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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
580 11th Ave Hanford, CA 93230
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-3138561
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
7,540 SF
Lot
0.67 ac (29,058 SF)
Zoning code
NC
APN
012-332-014-000
UPID
US09-3138561
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
-
Falling Prices Hanford Discount Store
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$326k
Blend (final)
Blend
$525k
Owner & transaction history
New Valley Horizon INC
New Valley Horizon INC
since 2025
Last sale
$419,000
7 recorded transactions
Zoning & alternative use
NC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$785,000
+52.0%
Industrial (general)
$620,000
+20.0%
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
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Current use
WAREHOUSE, STORAGE
$785,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $419k (Dec 9 2020)
Last sale anchor
$419k
Dec 9 2020
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
$70 / 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
$4,813
Tax year 2024
Assessed value
$444,644
Assessed 2024
Previous assessed
$444,644
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$184,649
Assessed improvement
$259,995
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
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
7,540 SF
Lot
0.67 ac (29,058 SF)
Zoning code
NC
APN
012-332-014-000
UPID
US09-3138561
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$785,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
0.67 ac
Current owner
From public records · entity-resolved
New Valley Horizon INC
Entity
Free & Clear · 0 yrs held
Mailing address
596 S 11TH AVE, HANFORD, CA 93230-5357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
New Valley Horizon INC
Hashim Numi
Quitclaim Deed
related
—
Dec 9, 2020
$419,000
Hashim Numi
Chadrick D Hurst
Grant Deed
$419,000 · Chadrick D Hurst
Sep 4, 2013
—
Chadrick D Hurst
Hurst,yvonne M
Quit Claim Deed
related
$119,000 · Hurst Jerry B Trust (pt)
Sep 4, 2013
$119,000
Chadrick D Hurst
Hurst Jerry B Trust
Grant Deed
related
—
Aug 9, 2013
—
Hurst,jerry B Trust
Hurst Jerry B & E D Trust
Quit Claim Deed
related
—
Mar 1, 2004
—
Hurst,tr
Hurst,jerry B
Quit Claim Deed
related
—
Nov 16, 1990
$360,000
Jerry B Hurst
Brookshier,russe
Grant Deed
$310,000 · Seller
—
—
Jerry B Hurst
—
Deed Of Trust
related
$310,000 · Individual
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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