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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Grocery and convenience stores
1060 Olive Ave Porterville, CA 93257-3030
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1763461
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
WOOD
Total area
2,855 SF
Lot
0.82 ac (35,860 SF)
Zoning code
C3
APN
251-210-050-000
UPID
US10-1763461
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
Current use
Occupant on record · Public records
-
EXPRESS GAS MART Gas Station
-
ATM (Express Mart & Gas) Atm Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$342k
Blend (final)
Blend
$550k
Owner & transaction history
Adel Joudi · 4 yrs held
Adel Joudi
since 2021
7 recorded transactions
Zoning & alternative use
C3 · Porterville, CA
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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
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
$14,156
Tax year 2024
Assessed value
$1,306,849
Assessed 2024
Previous assessed
$1,306,849
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$482,327
Assessed improvement
$824,522
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,855 SF
Lot
0.82 ac (35,860 SF)
Zoning code
C3
APN
251-210-050-000
UPID
US10-1763461
Jurisdiction
TULARE
Zoning & alternative use
C3 · Porterville, CA
Zoning C3 · permitted uses
C3 · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Porterville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Adel Joudi
Individual
Mailing address
1060 W OLIVE AVE, PORTERVILLE, CA 93257-3030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
—
Rami Khalil
—
Deed
related
$1,761,000 · Commonwealth Business Bank
Oct 14, 2021
—
Adel Joudi
Adel Joudi
Intrafamily Transfer
related
—
Jul 10, 2009
—
Adel Joudi
Joudi,adel
Quit Claim Deed
related
$860,000 · Beach Business Bank
Dec 5, 2006
—
Swano Corp
Gill,surinder S & Daljit K
Grant Deed
—
Jun 2, 2006
$1,695,000
Adel Joudi
Swano Corp
Grant Deed
—
Jun 1, 2006
$899,000
Surinder S Gill
West Olive Chevron LLC
Grant Deed
—
May 23, 1997
—
West Olive Chevron LLC
Spencer,charles S & Mary L
Grant Deed
$836,347 · Metlife Capital Financial Corp
Apr 21, 1994
$5,000
Charles S Spencer
Champion Financi
Grant Deed
—
Apr 2, 1992
$333,000
F Glenn Pecache
Champion,financi
Grant Deed
$314,100 · Seller
Jan 30, 1991
$100,000
Financi Champion
Keil Sonoma Corp
Grant Deed
$80,000 · Seller
—
—
Adel Joudi
—
Deed Of Trust
related
$184,434 · Swano Corp INC
—
—
Rami Khalil
—
Deed Of Trust
related
$1,100,000 · Swano Corp INC
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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