Mixed-Use Property with
184 W Putnam Ave, Porterville, CA 93257
For Sale
$355,000
The property combines an operating antique store with a separate studio in a converted detached garage.
Property Size2,700 SF
Price / SF$131.48
Days on Market9
Property Features for 184 W Putnam Ave
General Information
Standard status
Size
Additional Details
Mixed-Use Components
Currently Operating
Building Details
Buildings
Listing Agency:
Five Star Realty
(559) 527-1500
Listed By:
Hector Godinez
(559) 350-8328
Source:
Exprealty
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:02PM
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 Five Star Realty
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Investment Insights
Based on property information with market context.
At 184 W Putnam Ave in Porterville, the property includes a main building currently used as an antique store and a detached garage converted into a studio. The studio has one bedroom and one bathroom, providing a distinct residential component alongside the storefront use.
Key Highlights
- Detached garage converted into a studio with one bedroom and one bathroom
- Main building currently operates as an antique store
- Located at 184 W Putnam Ave in Porterville, California
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,338
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,760
$546.8K
Cap Rate 7%
$390,543
$390.5K
Cap Rate 9%
$303,756
$303.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.6K $18.00/SF
− Vacancy
−$4.9K −$1.80/SF
EGI
$43.7K $16.20/SF
− OpEx
−$16.4K −$6.07/SF
NOI
$27.3K $10.13/SF
Area
Tulare County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,760
Cap Rate 7%
$390,543
Cap Rate 9%
$303,756
Alternative Uses
Best Use
Retail
$550.5K
$481.7K – $642.3K
NOI $38,538 @ 7.0% cap · market cap 10.86%
Second Best
Mixed Use
$390.5K
$341.7K – $455.6K
NOI $27,338 @ 7.0% cap · market cap 7.70%
Theoretical Best
Specialty Retail
$820.1K
$717.6K – $956.8K
NOI $57,409 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an operating antique store with a separate studio in a converted detached garage.
Where is this mixed-use property located?
The property is located at 184 W Putnam Ave Porterville, CA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Detached garage converted into a studio with one bedroom and one bathroom; Main building currently operates as an antique store; Located at 184 W Putnam Ave in Porterville, California
