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Property profile & analytics
OFF-MARKET Estimated value $9,635,000
Super regional malls

550 11th Ave Hanford, CA 93230-4491

58,416 SF 5.46 ac lot Built 1994
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US09-2594655
Property summary
AI-generated overview

This exceptional Class A retail property, located at 550 N. 11th Avenue (Northwest corner of 11th & Lacey) in Hanford, California, 93230, presents a unique leasing opportunity. The entire 23,154 square foot shopping center is currently available, offering a single, contiguous space ideal for a large-format retailer or a multi-tenant user seeking a prominent location. Built in 2019, the property boasts modern amenities and a high-visibility position within a thriving commercial area. The zoning is designated Commercial/Shopping Center, ensuring flexibility for a variety of retail uses. The building features two suites in total, and there are no elevators. Kings County provides a strong market for retail businesses, and this property's location at the northwest corner of 11th and Lacey avenues guarantees high foot traffic and excellent brand exposure. This is a rare opportunity to secure a substantial, fully vacant retail space in a desirable location. The property's size is not divisible, meaning the entire 23,154 square feet is available for lease. Interested parties should act quickly to secure this prime retail space.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 58,416 SF
Lot 5.46 ac (237,838 SF)
Zoning code MXC
APN 010-500-011-000
UPID US09-2594655
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
  • 99 Cents Only Stores Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.74M
CAP Approach CAP
$11.16M
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.64M
Owner & transaction history
Burlington Coat Factory Of Texas In
Burlington Coat Factory Of Texas In
since 2025
7 recorded transactions
2025
Price N/A
2020
Price N/A
2019
$7.0M
2019
$5.3M
2014
Price N/A
2005
Price N/A
2004
Price N/A
Zoning & alternative use
MXC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $10.6M +164.4%
Commercial (general) $10.5M +163.0%
Retail stores $7.5M +86.5%
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