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Property profile & analytics

217 7th St Hanford, CA 93230-4523

  • Investment properties
  • 5,000 SF
  • 0.12 lot acres
OFF-MARKET
Value Estimation
$455,000
Last Sale
Mar 21, 2023
$385,000
Location Intelligence
Property ID
US09-3600564
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.

Current Use by Public Records

  • Laporsha Foster - Vero Mortgage / Mortgage Broker

Property Details for 217 7th St

Lot size
0.12 lot acres
Property size
5,000 SF
Zone code
DC
Property type
Investment properties
Property subtype
Retail residential properties
APN
012-055-004-000
APU
12055004000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $480,000
  • CAP approach

    CAP return
    Estimation
    6%
    $410,000
    6.5%
    $485,000
    7%
    $415,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $445,000
    Geo Method
    $400,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $430,000
    Retail
    $500,000
    Mixed-Use
    $445,000
    Hospitality
    $425,000
    Educational
    $490,000
    Residential Income
    $520,000
    Energy
    $445,000
    Income-Based Land
    $515,000
    Food Service
    $430,000

Location Insight

  • Map
  • Local Demand
City
Hanford
County
Kings
State
California
Longitude
-119.648
Latitude
36.3259
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
$4,251
$51,000
$341,700
$392,700
-
$0.00
$0.00
$0.00
More about this property
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