| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 27th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 N Lemoore Ave, Lemoore, CA, 93245, US |
| Region / Metro | Lemoore |
| Year of Construction | 1981 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 N Lemoore Ave, Lemoore Multifamily Investment
Positioned in a top-quartile neighborhood locally with stable renter demand; according to WDSuite’s CRE market data, occupancy is competitive and ownership costs in the area support sustained reliance on rentals.
The property sits in an Inner Suburb pocket of Lemoore that ranks 6th out of 34 metro neighborhoods, placing it in the top quartile locally. For investors, that standing reflects balanced livability and demand fundamentals rather than boom-and-bust dynamics.
Neighborhood occupancy trends are near the low-90% range and have softened modestly over five years, according to CRE market data from WDSuite. About half of local housing units are renter-occupied, signaling a meaningful tenant base that supports leasing continuity for a 48-unit asset.
Built in 1981, the asset is newer than the neighborhood’s average 1974 vintage. That relative youth can be a competitive advantage versus older stock, while still offering room for targeted system updates or cosmetic upgrades to support rent positioning.
Daily needs are reasonably served: restaurants are comparatively dense for the area, with groceries, pharmacies, parks, and childcare access outperforming many neighborhoods nationally. Average school ratings sit around the middle of the pack, which aligns with workforce housing appeal rather than premium family-centric positioning.
Within a 3-mile radius, population and households have edged higher in recent years and are projected to expand further over the next five years. That growth, alongside an increasing share of middle-to-upper income households, points to a larger renter pool and supports occupancy stability.
Home values are elevated relative to local incomes by national standards, and rent-to-income levels remain manageable for many households. For investors, this combination tends to reinforce renter reliance on multifamily housing while helping preserve retention and pricing discipline.
Safety indicators compare favorably at the neighborhood level: overall crime performance sits above national averages and is competitive among the 34 neighborhoods in the Hanford-Corcoran metro. Nationally, the area trends in the upper half of neighborhoods for safety.
Recent direction is mixed. Property offenses have eased meaningfully year over year, while estimates for violent offenses show an uptick. Investors should underwrite with attention to security, lighting, and resident engagement, while recognizing the broader trend positioning remains comparatively favorable.
- Con Agra Foods — food processing (22.4 miles)
- International Paper — packaging & paper products (33.9 miles)
Regional employers within commuting distance support renter demand and retention through steady workforce needs, notably in food processing and packaging.
1000 N Lemoore Ave offers scale at 48 units in a locally strong neighborhood (top quartile among 34 metro peers) with a sizable renter-occupied base. The 1981 vintage is newer than nearby stock, suggesting competitive positioning versus older assets and selective value-add potential through systems modernization and interior refreshes. Homeownership remains relatively high-cost compared with incomes, which supports sustained rental demand, while rent-to-income levels indicate room for disciplined rent management.
According to CRE market data from WDSuite, neighborhood occupancy remains competitive despite a modest multi-year easing, and 3-mile demographic projections point to a larger household base that can bolster the tenant pipeline. Investors should balance these positives with pragmatic underwriting around average school performance and recent mixed safety trends.
- Top-quartile neighborhood locally among 34 peers, supporting durable renter demand
- 48-unit scale with 1981 construction offers competitive positioning and targeted value-add runway
- Ownership costs elevate reliance on rentals while rent-to-income levels support retention
- 3-mile demographic growth expands the prospective renter pool over the medium term
- Risks: modest occupancy drift, mixed recent safety signals, and average school ratings warrant conservative underwriting