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    For Sale (24)

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    One Acre Lot in Wasco
    $40,000
    1.00 Acre

    One Acre Lot in Wasco

    One-acre lot suitable for mobile home or new construction.

    Trak #1222, Wasco, CA 93280
    View details
    Commercial Land in Porterville, CA
    $494,900
    2.00 Acres

    Commercial Land in Porterville, CA

    Corner lot suitable for commercial development in Porterville, CA.

    Henderson Ave, Porterville, CA 93257
    View details
    Hilltop Land with Valley Views
    $179,000
    5.07 Acres

    Hilltop Land with Valley Views

    5.07 acre homesite with city utilities and views.

    1495 N Highland Dr, Porterville, CA 93257
    View details
    Buildable Land Near Sequoia Monument
    Contact for pricing
    0.60 Acres

    Buildable Land Near Sequoia Monument

    Flat, buildable lot near Giant Sequoia Monument.

    57525 Ponderosa Dr, Springville, CA 93265
    View details
    New Visalia Duplex with Solar
    $580,000
    955 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex in a prime Visalia location.

    2928 E Tulare Ave, Visalia, CA 93292
    View details
    Land in California Hot Springs
    Contact for pricing
    1.41 Acres

    Land in California Hot Springs

    Three parcels with natural spring water access in California.

    32 33&34 Capanero Oaks Ct, California Hot Springs, CA 93207
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    Land in Sierra Nevada Mountains
    $55,000
    1.08 Acres

    Land in Sierra Nevada Mountains

    One-acre lot with trees, rocks, and seasonal creek.

    58303 Carter Dr, Springville, CA 93265
    View details
    Land with Fantastic Views
    Contact for pricing
    1.56 Acres

    Land with Fantastic Views

    Two lots with natural hot spring water source.

    27 Capanero Oaks Ct, California Hot Springs, CA 93207
    View details
    Commercial Lot in Porterville, CA
    $79,000
    0.19 Acres

    Commercial Lot in Porterville, CA

    Commercial lot near downtown Porterville, suitable for various businesses.

    431 N Sunnyside St, Porterville, CA 93257
    View details
    New Visalia Duplex with Solar
    $580,000
    1,910 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex with modern design in Visalia, CA.

    3220 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $595,000
    1,910 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex in a prime Visalia location.

    3232 E Tulare Ave, Visalia, CA 93292
    View details
    New Construction Energy-Efficient Duplex
    $580,000
    955 SF

    New Construction Energy-Efficient Duplex

    New construction duplex with modern design and energy efficiency.

    3104 E Tulare Ave, Visalia, CA 93292
    View details
    New Construction Duplex in Visalia
    $580,000
    955 SF

    New Construction Duplex in Visalia

    New, energy-efficient 2-bed, 2-bath duplex in a prime location.

    3028 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    955 SF

    New Visalia Duplex with Solar

    New construction duplex featuring energy-efficient design and modern amenities.

    3014 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    955 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex with modern design in Visalia.

    2940 E Tulare Ave, Visalia, CA 93292
    View details
    New Construction Duplex in Visalia
    $580,000
    955 SF

    New Construction Duplex in Visalia

    New energy-efficient 2-bed/2-bath duplex in a prime location.

    3002 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    1,910 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex in a prime Visalia location.

    3112 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    1,910 SF

    New Visalia Duplex with Solar

    New construction, energy-efficient duplex in a prime Visalia location.

    3122 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    1,910 SF

    New Visalia Duplex with Solar

    New construction duplex with modern design and energy efficiency.

    3136 E Tulare Ave, Visalia, CA 93292
    View details
    New Visalia Duplex with Solar
    $580,000
    1,910 SF

    New Visalia Duplex with Solar

    New energy-efficient duplex with modern design in a prime location.

    3208 E Tulare Ave, Visalia, CA 93292
    View details
    One Acre Lot in Wasco
    $40,000
    1.00 Acre

    One Acre Lot in Wasco

    One acre lot suitable for various residential purposes.

    Trak #1226, Wasco, CA 93280
    View details
    Mountain Parcel with Large Barn
    $195,000
    13.88 Acres

    Mountain Parcel with Large Barn

    13.88 acres with a barn in California Hot Springs.

    40587 Hot Spring Rd, California Hot Springs, CA 93207
    View details
    Commercial Lots on Corner Location
    $494,900

    Commercial Lots on Corner Location

    Three commercial lots totaling 2 acres at busy intersection.

    Henderson/Plano, Porterville, CA 93257
    View details
    Corner Land at Major Intersection
    $494,900
    88,514 SF

    Corner Land at Major Intersection

    Commercial land available at the intersection of two major roads.

    NW Of Plano St And Henderson Ave, Porterville, CA
    View details

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    Melson Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Melson Realty
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