Automotive Shop with Central
New
For Sale
$599,000
68 Henderson Avenue, Porterville, CA 93257
Existing automotive improvements provide a practical foundation for continued mechanic-oriented operations.
Property Size3,114 SF
Price / SF$192.36
Days on Market7
Property Features for 68 Henderson Avenue
General Information
Standard status
Active
Size
3,114 SF
Property subtype
General Commercial
Amenities
Central Air
irregular
Building Details
Year Built
1955
Listing Agency:
(559) 310-5681
Listed By:
Independent Broker Network
(559) 310-5681
Source:
Xome
Added: Aug 16
Changed: Aug 22
Last Checked: Aug 22 at 6:30AM
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 Independent Broker Network
Investment Insights
Based on property information with market context.
This 3,114-square-foot commercial property is configured for automotive and mechanic use, with existing improvements that support the current setting. Central air is included, and the building dates to 1955.
The offering includes the real estate only; no operating business is included in the sale. The property provides an established physical framework for an automotive user seeking an owner-occupied location or for continued commercial use consistent with applicable requirements.
The offering includes the real estate only; no operating business is included in the sale. The property provides an established physical framework for an automotive user seeking an owner-occupied location or for continued commercial use consistent with applicable requirements.
Key Highlights
- 3,114 SF commercial property
- Configured for automotive and mechanic use
- Central air included
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
$44,447
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
7.42%
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%
$888,940
$888.9K
Cap Rate 7%
$634,957
$635.0K
Cap Rate 9%
$493,856
$493.9K
Market Conditions
NOI Build-Up for 3,114 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
$67.3K $21.60/SF
− Vacancy
−$3.8K −$1.21/SF
EGI
$63.5K $20.39/SF
− OpEx
−$19.0K −$6.12/SF
NOI
$44.4K $14.27/SF
Area
Tulare County, CA
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$888,940
Cap Rate 7%
$634,957
Cap Rate 9%
$493,856
Alternative Uses
Best Use
Retail
$635.0K
$555.6K – $740.8K
NOI $44,447 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$945.9K
$827.6K – $1.10M
NOI $66,211 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Porterville Ford Service — 701 N Main St, Porterville, CA 93257
- Milinich Body Works — 631 N Sunnyside St, Porterville, CA 93257
- Evolution Window Tint & Auto Glass — 559 N Main St, Porterville, CA 93257
- Beto’s — K St, Porterville, CA 93257
- Dons Towing Service INC — 387 N Hockett St, Porterville, CA 93257
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive improvements provide a practical foundation for continued mechanic-oriented operations.
Where is this auto shop located?
The property is located at 68 Henderson Avenue Porterville, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,114 SF commercial property; Configured for automotive and mechanic use; Central air included
