Property profile

121 7th St Hanford, CA 93230

OFF-MARKET
Investment properties
Property ID
US09-2029558
13,760 SF 0.18 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional, fully remodeled 15,000 square foot, two-story office building offers six available suites ranging from approximately 148 to 1,490 square feet. Located at 121 W 7th St, Hanford, CA 93230, this property boasts a highly visible downtown location, just blocks from the Courthouse and City Hall. Built in 1900 and extensively renovated in 2024, the building features a "Class A" finish with brand-new hard-surface flooring, upgraded restrooms, crown molding, energy-efficient LED lighting, fresh interior and exterior paint, and secure metal doors. The property sits on a 0.18-acre lot and is zoned MX-D (Downtown Mixed Use), making it suitable for a variety of professional uses, including attorney practices, medical offices, and other professional services. The all-inclusive rate covers utilities and common area maintenance. Convenient access to three public parking lots providing over 200 spaces, plus ample street parking, ensures convenient parking for tenants and clients. The lush landscaping enhances the building's curb appeal. This is an exceptional opportunity to secure prime office space in the heart of downtown Hanford. APN: 012-054-002.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1900
Construction TYPE NOT SPECIFIED
Total area 13,760 SF
Lot 0.18 ac (7,857 SF)
Zoning code DC
APN 012-054-002-000
UPID US09-2029558

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Auto Repair Shop

Location

121 7th St Hanford, CA 93230-4521
Hanford metro Census 902 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$475k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2015
Price N/A
2015
$539,000
2015
Price N/A
1969
Price N/A

Zoning & alternative use

DC · Hanford, CA

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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