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    450 Kings County Dr Hanford, CA 93230

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    For Lease
    Contact for pricing

    Prime Hanford location, 1,800-2,200 SF.

    Lot size:
    3,713 SF

    Property Features for 450 Kings County Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,713 SF
    Total Rate
    6869.05

    Spaces For Lease

    at 450 Kings County Dr, Hanford, CA 93230 Contact us
    Unit Suite 105

    $22 /Mo

    Size
    2,200 SF
    Contact us

    We can help!

    Listing Contact
    Amber Holscher
    Amber Holscher

    Listing Agency: Commercial Retail Associates Listing Agent: Amber Holscher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hanford Professional Plaza, located at 450 Kings County Drive, Suite 105, Hanford, CA 93230, offers a prime office space opportunity. This single-tenant building totals 3,713 square feet, with 3,713 square feet currently vacant and available for lease. The space is divisible to a minimum of 1,513 square feet and offers a maximum contiguous space of 2,200 square feet, ideal for a variety of businesses. The property boasts excellent visibility and accessibility, situated near the intersection of Lacey Blvd. and Kings County Drive NWQ, a high-traffic area with an average daily count of approximately 27,761 vehicles. This location is in the heart of Hanford, close to Highway 198 and a thriving commercial corridor. The building is well-maintained, and benefits from strong co-tenancy with established businesses including Adventist Health, Baz Allergy and Sinus Center, and Contemporary Family Health. The property is zoned O - Office and includes ample parking, with 5 stalls provided per 1,000 square feet. Hanford serves as the regional commercial center for Kings County, supporting a trade area population of nearly 300,000. The city's strategic location, equidistant from Los Angeles and San Francisco, is further enhanced by recent significant investments, including a new $112 million Adventist Healthcare facility and 1.2 million square feet of recently completed retail development. Hanford's status as the county seat also attracts over 30,000 annual visitors to its historic sites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mackey & Mackey Insurance ... Insurance Agency MYDILI R. MANIAM-MOHAN Physician Kings Behavioral Health ... County Government Office First Pediatrics Pediatrician Owens Valley Career ... Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.66923
    Latitude
    36.3297761

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    FAQs

    What type of property is this?
    Medical office - Prime Hanford location, 1,800-2,200 SF.
    Where is this medical office located?
    The property is located at 450 Kings County Dr Hanford, CA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 3,713 SF single-tenant office building available for lease in Hanford, CA.; Divisible to 1,513 SF minimum, with a maximum contiguous space of 2,200 SF.; High-traffic location near Lacey Blvd. and Kings County Drive, with excellent visibility and accessibility.
    (559) 650-1322 Call to check price and availability
    Request Owner's contact information
    450 Kings County Dr Hanford, CA 93230
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    Hanford, CA 93230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 Kings County Dr Hanford, CA 93230
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    Contact for Pricing
    Please call us for current price
    and status of this listing Amber Holscher
    Amber Holscher
    Real Estate License ID: 02039053
    (559) 650-1322 (559) 650-1300
    Learn more
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