Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1126 W 7Th St Hanford, CA 93230
    Back to Search
    Property profile & analytics

    1126 W 7Th St Hanford, CA 93230

    View on Map
    • Investment properties
    • 1,146 SF
    • 0.16 lot acres
    For Sale
    $300,000
    View Listing →
    Commercial Land Near Hanford Mall For Sale
    $300,000
    0.93 Acres

    Commercial Land Near Hanford Mall

    Vacant commercial land suitable for various development projects.

    1126 W 7th St, Hanford, CA 93230
    View Listing
    Property ID
    US09-0821458
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1126 W 7Th St

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,146 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    012-240-004-000
    APU
    12240004000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.663
    Latitude
    36.3254
    CBSA code
    25260
    CBSA name
    HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,148
    $71,400
    $34,680
    $106,080
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.11 Acres

      13405 Hanford Armona Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2.11 Acres
      13405 Hanford Armona Rd, Hanford, CA 93230-9172
      View Details
    • Value Estimation by Request
      1,497 SF

      116 Irwin Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 1,497 SF
      116 Irwin Ct, Hanford, CA 93230-3827
      View Details
    • Value Estimation by Request
      0.28 Acres

      11777 10th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      11777 10th Ave, Hanford, CA 93230-6557
      View Details
    • Value Estimation by Request
      844 SF

      7032 10th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 844 SF
      7032 10th Ave, Hanford, CA 93230-9718
      View Details
    • Value Estimation by Request
      1,560 SF

      11593 10th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      11593 10th Ave, Hanford, CA 93230-6543
      View Details
    • Value Estimation by Request
      3,750 SF

      11432 10th 12th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,750 SF
      11432 10th 12th Ave, Hanford, CA 93230-6110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,290 SF

      Downtown Hanford Mixed-Use Opportunity

      Mixed-use property with commercial storefront and two residential units.
      122 E 8Th St, Hanford, CA 93230
      View Details
    • $435,000
      2,964 SF

      Downtown Hanford Mixed-Use Office Opportunity

      2,964 SF mixed-use building in downtown Hanford.
      610 W 7Th St, Hanford, CA 93230
      View Details
    • $350,000
      0.34 Acres

      Downtown Hanford Mixed-Use Lot

      Commercial lot with structures, zoned for mixed-use development.
      221 E 7Th St, Hanford, CA 93230
      View Details
    • $1,745,454
      2,013 SF

      Hanford, CA Starbucks Investment Opportunity

      Corporately guaranteed Starbucks in Hanford, CA with drive-thru.
      550 W Lacey Blvd, Hanford, CA 93230
      View Details
    • Contact for pricing

      Established Car Wash Business Opportunity

      Operating car wash business for sale in Hanford, California.
      1697 W Lacey Blvd, Hanford, CA 93230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Medical Office Space Available

      Remodeled medical office with nine exam rooms for rent.
      1288 N Irwin St, Hanford, CA 93230
      View Details
    • Contact for pricing

      Remodeled Office Building in Downtown

      Remodeled two-story office building in the heart of downtown.
      312 W 7Th St, Hanford, CA 93230
      View Details
    • $0.60 SF/Yr
      2,720 SF

      Restaurant Building with Planned Drive-Thru

      Freestanding restaurant building with planned drive-thru, ample parking.
      8348 Lacey Blvd, Hanford, CA 93230
      View Details
    • $1.50 SF/Yr
      1,522 SF

      Retail/Office Spaces in Hanford Center

      Retail and office spaces available in high-traffic Hanford location.
      2637-2601 N 11Th Ave, Hanford, CA 93230
      View Details
    • Contact for pricing
      1,884 SF

      Retail Space in High-Traffic Location

      Versatile retail spaces in a sought-after Hanford location.
      1863 W Lacey Blvd, Hanford, CA 93230
      View Details
    • $1,550 /Mo
      1,600 SF

      Retail Space in Renovated Center

      Retail spaces available in a recently renovated shopping center.
      13992 Ada St, Armona, CA 93230
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1126 W 7Th St
    Hanford, CA 93230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1126 W 7Th St, Hanford, CA, 93230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!