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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Hotels
918 Lacey Blvd Hanford, CA 93230-4739
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3290680
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
15,672 SF
Lot
0.95 ac (41,382 SF)
Zoning code
SC
APN
014-221-027-000
UPID
US10-3290680
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
-
Americas Best Value Inn Hanford Hotel & Motel
-
Lacey @ Americas Best Value Inn Transit Station
-
Americas Best Value Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$560k
Owner & transaction history
Patel,jagdish P Living Trust · 5 yrs held
Patel,jagdish P Living Trust
since 2020
6 recorded transactions
Zoning & alternative use
SC · Hanford, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$36 / 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
$8,099
Tax year 2024
Assessed value
$748,179
Assessed 2024
Previous assessed
$748,179
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$110,534
Assessed improvement
$637,645
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
45
Bathrooms
42
Total area
15,672 SF
Lot
0.95 ac (41,382 SF)
Zoning code
SC
APN
014-221-027-000
UPID
US10-3290680
Jurisdiction
KINGS
Zoning & alternative use
SC · Hanford, CAZoning SC · permitted uses
SC · Hanford, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Rooms
45
Bathrooms
42
Lot
0.95 ac
Current owner
From public records · entity-resolved
Patel,jagdish P Living Trust
Trust
Mailing address
8749 LACEY BLVD, HANFORD, CA 93230-4879
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2020
—
Patel,jagdish P Living Trust
Jagdish P Patel
Correction Deed
related
—
Jun 2, 2020
—
Patel,jagdish P Living Trust
Jagdish P Patel
Quit Claim Deed
related
—
Jan 6, 2006
$425,000
Jagdish P Patel
Walter R Newman
Grant Deed
$312,000 · The California Stockmens Bank
Sep 11, 1985
—
Newman,walter R Trust
—
Grant Deed
related
—
—
—
Jagdish P Patel
—
Deed Of Trust
related
$250,000 · County Bank
—
—
Jagdish P Patel
—
Deed Of Trust
related
$1,125,000 · County 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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