319 Mall DrHanford, CA 93230

  • Office properties
  • 6,654 SF
For Sale
$2,200,000 View listing

Property Details for 319 Mall Dr

Year built
2010
Construction
TYPE NOT SPECIFIED
Lot size
0.71 AC
Property size (Sq ft)
6,654 SF
Property type
Office properties
Property subtype
Office buildings
APN
011-060-047-000
APU
11060047000

Description

This exceptional Class A medical office building, located at 319 Mall Drive in Hanford, California, presents a rare investment opportunity. The 6,654 square foot property, built in 2010, sits on a 31,066 square foot lot and is priced at $2,200,000 ($330.63/SF). Ideally situated on Mall Drive, it boasts prominent pad exposure and is conveniently located within walking distance of Adventist Health Hospital and Hanford Mall. The building is a fully built-out, move-in ready surgery center, already equipped with two large surgery rooms, a backup generator, a medical gas system, and features designed to meet OSHPD standards. This turnkey facility offers significant cost savings compared to constructing a new facility, making it an attractive option for surgeons seeking a high-quality, hospital-grade environment. The property is ASC certified, ensuring compliance with relevant regulations. This is a truly exceptional opportunity to acquire a well-appointed, strategically located medical office building in a thriving California market. The property's amenities and prime location make it an ideal investment for medical professionals seeking a cost-effective and efficient space to establish or expand their practice.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $943,313
    6.5%
    $870,750
    7%
    $808,554
  • Comparable approach

    Method
    Valuation
    Relative Method
    $883,586
    Geo Method
    $1,855,867
  • Alternative Use

    Use
    Valuation
    Residential
    $1,079,730
    Hospitality
    $989,027
    Educational
    $822,859
    Medical
    $851,159
    Retail
    $1,280,003
319 Mall Dr, Hanford, California

Location Insight

City
Hanford
County
Kings
State
California
Latitude
36.3264
Longitude
-119.668
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
$22,469
$552,963
$1,522,674
$2,075,637
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