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Property profile & analytics
OFF-MARKET
Mixed-use properties

8 Northgrand Ave Porterville, CA 93257

544,064 SF 12.49 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses eight parcels totaling 12.49 acres of prime commercial real estate in Porterville, California. The property boasts a substantial 544,064 square feet of land zoned for retail and commercial use, offering significant development potential. Currently, the assemblage includes two single-family residences, one mobile home, and five vacant lots, presenting a diverse range of possibilities for immediate income generation and future expansion. The City of Porterville has officially confirmed the retail/commercial zoning designation for all eight parcels, ensuring a clear path for various development projects. This presents a unique chance to acquire a large-scale property in a growing area. The existing structures provide immediate cash flow, while the vacant land allows for future construction or expansion of existing businesses. The property's size and zoning make it ideal for a variety of commercial ventures, from retail shops and restaurants to light industrial uses. This is a rare opportunity to acquire a significant land holding in a desirable location with confirmed zoning, offering substantial returns for a savvy investor. Please note that the pool store adjacent to the property is not included in this sale. Serious inquiries only. Do not disturb tenants.

Property profile
Verified
Property type Mixed-use properties
Total area 544,064 SF
Lot 12.49 ac (544,064 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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