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Property profile & analytics
OFF-MARKET
Investment properties

223 Kings St Avenal, CA 93204-1532

569 SF 0.01 ac lot Built 1973
Individually Owned 5-yr Hold Free & Clear
Property ID
US09-1414006
Property summary
AI-generated overview

This exceptional 500-square-foot retail property, situated on a generous 5-acre lot at 223 Kings Street in Avenal, California, presents a compelling investment opportunity. Currently configured as a water store, the building's adaptable layout allows for a diverse range of commercial uses. Its prime downtown location places it at the heart of Avenal's ongoing revitalization efforts, offering significant potential for future appreciation. The town's commitment to regentrify its core business district makes this a particularly attractive proposition for investors seeking early entry into a burgeoning market. The compact yet efficient design of the 500-square-foot building ensures practicality and functionality for a variety of businesses. Whether continuing its current use as a water store or adapting it to a new commercial venture, this property offers a solid foundation for success. The substantial 5-acre lot provides ample space for expansion or future development, further enhancing its long-term value. This is a rare chance to acquire a well-positioned commercial property in a town experiencing significant positive change. The asking price of $90,000 reflects the exceptional value and growth potential this property offers.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1973
Total area 569 SF
Lot 0.01 ac (568 SF)
APN 040-175-023-000
UPID US09-1414006
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joe L Henderson · 5 yrs held
Joe L Henderson
since 2021
7 recorded transactions
2021
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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