Property profile

1126 W 7Th St Hanford, CA 93230

FOR SALE
Investment properties
Property ID
US09-0821458
1,146 SF 0.16 ac lot Built 1951
Individually Owned 3-yr Hold Absentee Owner
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Property summary

AI-generated overview

This ±0.93-acre parcel of vacant commercial land presents a unique development opportunity in Hanford, CA. Located at 1126 W 7th St, this strategically positioned property boasts an MX-C zoning designation, allowing for a variety of commercial and residential uses, including multifamily, office, and retail developments. The site is exceptionally well-situated near the Hanford Mall and benefits from high visibility and convenient access to CA-198, providing easy connections to Visalia, Lemoore, Fresno, and Tulare. Daily traffic counts on nearby major thoroughfares, including CA-198 and 11th Avenue, exceed 78,898 vehicles, ensuring significant exposure for any development. The property is shovel-ready, with all wet and dry utilities already in place. Its rectangular shape and proximity to existing residential areas make it ideal for multifamily projects. The site's location conforms to all relevant policies, avoids traffic congestion, and offers adequate road capacity. Existing traffic ramps further enhance accessibility. This is a rare opportunity to acquire a prime development site in a thriving area with exceptional infrastructure and high traffic volume. The APN is 012-240-004 & 012-240-030. The asking price is $300,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1951
Construction WOOD
Total area 1,146 SF
Lot 0.16 ac (7,000 SF)
APN 012-240-004-000
UPID US09-0821458

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1126 W 7Th St Hanford, CA 93230
Hanford metro Census 1002 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2022
Last sale
$275,000
5 recorded transactions
2022
$275,000
2015
Price N/A
2001
$60,000
2000
Price N/A
1999
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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