Property profile

8374 Lacey Blvd Hanford, CA 93230

OFF-MARKET
Investment properties
Property ID
US10-3127094
1,278 SF 1.99 ac lot Built 1942
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4.83-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Hanford, California. Located at 8374 Lacey Blvd, this property boasts a highly desirable location, directly across the street from significant traffic generators such as Costco and other recently established businesses. The two parcels, identified by APNs 014-251-007-000 and 014-251-006-000, are zoned SC, providing flexibility for a variety of commercial ventures. With a total acreage of 4.83 acres, this site offers ample space for substantial development projects. The property's strategic placement ensures high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a growing market. The asking price for this exceptional development opportunity is $750,000. This prime location in Kings County, California, with its proximity to major retailers and high traffic volume, promises significant return on investment. The property's zoning and size make it suitable for a wide range of commercial uses, presenting a unique chance to capitalize on Hanford's expanding commercial landscape. Serious inquiries are encouraged.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1942
Construction TILT-UP CONCRETE
Total area 1,278 SF
Lot 1.99 ac (86,684 SF)
Zoning code CS
APN 014-251-006-000
UPID US10-3127094

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8374 Lacey Blvd Hanford, CA 93230-4884
Hanford metro Census 800 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2023
Last sale
$105,000
5 recorded transactions
2023
Price N/A
2006
Price N/A
2004
$105,000
1997
Price N/A
1991
$90,000

Zoning & alternative use

CS · Hanford, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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