Property profile

338 D St Lemoore, CA 93245

OFF-MARKET
Banks
Property ID
US09-1428376
10,720 SF 0.24 ac lot Built 1959
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,720-square-foot retail property is located at 338 W D Street in the heart of Lemoore, California's charming downtown area. The building boasts a fully renovated, modern storefront with high-end fixtures and interior design. It was custom-built and renovated for a cannabis dispensary tenant, adhering to the highest standards of construction. Importantly, this property holds a rare and valuable permit for on-site consumption, a first-of-its-kind designation in the state, opening up diverse future business possibilities beyond its current use. The building's prime location on a tree-lined street, complemented by an adjacent garden featuring murals, a fountain, and a sitting area, places it at the center of Lemoore's shopping district. Its accessibility is further enhanced by its proximity to major highways – just one mile from Highway 198 and two miles from Highway 41. Ample on-site surface parking, along with readily available city parking directly in front, ensures convenient access for customers. Prominent signage further enhances visibility and accessibility. The property sits on a 0.24-acre lot. Offered at $2,800,000.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1959
Construction TYPE NOT SPECIFIED
Total area 10,720 SF
Lot 0.24 ac (10,500 SF)
APN 020-054-014-000
UPID US09-1428376

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
  • Auto Parts Store
  • Atm
  • Financial Advisor

Location

338 D St Lemoore, CA 93245-2942
Lemoore metro Census 407 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.65M

Owner & transaction history

since 2021
Last sale
$1.2M
7 recorded transactions
2021
$1.2M
2021
Price N/A
2018
Price N/A
2018
$1.1M
2016
$721,000
2004
Price N/A
1969
Price N/A

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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