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Property profile & analytics
OFF-MARKET
Commercial land

8220 Lander Ave Hilmar, CA 95324-8323

1,512 SF 0.38 ac lot Built 1950
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US09-1989549
Property summary
AI-generated overview

This exceptional commercial opportunity presents two adjoining lots totaling 23,775 square feet, ideally situated on the prominent corner of Lander Avenue and 1st Street in Hilmar, California. The property encompasses a sizable 0.55-acre parcel, offering significant potential for a variety of commercial ventures. The two lots are identified by their Assessor's Parcel Numbers (APN): 015-070-030-000 and 015-070-005-000. This prime corner location provides excellent visibility and accessibility, making it an attractive site for businesses seeking high traffic exposure. The property is being offered at $699,000. Prospective buyers are advised to independently verify zoning regulations and building codes with the City of Hilmar and the County of Merced to determine the suitability of the property for their intended use. This is a rare opportunity to acquire a substantial commercial property in a desirable location, offering significant development potential. The expansive lot size allows for considerable flexibility in design and construction, catering to a wide range of commercial applications. Don't miss this chance to secure a valuable asset in a growing community. Act quickly, as opportunities like this are seldom available.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 1,512 SF
Lot 0.38 ac (16,550 SF)
APN 015-070-030-000
UPID US09-1989549
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sarbjit Sandhu · 6 yrs held
Sarbjit Sandhu
since 2020
Last sale
$265,000
4 recorded transactions
2020
Price N/A
2020
$265,000
2020
Price N/A
2019
$38,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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