Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Turn key restaurants
1230 Henderson Ave Porterville, CA 93257-1455
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5832286
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Construction
WOOD
Total area
816 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CR
APN
246-120-016-000
UPID
US09-5832286
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
-
Rally's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
F & M Restaurants INC · 2 yrs held
F & M Restaurants INC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CR · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CR Retail Centers. To maintain areas for regional shopping centers located at major circulation intersections. Large format or “big box” retail and auto sales as well as travel related services, such as hotels and gas stations are allowed. The maximum FAR is 0.35. CG General and Service Commercial. To provide areas for retail and services uses that meet loca…
Zone name
Retail Centers
General category
COMMERCIAL
Zone area
241.29 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
$1,815,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $2.03M (Dec 5 2023)
Last sale anchor
$2.03M
Dec 5 2023
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
$2,347 / 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
$21,990
Tax year 2024
Assessed value
$903,349
Assessed 2024
Previous assessed
$903,349
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$640,875
Assessed improvement
$262,474
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
816 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CR
APN
246-120-016-000
UPID
US09-5832286
Jurisdiction
TULARE
Zoning & alternative use
CR · Porterville, CAZoning CR · permitted uses
CR · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CR Retail Centers. To maintain areas for regional shopping centers located at major circulation intersections. Large format or “big box” retail and auto sales as well as travel related services, such as hotels and gas stations are allowed. The maximum FAR is 0.35. CG General and Service Commercial. To provide areas for retail and services uses that meet local and regional demand. Examples of allowable uses include: equipment rental and repair, commercial print shops, auto sales, storage facilities, and wholesale businesses, and specialized retail not normally found in shopping centers. Accessory office uses related to the primary commercial use are also allowed. The maximum FAR is 0.40. 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
Retail Centers
General category
COMMERCIAL
Zone area
241.29 ac
Source
100.01: TITLE AND AUTHORITY:
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
F & M Restaurants INC
Entity
Mailing address
4539 N BRAWLEY AVE STE #103, FRESNO, CA 93722-3950
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
F & M Restaurants INC
J&l Gomez Investments LLC
Lease
$858,000 · Business Finance Capital
Dec 5, 2023
$2,030,000
J&l Gomez Investments LLC
Pvh LLC
Grant Deed
$1,045,980 · Indigo Direct Lending LLC
Apr 25, 2019
—
Pvh LLC
Pioneer Norwalk LLC
Quit Claim Deed
—
Nov 16, 2018
$1,735,000
Pioneer Norwalk LLC
Fellows W H & I L L/tr
Grant Deed
—
Apr 4, 2018
—
Walter H Fellows
—
Deed
related
$450,200 · Wells Fargo Bank NA
Oct 25, 2016
—
Fellows,w H & I L Living Trust
Fellows,walter H & Ilona L
Quit Claim Deed
related
—
Mar 22, 2013
$1,300,000
Walter Henry Fellows
Howard Family Investments LLC
Grant Deed
$521,000 · Wells Fargo Bank NA
Nov 18, 2008
—
Howard Family Investments LLC
H & S Services
Grant Deed
$3,800,000 · County Bank
Jun 2, 1998
$305,000
H & S Services
Tbld Corp
Grant Deed
$310,000 · United Security Bank
Feb 12, 1993
—
Dft Properties Trust
Wal Mart Stores
Grant Deed
related
$1,269,991 · Porterville Schoo
—
—
Howard Family Investments LLC
—
Deed Of Trust
related
$400,000 · United Security Bank
—
—
H & S Services
—
Deed Of Trust
related
$750,000 · Wells Fargo Bank
—
—
H & S Services
—
Deed Of Trust
related
$130,000 · Economic Development Corp Tul
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1230 Henderson Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
