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    225 Kings St Avenal, CA 93204

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    For Sale
    $265,000

    Downtown Avenal, Mixed-Use Opportunity, Renovation Needed

    Property size:
    1,570 SF

    Property Features for 225 Kings St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,570 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Stefanie Silveira Chavez

    Listing Agency: eXp Realty of California, Inc Listing Agent: Stefanie Silveira Chavez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,570 square foot commercial building, situated on a 0.04-acre lot at 225 Kings Street in Avenal, California, presents a unique investment opportunity. Previously operating as a bar, the property boasts a prime downtown location with high foot traffic and excellent visibility. The building's historic charm offers a solid foundation for redevelopment or renovation. A key feature is the inclusion of two separate one-bedroom, one-bathroom apartments located above the commercial space. These apartments provide significant potential for rental income, allowing for owner occupancy or additional revenue streams. The property is currently in need of complete rehabilitation, making it an ideal project for an investor seeking a hands-on renovation or a complete redevelopment. The central downtown location ensures strong exposure and accessibility for any future business venture. This mixed-use property offers a versatile canvas for a variety of uses, from a new commercial enterprise to a fully renovated mixed-use building with residential rental units. The asking price is $265,000. This presents a compelling opportunity for an investor seeking a high-return project in a desirable downtown location. The property's size and location make it an attractive proposition for those looking to capitalize on the potential of Avenal's commercial real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avenal
    County
    Kings
    State
    California
    Longitude
    -120.1354
    Latitude
    36.00274

    Nearby Similar for Sale

    • $225,000
      2,302 SF

      Avenal Retail Investment Opportunity

      Dual-Address Retail Building, High Cash Flow
      229 Kings St, Avenal, CA 93204
      View Details
    • $90,000
      500 SF

      Avenal Retail Space: Prime Location

      Downtown Avenal retail building, 5 acres, high growth potential.
      223 Kings St, Avenal, CA 93204
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Downtown Avenal, Mixed-Use Opportunity, Renovation Needed
    Where is this commercial real estate located?
    The property is located at 225 Kings St Avenal, CA.
    What is the asking price?
    The asking price for this property is $265,000.
    (888) 584-9427
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    225 Kings St Avenal, CA 93204
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    Avenal, CA 93204
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    225 Kings St Avenal, CA 93204
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    We can help!
    Listing Contact
    Stefanie Silveira Chavez
    Real Estate License ID: 02011825
    (888) 584-9427
    Learn more
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