1055 W Morton Ave Porterville, CA 93257
Property profile & analytics
1055 W Morton Ave Porterville, CA 93257
- Office buildings
- 4,674 SF
- 0.25 lot acres
Property ID
US09-5800324
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Debbie's Legal Typing Services / Law Firm
- Luis Rodriguez Realtor - Keller Williams Realty / Real Estate Agency
- Credence Energy / Solar Energy Company
- Dr Jennifer Braun Plumbing / Waste Management Facility
- Rubik Lopez Realtor / Real Estate Agency
Property Details for 1055 W Morton Ave
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 4,674 SF
- Zone code
- PO
- Property type
- Office buildings
- APN
- 251-340-053-000
- APU
- 251340053000
Description
This exceptional value-add opportunity presents a ±4,674 square foot, two-story office building situated on a half-acre lot in Porterville, California. The property, identified by APN 251-340-053, is zoned PO-Professional Office and features six individual units, currently 100% occupied, generating a current annual income of $45,600. Each unit, ranging from 322 to 1,100 square feet, boasts private restrooms, entrances, and high-speed internet access. Demising walls allow for flexible configurations to accommodate larger tenants. The building itself is well-maintained, featuring fresh paint, newer flooring, and separate HVAC systems and meters. The asking price is $695,000, representing a price per square foot of $148.69 and a pro-forma NOI of $56,266, yielding an 8.10% pro-forma cap rate. Significant upside potential exists through rent increases and lease extensions, projecting a stabilized annual income of $59,697.60 within 6-12 months. This translates to a 3.09% cash-on-cash return when leveraged with 30% down, resulting in a 1.17 debt coverage ratio. The property benefits from ample parking, mature landscaping, and excellent visibility. This investment is ideal for an owner-user seeking passive income or a value-add investor targeting a strong, under-built market with high demand for smaller office spaces. The property is an excellent candidate for an SBA loan.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $475,000
- ML approach
- $510,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $619,000
- AI Estimate
- $587,000
Market price range: $372k - $775kMarket price range: $321k - $791k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $600,000 Current use
- MEDICAL BUILDING
- $945,000 Change: +58% Conversion: Easy
- AUTO REPAIR, GARAGE
- $545,000 Change: -9% Conversion: Difficult
- RETAIL STORES
- $515,000 Change: -14% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.041
- Latitude
- 36.073
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,431
$91,800
$501,840
$593,640
-
$0.00
$0.00
$0.00
