Freestanding Industrial
For Sale
$3,600,000
1343 S Main St, Porterville, CA 93257
Remodeled offices support a fully insulated warehouse with truck loading and heavy electrical service.
Property Size42,000 SF
Days on Market194
Property Features for 1343 S Main St
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Warehouse
Building Details
Building Size
42,000 SF
Year Built
1993
Properties For Sale
at 1343 S Main St Contact us- Size
- 42,000 SF
- Lease Type
- NNN
1343 S Main St
Listing Agency:
KW Commercial - Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 705-1000
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 6:59PM
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 KW Commercial - Central California
Investment Insights
Based on property information with market context.
This freestanding industrial property includes approximately 42,000 SF in a steel-beam metal building completed in 1993. The configuration combines a recently remodeled approximately 4,000 SF, two-story office component with an approximately 38,000 SF fully insulated warehouse featuring 21-foot clear height. The building also includes two separate office areas, skylights, LED lighting, fire sprinklers, and fresh interior and exterior paint.
Loading improvements include two side roll-up doors, four ground-level roll-up doors, multiple truck docks, and a rear two-spot truck dock platform. The property carries 240/480 Volt, 3-Phase 4-Wire 800 Amps service and includes a paved yard area. Approximately 2.28 acres support the building, with approximately 4.27 acres of additional expansion land. Located at 1343 S Main St in Porterville, the property is south of the Highway 190 Exit and east of Highway 65.
Loading improvements include two side roll-up doors, four ground-level roll-up doors, multiple truck docks, and a rear two-spot truck dock platform. The property carries 240/480 Volt, 3-Phase 4-Wire 800 Amps service and includes a paved yard area. Approximately 2.28 acres support the building, with approximately 4.27 acres of additional expansion land. Located at 1343 S Main St in Porterville, the property is south of the Highway 190 Exit and east of Highway 65.
Key Highlights
- ±42,000 SF steel‑beam metal industrial building on ±2.28 AC
- ±38,000 SF fully insulated warehouse with 21’ clear height
- Recently remodeled ±4,000 SF two‑story office component
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
$296,913
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
8.25%
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%
$5,938,260
$5.9M
Cap Rate 7%
$4,241,614
$4.2M
Cap Rate 9%
$3,299,033
$3.3M
Market Conditions
NOI Build-Up for 42,000 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
$378.0K $9.00/SF
− Vacancy
−$28.7K −$0.68/SF
EGI
$349.3K $8.32/SF
− OpEx
−$52.4K −$1.25/SF
NOI
$296.9K $7.07/SF
Area
Tulare County, CA
Vacancy
7.59%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$5,938,260
Cap Rate 7%
$4,241,614
Cap Rate 9%
$3,299,033
Alternative Uses
Best Use
Office B
$7.48M
$6.55M – $8.73M
NOI $523,946 @ 7.0% cap · market cap 14.55%
Second Best
Flex RnD
$5.27M
$4.61M – $6.15M
NOI $369,140 @ 7.0% cap · market cap 10.25%
Theoretical Best
Specialty Retail
$12.76M
$11.16M – $14.88M
NOI $893,025 @ 7.0% cap · market cap 24.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stor It Self Storage — 169 W Gibbons Ave, Porterville, CA 93257
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- Porterville Storage — 167 W Poplar Ave, Porterville, CA 93257
Frequently Asked Questions
What type of property is this?
Warehouse - Remodeled offices support a fully insulated warehouse with truck loading and heavy electrical service.
Where is this warehouse located?
The property is located at 1343 S Main St Porterville, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: ±42,000 SF steel‑beam metal industrial building on ±2.28 AC; ±38,000 SF fully insulated warehouse with 21’ clear height; Recently remodeled ±4,000 SF two‑story office component
