450 Kings County DrHanford, CA 93230

Property Details for 450 Kings County Dr

Year built

2002

Construction

TYPE NOT SPECIFIED

Lot size

0.54 AC

Property size (Sq ft)

11,109 SF

Zone code

O

Property type

Office properties

Property subtype

Office buildings

APN

010-310-027-000

APU

10310027000

Description

Hanford Professional Plaza, located at 450 Kings County Drive, Suite 105, Hanford, CA 93230, offers a prime office space opportunity. This single-tenant building totals 3,713 square feet, with 3,713 square feet currently vacant and available for lease. The space is divisible to a minimum of 1,513 square feet and offers a maximum contiguous space of 2,200 square feet, ideal for a variety of businesses. The property boasts excellent visibility and accessibility, situated near the intersection of Lacey Blvd. and Kings County Drive NWQ, a high-traffic area with an average daily count of approximately 27,761 vehicles. This location is in the heart of Hanford, close to Highway 198 and a thriving commercial corridor. The building is well-maintained, and benefits from strong co-tenancy with established businesses including Adventist Health, Baz Allergy and Sinus Center, and Contemporary Family Health. The property is zoned O - Office and includes ample parking, with 5 stalls provided per 1,000 square feet. Hanford serves as the regional commercial center for Kings County, supporting a trade area population of nearly 300,000. The city's strategic location, equidistant from Los Angeles and San Francisco, is further enhanced by recent significant investments, including a new $112 million Adventist Healthcare facility and 1.2 million square feet of recently completed retail development. Hanford's status as the county seat also attracts over 30,000 annual visitors to its historic sites.

• CAP approach

  CAP return

  Valuation

  6%

  $1,574,882

  6.5%

  $1,453,737

  7%

  $1,349,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,475,166

  Geo Method

  $3,098,411

• Alternative Use

  Use

  Valuation

  Residential

  $1,802,634

  Hospitality

  $1,651,203

  Educational

  $1,373,782

  Medical

  $1,421,028

  Retail

  $2,136,994

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3298

Longitude

-119.669

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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