Property profile

217 7th St Hanford, CA 93230

OFF-MARKET
Investment properties
Property ID
US09-3600564
5,000 SF 0.12 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,071 square foot retail/office building, located at 217 W 7th St in Hanford, CA 93230, presents a unique investment opportunity. Built in 1940 and extensively renovated in 2014 and 2021, this single-story building sits on a 0.12-acre lot (APN: 012-055-004) and is zoned MX-D. The property boasts a high-exposure corner location within a densely populated trade area, benefiting from approximately 17,864 cars per day passing by. The interior features three classrooms, two offices, a conference room, a large breakroom, and restrooms, all in move-in ready condition with new carpet and upgraded bathrooms. Ample private parking is available with multiple access points. The building's proximity to Main Street Hanford, a hub for community events, further enhances its appeal. This is an ideal location for a variety of businesses, capitalizing on the high visibility and pedestrian traffic in downtown Hanford. The asking price is $550,000, translating to $108.46 per square foot. Within a 5-mile radius, there are approximately 71,912 residents. This property offers unmatched access and visibility, making it a truly exceptional investment opportunity.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 5,000 SF
Lot 0.12 ac (5,253 SF)
Zoning code DC
APN 012-055-004-000
UPID US09-3600564

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
  • Loan Service Bank

Location

217 7th St Hanford, CA 93230-4523
Hanford metro Census 902 HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2023
Last sale
$385,000
3 recorded transactions
2023
Price N/A
2022
$385,000
2020
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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