Corner Office Building with Flex
For Sale
$399,000
1635 Douty Street, Hanford, CA 93230
Flexible professional property with private offices, client amenities, storage, and dedicated on-site parking.
Property Size1,887 SF
Price / SF$211.45
Days on Market8
Property Features for 1635 Douty Street
General Information
Standard status
Active
Size
1,887 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Amenities
private offices
flex space
three bathrooms
kitchen area
dining area
living room
detached garage
basement
Central Air
3
Corner Lot.
irregular
Out Building. Corner, City Road, Asphalt.
Building Details
Year Built
1936
Buildings
2
Tenancy
Single
Owner Occupied
Yes
Abandoned
No
Listing Agency:
Downtown Realty Visalia
(559) 917-9979
Listed By:
Cynthia Monzon
(559) 917-9979
Source:
Xome
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 21 at 5:06AM
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 Downtown Realty Visalia
Investment Insights
Based on property information with market context.
This 1,887-square-foot office building, constructed in 1936, features a residential-style layout adapted for professional use. The interior includes three private office or bedroom rooms, three bathrooms, a kitchen and dining area, and a living room that can accommodate workstations, meetings, or additional offices. Central air supports the workspace, while an ADA-compliant customer restroom and a separate employee restroom add functional amenities.
A detached garage and basement provide storage for files, equipment, supplies, or inventory. The property occupies a corner location at 1635 Douty Street and includes its own private parking lot. The layout may also support residential use, subject to applicable zoning and approvals.
A detached garage and basement provide storage for files, equipment, supplies, or inventory. The property occupies a corner location at 1635 Douty Street and includes its own private parking lot. The layout may also support residential use, subject to applicable zoning and approvals.
Key Highlights
- 1,887‑square‑foot office building constructed in 1936
- Three private office or bedroom rooms and three bathrooms
- ADA‑compliant customer restroom plus dedicated employee restroom
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
$25,780
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
6.46%
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%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 1,887 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
$45.3K $24.00/SF
− Vacancy
−$10.9K −$5.78/SF
EGI
$34.4K $18.22/SF
− OpEx
−$8.6K −$4.55/SF
NOI
$25.8K $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%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Office B
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 6.46%
Second Best
Mixed Use
$272.9K
$238.8K – $318.4K
NOI $19,106 @ 7.0% cap · market cap 4.79%
Theoretical Best
Healthcare Medical
$596.2K
$521.7K – $695.6K
NOI $41,733 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
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?
Office building - Flexible professional property with private offices, client amenities, storage, and dedicated on-site parking.
Where is this office building located?
The property is located at 1635 Douty Street Hanford, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,887‑square‑foot office building constructed in 1936; Three private office or bedroom rooms and three bathrooms; ADA‑compliant customer restroom plus dedicated employee restroom
