Medical Office with Exam
For Sale
Contact for pricing
351 Mall Dr, Hanford, CA 93230
Purpose-built medical office configuration with reception areas, restrooms, and clinical improvements for healthcare operations.
Property Size5,904 SF
Price / SF$415.82
Days on Market95
Property Features for 351 Mall Dr
General Information
Standard status
Active
Size
5,904 SF
Class
A
Property subtype
OFFICE
Building Details
Year Built
2008
Listing Agency:
Colliers | Fresno
(559) 221-1271
Listed By:
Scott Buchanan · License #01389446
(559) 289-7962
Source:
Moodyscre
Added: Jul 31
Changed: Nov 1
Last Checked: Nov 1 at 5:45AM
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 5,904-square-foot medical office property was built in 2008 and includes a configuration designed for clinical use. The interior provides up to four exam rooms, six restrooms, and two separate waiting or reception areas, along with additional medical improvements. The layout offers a substantial existing foundation for a healthcare practice seeking an established office environment.
The building fronts Mall Drive and is within walking distance of Adventist Health Hospital and Hanford Mall. It is part of a medical and office complex on Mall Drive, providing a setting aligned with healthcare and professional office users. The combination of clinical rooms, multiple restrooms, reception capacity, and direct road frontage distinguishes the property within its market.
The building fronts Mall Drive and is within walking distance of Adventist Health Hospital and Hanford Mall. It is part of a medical and office complex on Mall Drive, providing a setting aligned with healthcare and professional office users. The combination of clinical rooms, multiple restrooms, reception capacity, and direct road frontage distinguishes the property within its market.
Key Highlights
- 5,904‑square‑foot medical office property built in 2008
- Up to four exam rooms for clinical operations
- Six restrooms and two waiting or reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,572
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,611,440
$2.6M
Cap Rate 7%
$1,865,314
$1.9M
Cap Rate 9%
$1,450,800
$1.5M
Market Conditions
NOI Build-Up for 5,904 SF
Gross rent
$253.6K $42.96/SF
− Vacancy
−$36.0K −$6.10/SF
EGI
$217.6K $36.86/SF
− OpEx
−$87.0K −$14.74/SF
NOI
$130.6K $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%
$2,611,440
Cap Rate 7%
$1,865,314
Cap Rate 9%
$1,450,800
Alternative Uses
Best Use
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,572 @ 7.0% cap · market cap 5.32%
Second Best
Office B
$1.15M
$1.01M – $1.34M
NOI $80,660 @ 7.0% cap · market cap 3.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Swasey Rhett DVM — 1417 Glendale Ave, Hanford, CA 93230
- Hanford Veterinary Hospital — 1417 Glendale Ave, Hanford, CA 93230
- Lacey Animal Hospital Hanford — 1863 W Lacey Blvd, Hanford, CA 93230
- Burgess G Francis DVM — CLOSED, 905 Campus Dr, Hanford, CA 93230
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical office configuration with reception areas, restrooms, and clinical improvements for healthcare operations.
Where is this medical office space located?
The property is located at 351 Mall Dr Hanford, CA.
What is the asking price?
The asking price for this property is $2,455,000.
What are key features of this property?
This property features: 5,904‑square‑foot medical office property built in 2008; Up to four exam rooms for clinical operations; Six restrooms and two waiting or reception areas
