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15035 Road 192, Poplar, CA 93257
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Property summary
AI-generated overview
This exceptional 628-square-foot commercial building is situated on a 0.16-acre lot at 15035 Rd 192 in Porterville, California. Its prime location on a busy road ensures high visibility and accessibility, complemented by ample parking for customers and employees. The building has undergone tasteful renovations, both internally and externally, presenting a modern and attractive façade. Significant upgrades include the installation of new, energy-efficient heating and cooling units, as well as tankless water heaters, resulting in substantial savings on utility costs. The dual electric meters provide the flexibility to operate as a single unit or accommodate multiple tenants, maximizing rental income potential. This property presents a compelling investment opportunity for entrepreneurs seeking to establish a new business or for existing businesses looking to expand their operations. The combination of its desirable location, recent upgrades, and versatile layout makes this a truly exceptional commercial property in the thriving Porterville market. The asking price is $250,000.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1961
Construction
WOOD
Total area
528 SF
Lot
0.16 ac (7,000 SF)
Zoning code
C2
APN
237-040-028-000
UPID
US09-5851008
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$225k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$225k
Owner & transaction history
since 2024
Last sale
$225,000
4 recorded transactions
Zoning & alternative use
C2 · Poplar, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$225k
Value range
$203k – $248k
±10% around blend
Estimated value / SF
$426 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$203k
blend $225k
$248k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
528 SF
Lot area
0.16 ac
Year built
1961
Stories
1
APN
237-040-028-000
Zoning
C2
Assessed value
$170,755
Annual tax
$1,764
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$225k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 97 sales
$101
+323%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $426/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$225k
Move the market yield to see immediate price impact.
Value / SF
$426
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$14k
$284k
$202k
$158k
$16k
$315k
$225k
$175k
$17k
$347k
$247k
$193k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,764
Tax year 2024
Assessed value
$170,755
Assessed 2024
Previous assessed
$170,755
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$45,972
Assessed improvement
$124,783
Applied tax rate
125.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
528 SF
Lot
0.16 ac (7,000 SF)
Zoning code
C2
APN
237-040-028-000
UPID
US09-5851008
Jurisdiction
TULARE
Zoning & alternative use
C2 · Poplar, CAZoning C2 · permitted uses
C2 · Poplar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Poplar, CA
Recorded code
C2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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