Property profile

304 W Sequoia Cir Porterville, CA 93257

FOR SALE
Office buildings
Property ID
US09-5990221
4,324 SF 0.36 ac lot Built 2003
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding, multi-tenant commercial building constructed in 2003 with approximately 4,600 square feet of total area on an approximately 0.36-acre lot. The property is located off Henderson Avenue and Main Street and contains two separate tenant spaces with distinct addresses; the spaces are approximately 1,741 and 2,859 square feet and can be combined in the future if desired. The interior tenant areas are configured with clean finishes including hard-surface flooring, LED lighting, and recent paint, along with newer HVAC units and roof improvements, and feature updated doors, hinges, and fixtures. The building provides high-speed internet access, separate utilities via individual meters, private ADA restrooms, and private entrances for each space. Exterior improvements include outdoor LED lighting and a private parking area with 23 spaces, along with existing signage and convenient access to CA-65 ramps. The property is suited for retail or flex use, supported by the multi-tenant layout, independent entrances, and separate metering.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2003
Construction STEEL FRAME
Total area 4,324 SF
Lot 0.36 ac (15,681 SF)
Zoning code RM2
APN 247-160-033-000
UPID US09-5990221

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
  • Gym & Fitness Center

Location

304 W Sequoia Cir Porterville, CA 93257
Porterville metro Census 3700 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2017
$116,000
2017
$255,000
2003
Price N/A
1969
Price N/A

Zoning & alternative use

RM2 · Porterville, CA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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