area. Additional street parking is also available. The zoning is DMX-1. Its prime location offers easy access to major transportation arteries, including Freeways 41 and 198, placing it within convenient reach of the Lemoore Naval Air Station, West Hills Community College District, and a variety of shopping centers and restaurants. The total building size is 4,897 square feet, with this suite occupying a significant portion. The property is situated near the US Post Office, further enhancing its convenience and accessibility. This space presents a unique opportunity for businesses seeking a well-located, functional, and comfortable office environment in a thriving downtown setting. The property is zoned DMX-1 and is situated at the cross streets of S. D St. & W. Follett St.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $540,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $330k - $876k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemoore
    County
    Kings
    State
    California
    Longitude
    -119.784
    Latitude
    36.3012
    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
    $4,656
    $100,000
    $350,000
    $450,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $310,000
      675 SF

      55 D St Ste F

      STORE/OFFICE (MIXED USE) • 675 SF
      55 D St Ste F, Lemoore, CA 93245-4123
      View Details
    • Value Estimation
      $655,000
      10,351 SF

      321 D St

      STORE/OFFICE (MIXED USE) • 10,351 SF
      321 D St, Lemoore, CA 93245-2941
      View Details
    • Value Estimation
      $705,000
      3,240 SF

      55 D St Ste A

      STORE/OFFICE (MIXED USE) • 3,240 SF
      55 D St Ste A, Lemoore, CA 93245-4123
      View Details
    • Value Estimation
      $330,000
      1,890 SF

      238 C St

      STORE/OFFICE (MIXED USE) • 1,890 SF
      238 C St, Lemoore, CA 93245-2900
      View Details
    • Value Estimation
      $310,000
      626 SF

      55 D St Ste J

      STORE/OFFICE (MIXED USE) • 626 SF
      55 D St Ste J, Lemoore, CA 93245-4123
      View Details
    • Value Estimation
      $595,000
      3,159 SF

      718 Lemoore Ave, Unit A

      STORE/OFFICE (MIXED USE) • 3,159 SF
      718 Lemoore Ave, Lemoore, CA 93245-2329
      View Details

    Similar Nearby for Sale

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      Prime 1.09-acre mixed-use development land in Lemoore, CA.
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    • $1,900,000
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      Lemoore Retail Land Investment

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    Similar Nearby for Lease

    • Contact for pricing
      2,573 SF

      Former Pizza Restaurant For Rent

      2,573 SF former pizza restaurant on 0.64-acre lot.
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      Land For Rent Lemoore

      Land available for rent in Lemoore, California.
      25 S 19 1/2 Ave, Lemoore, CA 93245
      View Details
    • Contact for pricing
      4,500 SF

      Retail End Cap Space

      4,500± SF retail space for lease in Lemoore, CA.
      161 W Hanford Armona Rd, Lemoore, CA 93245
      View Details
    • Contact for pricing
      17,161 SF

      Lemoore Avenue Retail Opportunity

      Retail space with drive-thru infrastructure and high traffic frontage.
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    • Sponsored
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      9445 Highway 41

      Industrial/Agriculture Shop, Modular Office, Yard on 1.5 acres
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      View Details
    • Contact for pricing
      2 SF

      Lemoore Plaza Retail Spaces Available

      Former Kmart, divisible spaces for lease.
      215 Hanford Armona Rd, Lemoore, CA 93245
      View Details
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    234 C St
    Lemoore, CA 93245-2948
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    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
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