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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Strip malls
2597 11th Ave Hanford, CA 93230-1426
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-1592893
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
LOG
Total area
34,340 SF
Lot
2.4 ac (104,511 SF)
Zoning code
NC
APN
007-270-005-000
UPID
US09-1592893
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
-
Little Caesars Pizza Restaurant
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.50M
CAP Approach
CAP
$6.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
Gurdarshan Singh · 1 yrs held
Gurdarshan Singh
since 2024
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
NC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+164.4%
Commercial (general)
$6.2M
+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
$7,500,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
$7,105,000
6.5%
$6,560,000
7%
$6,090,000
Alternative Use
Use
Estimation
RESTAURANT
$6,225,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,190,000
Change: +163% · Conversion: Easy
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $7.50M (Mar 27 2024)
Last sale anchor
$7.50M
Mar 27 2024
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
$218 / 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
$83,948
Tax year 2024
Assessed value
$7,649,746
Assessed 2024
Previous assessed
$7,649,746
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$642,600
Assessed improvement
$7,007,146
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
LOG
Heating
NONE
Stories
2
Total area
34,340 SF
Lot
2.4 ac (104,511 SF)
Zoning code
NC
APN
007-270-005-000
UPID
US09-1592893
Jurisdiction
KINGS
Zoning & alternative use
NC · Hanford, CAZoning NC · permitted uses
NC · 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
$6.2M
COMMERCIAL (GENERAL)
Est. value
$6.2M
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
2007
Construction
LOG
Heating
NONE
Stories
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Gurdarshan Singh
Individual
Mailing address
PO BOX 67, WILLIAMS, CA 95987-0067
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Gurdarshan Singh
Gurdarshan Singh
Deed
related
—
Mar 27, 2024
—
Rajesh K Patel
Rajesh Patel
Intrafamily Transfer
related
—
Sep 9, 2022
$7,500,000
Gurdarshan Singh
Abh 1 LLC
Grant Deed
$4,500,000 · Logix FCU
Sep 9, 2022
—
Rajesh Patel
Shilpa Patel
Intrafamily Transfer
related
—
Mar 14, 2022
—
Abh1 LLC
—
Deed
related
$1,250,000 · Aeme Investments LLC
Oct 30, 2020
$3,200,000
Abh1 LLC
Blackheart Capital LLC
Grant Deed
$1,200,000 · Abigail Danesh
Apr 29, 2015
$100,000
Blackheart Capital LLC
Chicago Title Co|investwest Partners V LLC
Trustees Deed
related
—
May 13, 2013
—
Investwest Partners V LLC
—
Deed Of Trust
related
$5,000,000 · Preferred Bank
Jul 1, 2009
—
Investment Partners V LLC
—
Trustees Deed
related
—
—
—
Investwest Partners V LLC
—
Deed Of Trust
related
$150,000 · Preferred Bank
—
—
Investwest Partners V LLC
—
Deed Of Trust
related
—
—
—
Investwest Partners V LLC
—
Deed Of Trust
related
—
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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