Realmo Analytics

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Financial
Distress signals
Property profile

245 W Cherry Ave Porterville, CA 93257

FOR LEASE
Medical Office Space
Property ID
US09-5784625
3,827 SF 0.49 ac lot Built 1964
Last sale Oct 2020 · $160,000
Trust Owned Owner of record is a trust. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$504k
Assessed land$106k
Assessed improvement$398k
Effective rate1.08%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$205k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$7k
Operating expenses−$9k
NOI · 1,544,742.86% cap applied$27k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$202/SF
County average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$118 – $275
Qualifying comparables8

Cap rate analysis

How does the asset earn?
1,544,742.86%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PO
D-PO Downtown Professional Office. Encourage the adaptive re-use of existing buildings with office and professional uses, and infill of n...
General categoryCOMMERCIAL
JurisdictionTULARE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
HVAC Service8.8
Catering Service8.8

Location

245 W Cherry Ave Porterville, CA 93257
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
721 Olive, Porterville, CA 93257-3227 $242,500 Dec 2024 2,206 SF
309 D, Porterville, CA 93257-3664 $185,000 Feb 2024 1,894 SF
384 Pearson, Porterville, CA 93257-3368 $525,000 Sep 2021 1,953 SF
222 Henderson, Porterville, CA 93257-1731 $250,000 Aug 2021 2,613 SF
581 Putnam, Porterville, CA 93257-3260 $410,000 Feb 2020 2,376 SF
131 Ml, Porterville, CA 93257-3831 $97,500 Dec 2019 3,307 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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