Mixed-Use Property with
New
For Sale
$355,000
184 W Putnam Avenue, Porterville, CA 93257
Commercial Sale, Porterville, CA
Property Size2,700 SF
Lot Size0.09 Acres
Price / SF$131.48
Days on Market1
Property Features for 184 W Putnam Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Head W on Putnam Property is on The N
Subdivision
Porterville SW
Standard status
Active
APN
252188002000
Size
2,700 SF
Lot size
0.09 Acres
Additional Details
Currently Operating
Yes
Mixed-Use Components
retail, residential
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Composition
Buildings
2
Listing Agency:
Five Star Realty
(559) 527-1500
Listed By:
Hector Godinez
(559) 350-8328
Added: Nov 1
Last Checked: Nov 1 at 5:06PM
MLS# 244919
Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property at 184 W Putnam Avenue in Porterville includes 2,700 square feet of property space on a 0.09-acre lot. The commercial building is currently operating as an antique store. A detached garage has been converted into a studio with one bedroom and one bathroom.
The property has central heating and central air conditioning, a composition roof, public water, and public sewer.
The property has central heating and central air conditioning, a composition roof, public water, and public sewer.
Key Highlights
- 2,700 square feet of property space on a 0.09‑acre lot
- Commercial building currently operating as an antique store
- Detached garage converted to a one‑bedroom, one‑bath studio
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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Open Analytics
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 - A one-bedroom, one-bath studio accompanies the commercial space, with central heating and air conditioning.
Where is this mixed-use property located?
The property is located at 184 W Putnam Avenue 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: 2,700 square feet of property space on a 0.09‑acre lot; Commercial building currently operating as an antique store; Detached garage converted to a one‑bedroom, one‑bath studio
