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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Agricultural properties
961 3rd St, Hanford, CA 93230-5266
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1292501
Property profile
Verified
Property type
Agricultural properties
Use group
FARM SUPPLY & EQUIPMENT
Year built
1977
Total area
9,820 SF
Lot
3.11 ac (135,471 SF)
Zoning code
L1
APN
016-032-019-000
UPID
US09-1292501
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
-
Quality Machinery Center Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Quality Machinery Center · 16 yrs held
Quality Machinery Center
since 2009
5 recorded transactions
Zoning & alternative use
L1 · 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,025,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$810,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$66 / 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
$24,037
Tax year 2024
Assessed value
$2,099,440
Assessed 2024
Previous assessed
$2,099,440
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$650,000
Assessed improvement
$1,449,440
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
Agricultural properties
Use group
FARM SUPPLY & EQUIPMENT
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
9,820 SF
Lot
3.11 ac (135,471 SF)
Zoning code
L1
APN
016-032-019-000
UPID
US09-1292501
Jurisdiction
KINGS
Zoning & alternative use
L1 · Hanford, CA
Zoning L1 · permitted uses
L1 · 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
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$810,000
WAREHOUSE, STORAGE
INDUSTRIAL (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
1977
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
3.11 ac
Current owner
From public records · entity-resolved
Quality Machinery Center
Individual
Mailing address
3820 S K ST, TULARE, CA 93274-7181
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2016
—
Quality Machinery Center
—
Trustees Deed
related
$980,000 · Citizens Busn Bk
Oct 22, 2009
$1,500,000
Quality Machinery Center
Kjar,stanley J & Pamela G
Grant Deed
$2,000,000 · Kings Equipment Co INC
Sep 30, 2004
$280,000
Stanley J Kjar
Plaskett Glenn R Trust
Grant Deed
$421,000 · Federal Land Bank Assn Kingsbu
Jul 8, 2004
—
Plaskett,tr
Plaskett,tr
Quit Claim Deed
related
—
Feb 3, 1977
—
Kjar,stanley J 50%|kings County Equipment
—
Grant Deed
related
—
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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