Downtown Hanford Mixed-Use
For Sale
Contact for pricing
122 E 8th Street, Hanford, CA 93230
Mixed-use property with commercial storefront and two residential units.
Property Size1,290 SF
Lot Size0.21 Acres
Price / SF$282.95
Days on Market181
Property Features for 122 E 8th Street
General Information
Standard status
Active
Size
1,290 SF
Lot size
0.21 Acres
Property subtype
Industrial
Zoning
MX-D
Listing Agency:
CENTURY 21 Jordan-Link & Company Hanford
(559) 259-4361
Listed By:
Larry Harper · License #CA
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 6:40AM
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 CENTURY 21 Jordan-Link & Company Hanford
Investment Insights
Based on property information with market context.
This mixed-use property in Downtown Hanford features a commercial storefront and two residential units. Situated on a lot exceeding 9,000 square feet, the property offers flexibility for operating a business, leasing units, or residing on-site. The property currently generates over $3,100 per month in rental income. Its location is near Civic Park, shops, restaurants, and city services, providing visibility in a high-traffic downtown area. This property is suitable for investors seeking cash flow or owner-occupants looking to combine work and home.
Key Highlights
- Prime Downtown Hanford location with high visibility and historic charm.
- Mixed‑use property: commercial storefront plus two residential units.
- Currently generating over $3,100 per month in rental income.
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
$17,624
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
4.83%
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%
$352,480
$352.5K
Cap Rate 7%
$251,771
$251.8K
Cap Rate 9%
$195,822
$195.8K
Market Conditions
NOI Build-Up for 1,290 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
$31.0K $24.00/SF
− Vacancy
−$7.5K −$5.78/SF
EGI
$23.5K $18.22/SF
− OpEx
−$5.9K −$4.55/SF
NOI
$17.6K $13.66/SF
Area
Kings County, CA
Vacancy
24.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$352,480
Cap Rate 7%
$251,771
Cap Rate 9%
$195,822
Alternative Uses
Best Use
Office B
$251.8K
$220.3K – $293.7K
NOI $17,624 @ 7.0% cap · market cap 4.83%
Second Best
Mixed Use
$186.6K
$163.3K – $217.7K
NOI $13,061 @ 7.0% cap · market cap 3.58%
Theoretical Best
Healthcare Medical
$407.6K
$356.6K – $475.5K
NOI $28,529 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,896
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial storefront and two residential units.
Where is this mixed-use property located?
The property is located at 122 E 8th Street Hanford, CA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Prime Downtown Hanford location with **high visibility and historic charm**.; Mixed‑use property: commercial storefront plus two residential units.; Currently generating over $3,100 per month in rental income.
