425 W 7Th St Hanford, CA 93230
Property profile & analytics
425 W 7Th St Hanford, CA 93230
- Investment properties
- 11,200 SF
- 0.86 lot acres
Property ID
US09-0673857
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.
Location Intelligence
Current Use by Public Records
- agpro insurance / Insurance Agency
- Ruggles Dental Lab / Dental Office
- Hong Tuan Huy La / Dental Office
- Beauty Bar Studios / Hair Salon / Nail Salon
- Nikunj Raiyani / Dental Office
Property Details for 425 W 7Th St
- Year built
- 1985
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.86 lot acres
- Property size
- 11,200 SF
- Zone code
- DC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 012-064-009-000
- APU
- 12064009000
Description
This exceptional Class A office building, known as the "Laundry Building," presents a unique investment opportunity in historic Hanford, California. Built in the early 1900s, this iconic two-story structure offers 16,462 square feet of versatile space currently configured as creative, executive, and traditional office suites. The property boasts a desirable location near downtown Hanford amenities and Highway 198, providing easy access to Visalia and surrounding areas. The building sits on a large private lot with ample parking, a rare find in this location. Currently leased to James G Parker Insurance, this investment property offers a pro-forma cap rate of 6.97% and an asking price of $2,400,000 ($145.79/SF). The property is zoned DC and features the APN 012-064-009. This is a prime opportunity to acquire a historically significant and well-located commercial property with strong income potential. The building's unique character and prime location make it an ideal investment for discerning buyers seeking a blend of history, functionality, and strong returns. The ample parking and convenient access to major thoroughfares further enhance its appeal. This is a rare chance to own a piece of Hanford's history while securing a profitable investment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,745,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,004,000
Market price range: $720k - $2.00M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,485,000 Current use
- RESTAURANT
- $2,155,000 Change: +45% Conversion: Difficult
- OFFICE BUILDING
- $2,065,000 Change: +39% Conversion: Easy
- RETAIL STORES
- $1,335,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.651
- Latitude
- 36.3254
- 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
$14,608
$217,725
$1,131,728
$1,349,453
-
$0.00
$0.00
$0.00
