Corner Auto
For Sale
$949,000
20830 Ave 152, Porterville, CA 93257
The property combines an operating tire business with a month-to-month feed-store tenancy.
Property Size4,890 SF
Price / SF$194.07
Days on Market648
Property Features for 20830 Ave 152
General Information
Standard status
Active
Size
4,890 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Corner Location
Yes
Amenities
3
30x495
Building Details
Year Built
1946
Buildings
1
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(559) 920-2688
Listed By:
Rene Velarde
(559) 920-2688
Source:
Xome
Added: Nov 20, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater Los Angeles, Inc.
Investment Insights
Based on property information with market context.
Located at 20830 Ave 152 in Porterville, this 1946 commercial property contains 4,890 square feet of retail space on just over 1/3 of an acre. The corner site is currently occupied by Leon's Tires, while the other half of the building is leased to a feed store under a month-to-month agreement.
The sale can include the existing inventory and equipment, or be structured around the real estate alone. The property has an established automotive use alongside a separate retail occupant, with the site reportedly exposed to thousands of passersby each day. Its configuration provides a buyer with an operating tire business and an additional occupied portion within the same building.
The sale can include the existing inventory and equipment, or be structured around the real estate alone. The property has an established automotive use alongside a separate retail occupant, with the site reportedly exposed to thousands of passersby each day. Its configuration provides a buyer with an operating tire business and an additional occupied portion within the same building.
Key Highlights
- 4,890‑square‑foot retail building on just over 1/3 of an acre
- Corner property at 20830 Ave 152, Porterville, CA 93257
- Built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,920
$1.4M
Cap Rate 7%
$997,086
$997.1K
Cap Rate 9%
$775,511
$775.5K
Market Conditions
NOI Build-Up for 4,890 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.6K $21.60/SF
− Vacancy
−$5.9K −$1.21/SF
EGI
$99.7K $20.39/SF
− OpEx
−$29.9K −$6.12/SF
NOI
$69.8K $14.27/SF
Area
Tulare County, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,920
Cap Rate 7%
$997,086
Cap Rate 9%
$775,511
Alternative Uses
Best Use
Retail
$997.1K
$872.5K – $1.16M
NOI $69,796 @ 7.0% cap · market cap 7.35%
Second Best
Industrial
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.73M
NOI $103,974 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Leon's New & Used Tires — 20830 Ave 152, Porterville, CA 93257
- Newsom Good Mechanics — 20952 Ave 152, Porterville, CA 93257
- preferred autobody — 21090 Ave 152, Porterville, CA 93257
- Belman Bros Tires — 21124 Ave 152, Porterville, CA 93257
Frequently Asked Questions
What type of property is this?
Auto shop - The property combines an operating tire business with a month-to-month feed-store tenancy.
Where is this auto shop located?
The property is located at 20830 Ave 152 Porterville, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4,890‑square‑foot retail building on just over 1/3 of an acre; Corner property at 20830 Ave 152, Porterville, CA 93257; Built in 1946
