Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Hotels
480 11th Ave Hanford, CA 93230-5355
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-2058163
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
9,222 SF
Lot
0.56 ac (24,370 SF)
Zoning code
NC
APN
012-370-010-000
UPID
US10-2058163
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
-
Western States Inn kp Hotel & Motel
-
TRTC Testosterone Replacement Therapy Clinic Health Counselor
-
Geta Xpress Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$785k
Owner & transaction history
Kishorkumar Panchal · 6 yrs held
Kishorkumar Panchal
since 2019
6 recorded transactions
Zoning & alternative use
NC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+105.9%
Auto repair, garage
$1.2M
+103.1%
Office building
$1.1M
+89.8%
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
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$575,000
Current use
RETAIL STORES
$1,180,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +103% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: +90% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$760,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
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
$85 / 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
$16,191
Tax year 2024
Assessed value
$1,495,665
Assessed 2024
Previous assessed
$1,495,665
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$261,294
Assessed improvement
$1,234,371
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
23
Bathrooms
23
Total area
9,222 SF
Lot
0.56 ac (24,370 SF)
Zoning code
NC
APN
012-370-010-000
UPID
US10-2058163
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
HOTEL/MOTEL Current
Est. value
$575,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$960,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Rooms
23
Bathrooms
23
Lot
0.56 ac
Current owner
From public records · entity-resolved
Kishorkumar Panchal
Individual
Mailing address
480 S 11TH AVE, HANFORD, CA 93230-5355
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 17, 2019
$1,400,000
Kishorkumar Panchal
Western States Inn
Grant Deed
$1,030,000 · East West Bank
Jul 11, 2008
$1,650,000
Western States Inn
Vinubhai S Patel
Grant Deed
$825,000 · Premier Commercial Bank
Dec 3, 2004
—
Vinubhal S Patel
—
Trustees Deed
related
$1,170,000 · Community National Bank
Feb 24, 2003
$80,000
Vinubhai S Patel
Elias,tr
Grant Deed
$75,000 · Carlos M & Margaret Elias
Dec 28, 1984
—
Elias,carlos M & Margaret Trust
—
Grant Deed
related
—
—
—
Jasbinder Singh
—
Deed Of Trust
related
$137,500 · Vinubhai & Shantaben Patel
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 480 11th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
