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    Ca-190 Porterville, CA 93257
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    Ca-190, Porterville, CA 93257

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Ca-190

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 3.84± acre vacant land parcel presents a remarkable opportunity for retail development in Porterville, California. Strategically located at the southwest corner of Jaye Street and Highway 190, this signalized intersection boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any commercial venture. The property's location within Porterville's burgeoning retail corridor places it in close proximity to a variety of established businesses, including Lowe's, Home Depot, ALDI, Harbor Freight, Starbucks, Panda Express, Burger King, Denny's, and Les Schwab Tire Center. Further enhancing its appeal, the site benefits from its proximity to Walmart's Central California Distribution Center, just a quarter-mile away, generating substantial daily traffic flow from hundreds of employees. This prime location offers unparalleled access and visibility, making it an ideal site for a variety of retail uses. The asking price for this exceptional property is $2,000,000. Don't miss this chance to secure a prominent position in a thriving retail market. The property is zoned for retail use (verification of zoning with local authorities is recommended).

    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
    -118.921
    Latitude
    36.0547

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      190 Jaye St

      Lifestyle centers
      190 Jaye St, Porterville, CA 93257
      View Details
    • Value Estimation by Request
      1,042,390 SF

      190 And Jaye St

      Lifestyle centers
      190 And Jaye St, Porterville, CA 93257
      View Details
    • Value Estimation by Request
      0.27 Acres

      1235 Roche St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1235 Roche St, Porterville, CA 93257-6006
      View Details
    • Value Estimation by Request
      0.27 Acres

      806 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      806 Main St, Porterville, CA 93257-1651
      View Details
    • Value Estimation by Request
      1,296 SF

      1791 Springville Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1791 Springville Ave, Porterville, CA 93257-5735
      View Details
    • Value Estimation by Request
      18.24 Acres

      1018 Teapot Dome Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1018 Teapot Dome Ave, Porterville, CA 93257-9766
      View Details

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      Highway Frontage Development Opportunity

      Prime development site catering to Porterville's growing population.
      190 And Jaye St, Porterville, CA 93257
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      2.18 Acres of Land Available

      Three parcels totaling 2.18 acres with utilities nearby.
      832 W Olive Ave, Porterville, CA 93257
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      Land For Sale Porterville

      Land available for purchase in Porterville, California.
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    Similar Nearby for Lease

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      4,500 SF

      Retail Space in Porterville

      Retail property available for lease in Porterville, California.
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      Retail Space in Porterville

      Retail property available for lease in Porterville, California.
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      Land For Rent

      Land available for single tenant use, 3,900 SqFt.
      S Lotas St, Porterville, CA 93257
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    • $1,600 /Mo
      1,400 SF

      Porterville Restaurant Space For Lease

      Equipped restaurant space on high-traffic corner with highway exposure.
      947 W Olive Ave, Porterville, CA 93257
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    • Contact for pricing
      22,940 SF

      Retail Space in Porterville Center

      Retail space available in a busy Porterville shopping center.
      1260 W Henderson Ave, Porterville, CA 93257
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      2,062 SF

      Retail Space in Busy Corridor

      Retail space available in established, high-traffic Porterville location.
      172 N Main St, Porterville, CA 93257
      View Details
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    Ca-190
    Porterville, CA 93257
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    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
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    Ca-190, Porterville, CA, 93257
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