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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
115 Oak Ave Porterville, CA 93257-3807
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-5819405
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1970
Construction
WOOD
Total area
10,514 SF
Lot
0.97 ac (42,240 SF)
Zoning code
CMX
APN
253-174-004-000
UPID
US09-5819405
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
-
Porterville Recorder Publishing House Newspaper & Magazine
-
Noticiero Semanal Publishing House Newspaper & Magazine
-
Nettie Smith's Place Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$615k
Owner & transaction history
Porterville Recorder INC · 12 yrs held
Porterville Recorder INC
since 2013
5 recorded transactions
Zoning & alternative use
CMX · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CMX Commercial Mixed-Use. To provide areas for either horizontal or vertical mixed-use development consisting of commercial, service, office, and residential uses. Buildings more than one story are strongly encouraged. The maximum FAR is 2.0 and the maximum residential density is 30.0 units per acre. Land Use Regulations Table 203.02 below prescribes the lan…
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
38.95 ac
Source
100.01: TITLE AND AUTHORITY:
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$58 / 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
$7,337
Tax year 2024
Assessed value
$677,282
Assessed 2024
Previous assessed
$677,282
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$178,677
Assessed improvement
$498,605
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
10,514 SF
Lot
0.97 ac (42,240 SF)
Zoning code
CMX
APN
253-174-004-000
UPID
US09-5819405
Jurisdiction
TULARE
Zoning & alternative use
CMX · Porterville, CAZoning CMX · permitted uses
CMX · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CMX Commercial Mixed-Use. To provide areas for either horizontal or vertical mixed-use development consisting of commercial, service, office, and residential uses. Buildings more than one story are strongly encouraged. The maximum FAR is 2.0 and the maximum residential density is 30.0 units per acre. Land Use Regulations Table 203.02 below prescribes the land use regulations for “Commercial” Districts. The regulations for each district are established by letter designations as follows: 71
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
38.95 ac
Source
100.01: TITLE AND AUTHORITY:
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Porterville Recorder INC
Entity
Mailing address
115 E OAK AVE, PORTERVILLE, CA 93257-3807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2013
—
Porterville Recorder INC
Freedom Ca Ville Publishing Co
Grant Deed
related
—
May 3, 2013
—
Porterville Recorder INC
Porterville Recorder Co
Quit Claim Deed
—
Jun 18, 2010
—
Porterville Recorder Company
Freedom Communications INC
Grant Deed
$225,000,000 · Jpmorgan Chase Bank NA
—
—
Porterville Recorder Co
—
Deed Of Trust
related
—
—
—
Porterville Recorder Co
—
Deed Of Trust
related
$45,000,000 · Crystal Financial LLC
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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