Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Avenue 136 Porterville, CA 93257
    Back to Search
    Property profile & analytics

    Avenue 136, Porterville, CA 93257

    View on Map
    • Land
    • 36.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Avenue 136

    Lot size
    36.74 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 36.74-acre agricultural property, located just west of Porterville, California, presents a compelling investment opportunity. Currently used for alfalfa farming, this land boasts excellent soil conditions ideal for permanent plantings. Situated on the south side of Avenue 136 and west of Road 208, in Tulare County, CA, 93257 (APN: 302-020-046), the property benefits from a dual water source: the Lower Tule River Irrigation District and a productive agricultural well. A recent July 2023 test revealed the well pump yields approximately 586 gallons per minute. The property is zoned AE-20 and is within the Lower Tule River Irrigation District GSA. Offered at $900,000 ($24,496/acre), this location provides a strong foundation for continued agricultural success. Its prime location and reliable water supply make it an attractive investment for farming operations seeking fertile land and dependable irrigation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Porterville
    County
    Tulare
    State
    California
    Longitude
    -119.112
    Latitude
    36.0369

    Comparable in this City

    • Value Estimation by Request
      18.43 Acres

      310 Gibbons Ave

      Farms
      310 Gibbons Ave, Porterville, CA 93257
      View Details
    • Value Estimation by Request
      116.26 Acres

      Road 192

      Farms
      0 Road 192, Terra Bella, CA 93257
      View Details
    • Value Estimation by Request
      24.72 Acres

      Road 208

      Farms
      0 Road 208, Terra Bella, CA 93257
      View Details
    • Value Estimation by Request
      46.50 Acres

      Main & Reed Ave

      Farms
      0 Main & Reed Ave, Porterville, CA 93257
      View Details
    • Value Estimation by Request
      40.00 Acres

      Road 284

      Farms
      0 Road 284, Porterville, CA 93257
      View Details
    • Value Estimation by Request
      79.90 Acres

      184 Porterville

      Farms
      184 Porterville, Porterville, CA 93257
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Citrus Farm with Multiple Varieties

      Established citrus farm featuring diverse fruit varieties and irrigation system.
      31300 Success Valley Dr, Porterville, CA 93257
      View Details
    • $4,485,600

      Land on South Beverly Street

      Large open lot on South Beverly Street in Porterville, CA.
      1692 S Beverly St, Porterville, CA 93257
      View Details
    • $816,690

      Land Available in Porterville, CA

      Land on Road 208, Porterville, CA. Use Google Maps.
      16605 Road 208, Porterville, CA 93257
      View Details
    • $449,000
      28.90 Acres

      Land in Porterville, CA

      28.9+/- acres in the County, close to the City.
      Scranton Ave, Porterville, CA 93257
      View Details
    • $200,000
      4.57 Acres

      Expansive Land Parcel in Porterville

      4.48-acre parcel with building pad and city utilities.
      1485 N Highland Dr, Porterville, CA 93257
      View Details
    • Contact for pricing

      2.18 Acres of Land Available

      Three parcels totaling 2.18 acres with utilities nearby.
      832 W Olive Ave, Porterville, CA 93257
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant use, 3,900 SqFt.
      S Lotas St, Porterville, CA 93257
      View Details
    • Contact for pricing

      Commercial Storage Land For Rent

      Prime commercial land with highway access, ideal for storage.
      2150 S Prospect St, Porterville, CA 93257
      View Details
    • Contact for pricing

      Warehouse with Fenced Yard

      4,160 SF warehouse with 1.5 AC fenced yard.
      700 S Plano St, Porterville, CA 93257
      View Details
    • Contact for pricing

      Improved Land For Lease

      Rare industrial land available for lease in Porterville, California.
      225 W Springville Ave, Porterville, CA 93257
      View Details
    • Contact for pricing

      Porterville Industrial Land for Lease

      Improved industrial land available for lease in Porterville, California.
      580 S Jaye St, Porterville, CA 93257
      View Details
    • Contact for pricing

      Commercial Land in Developing Area

      Prime commercial land with frontage and high traffic exposure.
      1053 W Northgrand Ave, Porterville, CA 93257
      View Details
    Request Owner's contact information
    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.
    Avenue 136
    Porterville, CA 93257
    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
    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

    Thank You for Inquiry
    Avenue 136, Porterville, CA, 93257
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!