Office Unit with
For Sale
$240,000
Pending
211 Keith Street, Hanford, CA 93230
SINGLE_FAMILY - Hanford, CA
Property Size1,375 SF
Lot Size0.15 Acres
Days on Market116
Property Features for 211 Keith Street
General Information
Property type
Residential
Property subtype
Office
Zoning
R16
Interior features
Private Bathrooms
Directions
Redington South/West on Keith
Subdivision
North East Hanford
Special listing conditions
Short Sale
Standard status
Pending
APN
010106005000
Size
1,375 SF
Lot size
0.15 Acres
Listing Agency:
Top Hook Realty, Inc.
Listed By:
Brianne McCallister
(559) 309-1178
Added: Apr 29
Changed: Aug 14
Last Checked: Aug 22 at 7:06AM
MLS# 234097
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,375-square-foot office unit at 211 Keith Street offers an open interior arrangement with a private bathroom, rear room, and basement. The property includes a storefront with broad windows and a backyard area, providing additional on-site space beyond the main building.
The improvements include new flooring, bathroom updates, stucco, and windows. The property is identified with R16 zoning and office-residential use, supporting its stated commercial and residential zoning context. It sits in Hanford, California, within Kings County, and occupies a 0.1492-acre lot.
The improvements include new flooring, bathroom updates, stucco, and windows. The property is identified with R16 zoning and office-residential use, supporting its stated commercial and residential zoning context. It sits in Hanford, California, within Kings County, and occupies a 0.1492-acre lot.
Key Highlights
- 1,375‑square‑foot office unit with open interior layout
- R16 zoning with office‑residential designation
- Storefront with large open windows
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
$18,785
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
7.83%
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%
$375,700
$375.7K
Cap Rate 7%
$268,357
$268.4K
Cap Rate 9%
$208,722
$208.7K
Market Conditions
NOI Build-Up for 1,375 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
$33.0K $24.00/SF
− Vacancy
−$8.0K −$5.78/SF
EGI
$25.0K $18.22/SF
− OpEx
−$6.3K −$4.55/SF
NOI
$18.8K $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%
$375,700
Cap Rate 7%
$268,357
Cap Rate 9%
$208,722
Alternative Uses
Best Use
Office B
$268.4K
$234.8K – $313.1K
NOI $18,785 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$434.4K
$380.1K – $506.8K
NOI $30,409 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
951
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 units - Open-plan office unit with a private bathroom, basement, rear room, and recently updated interior and exterior finishes.
Where is this office units located?
The property is located at 211 Keith Street Hanford, CA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,375‑square‑foot office unit with open interior layout; R16 zoning with office‑residential designation; Storefront with large open windows
