Medical Office
For Sale
Contact for pricing
307-325 Mall Dr, Hanford, CA 93230
Two-building office property positioned across from a hospital and regional shopping center.
Property Size18,167 SF
Price / SF$337.15
Days on Market97
Property Features for 307-325 Mall Dr
General Information
Standard status
Active
Size
18,167 SF
Property subtype
OFFICE
Building Details
Buildings
2
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Scott Buchanan · License #01389446
(559) 289-7962
Source:
Moodyscre
Added: Jul 31
Changed: Oct 26
Last Checked: Nov 3 at 5:53AM
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 Colliers | Fresno
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office complex includes two medical/office buildings totaling 18,167 square feet. The configuration provides a combined professional-services property with medical office functionality across the complex.
The property is located in Hanford, California, directly across from Adventist Health Hospital and Hanford Mall. It sits just south of the signalized intersection of Lacey Boulevard and Mall Drive, placing the complex near established healthcare and retail destinations.
The property is located in Hanford, California, directly across from Adventist Health Hospital and Hanford Mall. It sits just south of the signalized intersection of Lacey Boulevard and Mall Drive, placing the complex near established healthcare and retail destinations.
Key Highlights
- Two medical/office buildings totaling 18,167 square feet
- Across from Adventist Health Hospital
- Across from Hanford Mall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$401,778
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,035,560
$8.0M
Cap Rate 7%
$5,739,686
$5.7M
Cap Rate 9%
$4,464,200
$4.5M
Market Conditions
NOI Build-Up for 18,167 SF
Gross rent
$780.5K $42.96/SF
− Vacancy
−$110.8K −$6.10/SF
EGI
$669.6K $36.86/SF
− OpEx
−$267.9K −$14.74/SF
NOI
$401.8K $22.12/SF
Area
Kings County, CA
Vacancy
14.20%
Lease Rate
$42.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,035,560
Cap Rate 7%
$5,739,686
Cap Rate 9%
$4,464,200
Alternative Uses
Best Use
Healthcare Medical
$5.74M
$5.02M – $6.70M
NOI $401,778 @ 7.0% cap · market cap 6.56%
Second Best
Office B
$3.55M
$3.10M – $4.14M
NOI $248,198 @ 7.0% cap · market cap 4.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
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
Frequently Asked Questions
What type of property is this?
Office building - Two-building office property positioned across from a hospital and regional shopping center.
Where is this office building located?
The property is located at 307-325 Mall Dr Hanford, CA.
What is the asking price?
The asking price for this property is $6,125,000.
What are key features of this property?
This property features: Two medical/office buildings totaling 18,167 square feet; Across from Adventist Health Hospital; Across from Hanford Mall
