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Property profile & analytics
FOR SALE
Retail properties & Spaces
703 W Lacey Blvd Hanford, CA 93230
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1391585
For Sale
1 / 2
$3,850,000
703 W Lacey Blvd, Hanford, CA 93230
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
16,750 SF
Lot
1.48 ac (64,348 SF)
Zoning code
CC
APN
012-261-039-000
UPID
US09-1391585
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.28M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$3.42M
Blend (final)
Blend
$3.38M
Owner & transaction history
Af Savannah LLC · 3 yrs held
Af Savannah LLC
since 2023
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
CC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+61.3%
Office building
$3.1M
+54.3%
Commercial (general)
$2.2M
+10.9%
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
$4,265,000
ML approach
$4,280,000
CAP Approach
CAP Return
Estimation
6%
$2,760,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
RESTAURANT
$3,225,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$3,085,000
Change: +54% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,220,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $3.43M (Jan 25 2023)
Last sale anchor
$3.43M
Jan 25 2023
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
$201 / 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
$37,856
Tax year 2024
Assessed value
$3,497,070
Assessed 2024
Previous assessed
$3,497,070
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,669,740
Assessed improvement
$1,827,330
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
16,750 SF
Lot
1.48 ac (64,348 SF)
Zoning code
CC
APN
012-261-039-000
UPID
US09-1391585
Jurisdiction
KINGS
Zoning & alternative use
CC · Hanford, CA
Zoning CC · permitted uses
CC · Hanford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
OFFICE BUILDING
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
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Af Savannah LLC
Entity
Mailing address
11910 GREENVILLE AVE STE #400, DALLAS, TX 75243-9364
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$3,428,500
Af Savannah LLC
Acv Hanford LLC
Special Warranty Deed
$8,232,000 · Vista Bank
Aug 8, 2005
—
Acv Hanford LLC
Thrifty Payless INC
Corporation Deed
$2,250,000 · Bear Stearns Commercial Mortgage In
Jul 30, 1985
—
—
—
Grant Deed
related
—
—
—
Acv Hanford LLC
—
Deed Of Trust
related
$2,855,000 · Miscellaneous Ins Co
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?”
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