Mixed-Use Property with H 1
For Sale
$200,000
10696 Houston Avenue, Hanford, CA 93230
Approximately half an acre is designated H 1 for light industrial and commercial activity.
Property Size840 SF
Price / SF$238.10
Days on Market152
Property Features for 10696 Houston Avenue
General Information
Standard status
Active
Size
840 SF
Property subtype
General Commercial
Amenities
3
60x413 approx
Building Details
Year Built
1934
Listing Agency:
Berkshire Hathaway HomeServices California Realty
(559) 936-8144
Listed By:
Cynthia Kennemer · License #01730399
(559) 936-8144
Source:
Xome
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Realty
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 0.57 acres at 10696 Houston Avenue in Hanford. The site measures approximately 60x413 and carries H 1 zoning, providing a land-use framework identified for light industrial, warehouse storage, manufacturing, distribution, office, and other commercial uses.
The property is positioned within Hanford’s commercial activity and offers access to major routes and local industry. Its location on Houston Avenue supports consideration of industrial, service-based, or combined commercial applications, subject to applicable approvals and operating requirements. The source property record also identifies 1934 as the year built.
The property is positioned within Hanford’s commercial activity and offers access to major routes and local industry. Its location on Houston Avenue supports consideration of industrial, service-based, or combined commercial applications, subject to applicable approvals and operating requirements. The source property record also identifies 1934 as the year built.
Key Highlights
- Approximately 0.57 acres of mixed‑use property
- H 1 zoning supports light industrial and other commercial uses
- Approximate site dimensions of 60x413
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$170,100
$170.1K
Cap Rate 7%
$121,500
$121.5K
Cap Rate 9%
$94,500
$94.5K
Market Conditions
NOI Build-Up for 840 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.1K $18.00/SF
− Vacancy
−$1.5K −$1.80/SF
EGI
$13.6K $16.20/SF
− OpEx
−$5.1K −$6.07/SF
NOI
$8.5K $10.13/SF
Area
Kings County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$170,100
Cap Rate 7%
$121,500
Cap Rate 9%
$94,500
Alternative Uses
Best Use
Mixed Use
$121.5K
$106.3K – $141.8K
NOI $8,505 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$265.4K
$232.2K – $309.6K
NOI $18,577 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 93230, CA
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Approximately half an acre is designated H 1 for light industrial and commercial activity.
Where is this mixed-use property located?
The property is located at 10696 Houston Avenue Hanford, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 0.57 acres of mixed‑use property; H 1 zoning supports light industrial and other commercial uses; Approximate site dimensions of 60x413
