505 E 7th St, Hanford, CA
Leased retail space in Hanford's primary retail area.
- Added:
- Jun 27, 2023
- Days on Market:
- 1084
- Last Refresh:
- May 20 at 8:36 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
Listing agent Kevin Land License #01516541 (559) 359-4035
Listing office KW Commercial | Central California (559) 705-1000
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
HighLights
- 100% Leased Investment Opportunity in Prime Hanford Location
- Long‑Term Tenant: Asia Garden (26 Years)
- High Visibility and Easy Access to CA‑198
- Located in a High‑Demand Retail Market
- Convenient Parking
- Excellent Existing Signage
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $17.28 |
| − Vacancy | −$1.7k | −$0.73 |
| EGI | $39.7k | $16.55 |
| − OpEx | −$9.9k | −$4.14 |
| NOI | $29.8k | $12.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.639
- Latitude
- 36.3275
