Freestanding Building Investment
304 Sequoia Cir, Porterville, CA
Multi-tenant building with value-add potential near Henderson Ave & Main St.
Type:OFFICE
Property size:
4,324 SFLot size:
0.36 AcresPrice / SF:
$150/SF- Added:
- Nov 25, 2025
- Days on Market:
- 173
- Last Refresh:
- Apr 5 at 10:46 pm
Property Features for 304 Sequoia Cir
General Information
- Standard status
- Active
- Size
- 4,324 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Listing agent Jared Ennis License #01516541
Listing office KW Commercial | Central California (559) 705-1000
Listing date Nov 25, 2025
Source Moodyscre
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
HighLights
- Value‑add opportunity to increase gross annual income to $74,519 within 6‑12 months.
- Potential for 8.7% CAP rate and 10.95% cash‑on‑cash return once stabilized.
- Flexible spaces (1,741 & 2,859 SF) that can be combined, appealing to both owner‑users and investors.
- Long‑term tenants already in place, providing immediate income.
- Well‑maintained building with recent upgrades including paint, flooring, LED lighting, HVAC units, roof, doors, and fixtures.
- Excellent visibility, signage, and access to CA‑65 ramps, plus ample parking (23 spaces plus street).
Overview
This multi-tenant investment opportunity features a freestanding building constructed in 2003, totaling approximately 4,600 square feet, situated on approximately 0.36 acres. The property is located off Henderson Avenue and Main Street and offers two separate spaces with unique addresses, currently leased to long-term tenants under Modified Gross lease agreements. The property presents a value-add opportunity with current annual rents of $44,700 and potential for increased income. The spaces, measuring 1,741 and 2,859 square feet, offer the flexibility to be combined in the future. The building features clean spaces with recent paint, hard-surface flooring, LED lighting, newer HVAC units, a quality roof, and new doors, hinges, and fixtures. It also includes access to high-speed internet, separate meters, private ADA restrooms, private entrances, and outdoor LED lighting. The building provides a private parking area with 23 spaces, existing signage, and convenient access to CA-65 ramps. The property is suitable for retail or flex spaces and offers potential for an owner/user to occupy the units or for an investor to extend the leases. The property is located in an under-built market with a demand for these types of spaces. Stabilized gross annual income is projected to be $74,519 within 6-12 months by addressing under-market rents and extending lease lengths.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$599.3K
NOI $53,941 @ 9.00% cap · cautious / downside scenario
Moderate
$770.6K
NOI $53,941 @ 7.00% cap · market / base-case scenario
Aggressive
$1.08M
NOI $53,941 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $20.04 |
| − Vacancy | −$14.7k | −$3.41 |
| EGI | $71.9k | $16.63 |
| − OpEx | −$18.0k | −$4.16 |
| NOI | $53.9k | $12.47 |
4,324 SF · lease $20.04/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$770.6K
$674.3K – $899.0K
NOI $53,941 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,939 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Built For Life Inc
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.023
- Latitude
- 36.0819
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Multi-tenant building with value-add potential near Henderson Ave & Main St.
Where is this office units located?
The property is located at 304 Sequoia Cir Porterville, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Value‑add opportunity to increase gross annual income to $74,519 within 6‑12 months.; Potential for 8.7% CAP rate and 10.95% cash‑on‑cash return once stabilized.; Flexible spaces (1,741 & 2,859 SF) that can be combined, appealing to both owner‑users and investors.
