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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Office buildings
869 Lacey Blvd Ste 101 Hanford, CA 93230-4319
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-3270706
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
9,235 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
012-261-030-000
UPID
US10-3270706
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
$1.70M
Blend (final)
Blend
$1.36M
Owner & transaction history
Aayush Properties LLC · 7 yrs held
Aayush Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
CC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+4.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,700,000
Current use
RESTAURANT
$1,780,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10%
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
$147 / 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
$18,025
Tax year 2024
Assessed value
$1,665,073
Assessed 2024
Previous assessed
$1,665,073
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$437,457
Assessed improvement
$1,227,616
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
27
Bathrooms
5
Total area
9,235 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
012-261-030-000
UPID
US10-3270706
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
OFFICE BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
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
1988
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Rooms
27
Bathrooms
5
Lot
0.77 ac
Current owner
From public records · entity-resolved
Aayush Properties LLC
Entity
Mailing address
869 W LACEY BLVD, HANFORD, CA 93230-4300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
—
Aayush Properties LLC
—
Deed
related
$1,343,000 · Cdc Small Business Finance Corp
Dec 21, 2020
—
Aayush Properties LLC
—
Deed
related
$1,562,940 · Zb NA
May 10, 2019
$1,522,500
Aayush Properties LLC
Riddle,john M
Grant Deed
$1,300,000 · Commercial Bk/ca
Feb 5, 2016
—
John M Riddle
Riddle,victoria L
Quit Claim Deed
related
$1,200,000 · Mid Vly Svcs
Jun 8, 2005
$1,545,000
John M Riddle
Richard A Lusby
Grant Deed
$623,200 · Wells Fargo Bank NA
Apr 3, 1997
—
Princeton Trust
Princeton,h J & Sandra
Quit Claim Deed
related
—
Feb 6, 1997
—
Lusby Trust
Lusby,richard A & Loretta R
Quit Claim Deed
related
—
Oct 12, 1989
$1,078,500
Richard A Lusby
Brown,dustin W
Grant Deed
$1,058,000 · Bank Lodi Bank
—
—
Richard A Lusby
—
Deed Of Trust
related
$977,800 · California Stockmens Bank
—
—
John M Riddle
—
Deed Of Trust
related
$643,000 · Cen Cal Business Finance Group
—
—
Richard A Lusby
—
Deed Of Trust
related
$845,000 · Wells Fargo Bank
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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