Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    88 Parcel 2 - 23297 Ave Terra Bella, CA 93270

    Sponsored
    For Sale
    $349,900

    Prime Flex Space, Hwy 65 Visibility

    Property size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional flex space property in Terra Bella, CA, presents a unique investment opportunity. Located at 23297 Ave 88, Parcel 2, this 4,200 square foot building sits on a 1.57-acre lot and boasts high visibility from Highway 65. The property is zoned M-1 Industrial and features two bays, office space, and a restroom. Currently leased at $1,800 per month, this property offers immediate income potential. Its versatile design makes it ideal for a variety of uses, including a contractor's yard, truck yard, or other industrial applications. The building's approximate size is 4,200 square feet, with a range of 3,800 to 4,200 square feet possible. The seller is offering financing options, including seller financing. Additional parcels are available, currently undergoing subdivision. This is a rare opportunity to acquire a well-located, income-producing industrial property in a growing area. The property's address is in Tulare County, CA, zip code 93270. This listing presents a compelling investment opportunity with significant upside potential. The property's location offers excellent access to major transportation routes, enhancing its appeal to a wide range of potential tenants or owner-occupiers.

    Property Features for 88 Parcel 2 - 23297 Ave

    General Information

    Property type
    Flex space
    Square Feet
    3,800 SF
    Lot Size
    68,389 SF

    We can help!

    Listing Contact
    Deepinder Grewal

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Terra Bella
    County
    Tulare
    State
    California
    Longitude
    -119.05368745793
    Latitude
    35.949384380788

    Nearby Comparable

    • $189,000
      0.91 Acres

      Terra Bella - Industrial - Parcel 3

      Flex space • 0.91 Acres
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $399,900
      4,500 SF

      Terra Bella Industrial Flex Space

      Prime Hwy 65 location; vacant, ready to occupy.
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $199,000
      0.91 Acres

      Terra Bella Industrial Land Parcel

      0.91-acre flex space, Hwy 65 visibility
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $190,000
      Pending

      Terra Bella Land with Olives

      10+ acres of land planted with olives in Terra Bella.
      74 Ave, Terra Bella, CA 93270
      View Details
    • $200,000
      Pending

      Terra Bella Agricultural Land Parcel

      5-acre land parcel with hay barns, surrounded by citrus orchards.
      216/Ave 92, Terra Bella, CA 93270
      View Details
    • $2,500,000
      103,000 SF

      Remodeled Cold Storage Facility

      Well-maintained 103,000 sq ft cold storage facility for sale.
      23745 Avenue 112, Porterville, CA 93257
      View Details
    • $940,000
      2,069,971 SF

      Highway 65 Citrus Ranch

      Citrus ranch with commercial zoning and highway access.
      65 Citrus Rnch, Ducor, CA 93218
      View Details
    • $1,531,500

      Vacant Land Near Highway 65

      35.18 acres of vacant land with high traffic exposure.
      1700 Newcomb St, Porterville, CA 93257
      View Details
    • $1,531,500
      35.18 Acres

      Porterville Commercial Land - 35 Acres

      Prime development land near Porterville Airport.
      1447 Scranton Ave, Porterville, CA 93257
      View Details
    • $1,350,000

      Corner Parcel, Shovel Ready Land

      Fully improved corner parcel with excellent access and flexible zoning.
      310 W Gibbons Ave, Porterville, CA 93257
      View Details
    • $1,350,000
      18.43 Acres

      Porterville Industrial Land - 18 Acres

      Prime 18-acre industrial development site in Porterville, CA.
      310 Gibbons Ave, Porterville, CA 93257
      View Details
    • $3,600,000
      42,000 SF

      Freestanding Industrial Building on Main

      42,000 SF industrial building with expansion land available.
      1343 S Main St, Porterville, CA 93257
      View Details

    Nearby Similar for Sale

    • $199,000
      0.91 Acres

      Terra Bella Industrial Land Parcel

      0.91-acre flex space, Hwy 65 visibility
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $399,900
      4,500 SF

      Terra Bella Industrial Flex Space

      Prime Hwy 65 location; vacant, ready to occupy.
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $189,000
      0.91 Acres

      Terra Bella - Industrial - Parcel 3

      Flex space • 0.91 Acres
      23297 Avenue 88, Terra Bella, CA 93270
      View Details

    FAQs

    What type of property is this?
    Flex space - Prime Flex Space, Hwy 65 Visibility
    Where is this flex space located?
    The property is located at 88 Parcel 2 - 23297 Ave Terra Bella, CA.
    What is the asking price?
    The asking price for this property is $349,900.
    Request Owner's contact information
    88 Parcel 2 - 23297 Ave Terra Bella, CA 93270
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88 Parcel 2 - 23297 Ave
    Terra Bella, CA 93270
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88 Parcel 2 - 23297 Ave Terra Bella, CA 93270
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Deepinder Grewal
    Real Estate License ID: CA
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.