Established Restaurant Building on
For Sale
Contact for pricing
Pending
30990 CA-190, Porterville, CA 93257
Freestanding restaurant with highway exposure, RV hookups, and lake views.
Property Size2,450 SF
Lot Size3.01 Acres
Days on Market1392
Property Features for 30990 CA-190
General Information
Standard status
Pending
Size
2,450 SF
Lot size
3.01 Acres
Property subtype
Retail
Zoning
PD-F-M
Investment Type
Owner/User
Building Details
Buildings
3
Tenancy
Single
Listing Agency:
C21 Commercial
Listed By:
Jared Ennis · License #CA
(559) 432-5533
Source:
Crexi
Added: Nov 15, 2022
Changed: Aug 27
Last Checked: Sep 7 at 7:25AM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This established freestanding restaurant building is located in Porterville and offers highway exposure. The property consists of three buildings situated on approximately 3.0079 acres. Antlers, a local restaurant, has been in business for 47 years and is known for its beer, wine, and liquor selection. The bar menu includes tri-tip sandwiches, burgers, tacos, and soups. The restaurant features 12 bar stools, indoor and outdoor seating, and two pool tables with TVs for sports viewing. A two-year-old well with a 2-inch line is reported to be in good working condition. The property offers views of Lake Success, Old Horn Cove, and River Island Country Club. RV hookups are available, and there are three meters, with each tenant responsible for their own utilities. The building size is 2450 square feet.
Key Highlights
- Established freestanding restaurant (Antlers) operating for 47 years with strong local reputation.
- Includes (3) buildings on a ±3.0079 Ac lot with Highway 190 exposure.
- Full bar with beer, wine, and liquor license, plus a diverse food menu.
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
$52,093
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
8.01%
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%
$1,041,860
$1.0M
Cap Rate 7%
$744,186
$744.2K
Cap Rate 9%
$578,811
$578.8K
Market Conditions
NOI Build-Up for 2,450 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
$73.5K $30.00/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$69.5K $28.35/SF
− OpEx
−$17.4K −$7.09/SF
NOI
$52.1K $21.26/SF
Area
Tulare County, CA
Vacancy
5.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,041,860
Cap Rate 7%
$744,186
Cap Rate 9%
$578,811
Alternative Uses
Best Use
Specialty Retail
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
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.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding restaurant with highway exposure, RV hookups, and lake views.
Where is this bar & pub located?
The property is located at 30990 CA-190 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: Established freestanding restaurant (Antlers) operating for 47 years with strong local reputation.; Includes (3) buildings on a ±3.0079 Ac lot with Highway 190 exposure.; Full bar with beer, wine, and liquor license, plus a diverse food menu.
