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Property profile & analytics
OFF-MARKET
Estimated value
$7,305,000
Super regional malls
1351 Henderson Ave Porterville, CA 93257-1557
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5800452
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
TILT-UP CONCRETE
Total area
35,232 SF
Lot
3.56 ac (155,073 SF)
Zoning code
C2(D)
APN
251-350-033-000
UPID
US09-5800452
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
-
Marshalls Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.31M
Owner & transaction history
City Of Porterville · 17 yrs held
City Of Porterville
since 2009
4 recorded transactions
Zoning & alternative use
C2(D) · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$207 / 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
$50,163
Tax year 2024
Assessed value
$4,630,735
Assessed 2024
Previous assessed
$4,630,735
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,561,111
Assessed improvement
$3,069,624
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
3
Bathrooms
6
Total area
35,232 SF
Lot
3.56 ac (155,073 SF)
Zoning code
C2(D)
APN
251-350-033-000
UPID
US09-5800452
Jurisdiction
TULARE
Zoning & alternative use
C2(D) · Porterville, CAZoning C2(D) · permitted uses
C2(D) · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
100.01: TITLE AND AUTHORITY:
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
3
Bathrooms
6
Lot
3.56 ac
Current owner
From public records · entity-resolved
City Of Porterville
Entity
Free & Clear · 17 yrs held
Mailing address
195 S C ST STE #200, TUSTIN, CA 92780-3666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Grand Prospect Partners LP
—
Deed
related
$8,100,000 · Henderson Prospect Partners III LP
Jun 16, 2009
—
City Of Porterville
Grand Prospect Partners
Grant Deed
related
—
Jan 22, 2008
—
Grand Prospect Partners
Grand Prospect Partners
Quit Claim Deed
related
$4,794,400 · United Security Bank
Jan 20, 2006
$2,500,000
Grand Prospect Partners LP INC
Albertsons INC
Grant Deed
$1,803,000 · United Security 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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