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Property profile & analytics
OFF-MARKET
Race tracks
10538 Rd 224 Porterville, CA 93257
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5922643
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1900
Construction
STEEL FRAME
Total area
7,600 SF
Lot
36 ac (1,568,160 SF)
APN
302-161-014-000
UPID
US09-5922643
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sebastian R/e Group INC · 16 yrs held
Sebastian R/e Group INC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Porterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Porterville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,591
Tax year 2024
Assessed value
$444,344
Assessed 2024
Previous assessed
$444,344
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$339,133
Assessed improvement
$105,211
Applied tax rate
94.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,600 SF
Lot
36 ac (1,568,160 SF)
APN
302-161-014-000
UPID
US09-5922643
Jurisdiction
TULARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
36 ac
Current owner
From public records · entity-resolved
Sebastian R/e Group INC
Entity
Mailing address
168 S MAIN ST, PORTERVILLE, CA 93257-4763
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
—
Sebastian Real Estate Group INC
—
Deed
related
$800,000 · Jl Financing LLC
Jul 2, 2010
$525,000
Sebastian R/e Group INC
Camacho Living Trust
Grant Deed
$525,000 · Camacho Living Trust
Feb 25, 2004
—
Camacho,tr
Camacho,maximo R & Luisa M
Quit Claim Deed
related
—
Feb 18, 2004
—
Maximo R Camacho
Camacho,maximo R & Luisa M
Quit Claim Deed
related
—
Aug 28, 1992
$31,000
Maximo R Camacho
Ward,r H
Grant Deed
related
$18,500 · Seller
Feb 18, 1992
$39,500
R H Ward
Shely,norma
Grant Deed
$29,000 · Seller
—
—
Sebastian Real Estate Grp INC
—
Deed Of Trust
related
$196,667 · Camacho Living Trust
—
—
Camacho Living Trust
—
Deed Of Trust
related
$160,000 · Karras/clark Family Trust
—
—
Camacho Living Trust
—
Deed Of Trust
related
$1,352,000 · Pacific Western Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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