Half-Court Basketball Fitness
For Sale
$349,000
31902 Country Club Drive, Porterville, CA 93257
COMMERCIAL - Porterville, CA
Property Size3,000 SF
Lot Size0.36 Acres
Price / SF$116.33
Days on Market116
Property Features for 31902 Country Club Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Highway 190 south on River Island drive, west on Country Club to address on right.
Subdivision
Springville
Standard status
Active
APN
284322009000
Size
3,000 SF
Lot size
0.36 Acres
Utilities
Sewer type
Septic Tank
Cooling system
Whole House Fan
Water source
Private
Amenities
basketball gym
whole building fan
RV bay
bathroom
Building Details
Year built
2005
Roof type
Rolled Hot Mop
Listing Agency:
Melson Realty, Inc.
(559) 788-2222
Listed By:
Christina C Costa · License #01722063
(559) 359-9795
Added: Apr 24
Changed: Aug 4
Last Checked: Aug 17 at 11:06AM
MLS# 241277
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.
Investment Insights
Based on property information with market context.
This 3,000-square-foot commercial property includes a half-court basketball gym with a whole-building fan, supporting athletic, training, or recreational use. The building also provides a bathroom and an RV bay sized for an RV over 40 feet. Built in 2005, the property sits on 0.36 acres and includes an on-site parking lot.
The property is located at 31902 Country Club Drive in Porterville, directly across from River Island Country Club. Water is supplied privately and wastewater is handled by a septic tank. The roof is finished with rolled hot-mop material. Its combination of indoor athletic space, vehicle storage capacity, parking, and supporting improvements provides a flexible setting for a fitness-oriented commercial operation or private athletic facility.
The property is located at 31902 Country Club Drive in Porterville, directly across from River Island Country Club. Water is supplied privately and wastewater is handled by a septic tank. The roof is finished with rolled hot-mop material. Its combination of indoor athletic space, vehicle storage capacity, parking, and supporting improvements provides a flexible setting for a fitness-oriented commercial operation or private athletic facility.
Key Highlights
- 3,000‑square‑foot commercial property on 0.36 acres
- Half‑court basketball gym with a whole‑building fan
- RV bay accommodates an RV over 40 feet
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
$26,367
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
7.56%
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%
$527,340
$527.3K
Cap Rate 7%
$376,671
$376.7K
Cap Rate 9%
$292,967
$293.0K
Market Conditions
NOI Build-Up for 3,000 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
$43.2K $14.40/SF
− Vacancy
−$2.6K −$0.88/SF
EGI
$40.6K $13.52/SF
− OpEx
−$14.2K −$4.73/SF
NOI
$26.4K $8.79/SF
Area
Tulare County, CA
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$527,340
Cap Rate 7%
$376,671
Cap Rate 9%
$292,967
Alternative Uses
Best Use
Flex RnD
$376.7K
$329.6K – $439.5K
NOI $26,367 @ 7.0% cap · market cap 7.56%
Second Best
Industrial
$249.5K
$218.3K – $291.1K
NOI $17,465 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$911.3K
$797.4K – $1.06M
NOI $63,788 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Commercial facility includes an RV bay, bathroom, and on-site parking.
Where is this fitness center & gym located?
The property is located at 31902 Country Club Drive Porterville, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 3,000‑square‑foot commercial property on 0.36 acres; Half‑court basketball gym with a whole‑building fan; RV bay accommodates an RV over 40 feet
