Technical
Financial
Distress signals
Property profile

229 Kings St Avenal, CA 93204

OFF-MARKET
Investment properties
Property ID
US09-1668990
2,302 SF 0.05 ac lot Built 2007
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property in Avenal, CA, presents a rare investment opportunity. Situated on a single 0.05-acre parcel, this property boasts two separate addresses: 227 and 229 Kings Street. The building at 229 Kings Street is currently occupied by an established and operational bakery, generating immediate rental income with a long-standing tenant. Adding to its financial strength, the unit at 227 Kings Street has recently been leased to a retail store, providing a second stream of consistent revenue. The combined square footage of both units totals 2,302 square feet, offering significant space for potential future expansion or redevelopment. Located in the heart of downtown Avenal, this property benefits from high visibility and convenient access to local businesses and amenities. The dual-address configuration on a single parcel simplifies ownership and management, making it an attractive proposition for investors seeking a diversified and stable income stream. This turnkey investment offers a compelling blend of immediate cash flow and long-term growth potential, making it an ideal addition to any commercial real estate portfolio. The property is priced at $225,000 and presents a unique chance to acquire a well-established, income-producing asset in a thriving downtown location. This is a truly exceptional opportunity not to be missed.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Construction WOOD
Total area 2,302 SF
Lot 0.05 ac (2,302 SF)
APN 040-175-025-000
UPID US09-1668990

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
  • Bakery Specialty Food Shop

Location

229 Kings St Avenal, CA 93204-1532
Avenal metro Census 1702 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
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2025
Last sale
$200,000
7 recorded transactions
2025
$200,000
2021
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A

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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