Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    505 E 7th St Hanford, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Leased retail space in Hanford's primary retail area.

    Type:RETAIL
    Property size:
    2,400 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $218/SF
    Added:
    Jun 27, 2023
    Days on Market:
    1038
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 505 E 7th St

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.17 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis License #01516541

    Listing office KW Commercial | Central California

    Listing date Jun 27, 2023

    Source Moodyscre

    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 KW Commercial | Central California

    Overview

    Retail Space in Prime Location

    This property offers approximately 2,400 square feet of retail space on approximately 0.1722 acres in Hanford, California. The property is located in Hanford’s primary retail area, with convenient access to a major highway. It features many front parking spaces and existing signage. The property is currently 100% leased. Asia Garden, a Chinese restaurant, has been a tenant at this location since 1996.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Asia Garden Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.639
    Latitude
    36.3275

    Nearby Similar for Sale

    • $80,000

      Hanford Commercial Property For Sale

      Commercial property in Hanford, CA, zoned for multiple uses.
      908 N Douty Street, Hanford, CA 93230
      View Details
    • $595,000
      3,206 SF

      Victorian Quadruplex in Downtown Hanford

      Downtown Hanford quadruplex with seller financing and desirable amenities.
      132 E 10th Street, Hanford, CA 93230
      View Details
    • $749,900
      7,606 SF

      Industrial Building on 1.78 Acres

      Industrial building with warehouse, office space, and fenced yard.
      415 W 3rd St, Hanford, CA, 93230-5014
      View Details
    • $1,745,454
      2,013 SF

      Hanford, CA Starbucks Investment Opportunity

      Corporately guaranteed Starbucks in Hanford, CA with drive-thru.
      550 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $4,185,000
      22,624 SF

      Hanford Retail Anchor Space Available

      22,624 SF retail space in Hanford Towne Center.
      510-826 N 11th Ave, Hanford, CA
      View Details
    • $1,400,000

      Hanford Multifamily Investment Opportunity

      Four updated units on 19.4 acres in Hanford, California.
      11544 S 10th Avenue, Hanford, CA 93230
      View Details
    • $1,625,000
      21,450 SF

      Leased Commercial Building Investment Opportunity

      Leased freestanding commercial building with high visibility and upside potential.
      208 N Douty St, Hanford, CA
      View Details
    • $625,000
      9,338 SF

      Downtown Hanford Retail Space For Sale

      Prime retail space in historic downtown Hanford, California.
      216 N Irwin St, Hanford, CA
      View Details
    • $450,000
      896 SF

      Retail Property in Hanford, CA

      Retail property for sale in Hanford, California.
      11005 S 10th Avenue, Hanford, CA 93230
      View Details
    • $2,017,552
      4,939 SF

      NNN Property with High Cap

      NNN property with a 5.90% cap rate for sale.
      427 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $1,150,000
      10,000 SF

      Industrial Warehouse Building For Sale

      Industrial warehouse building for sale in Hanford, California.
      13321 Hanford Armona Rd, Hanford, CA
      View Details
    • $599,000
      2,173 SF

      Profitable Shell Food Mart

      Established gas station and convenience store with long-term lease.
      620 W 7th St, Hanford, CA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Leased retail space in Hanford's primary retail area.
    Where is this conventional restaurant located?
    The property is located at 505 E 7th St Hanford, CA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 100% Leased Investment Opportunity in Prime Hanford Location; Long‑Term Tenant: Asia Garden (26 Years); High Visibility and Easy Access to CA‑198
    (559) 705-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: 01516541
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!