Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
1585 Olive Ave Porterville, CA 93257-2946
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-5800102
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Construction
WOOD
Total area
2,557 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
259-070-049-000
UPID
US09-5800102
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
-
Valley Tint Service Interior Design Auto Repair Shop
-
Super Burger Drive-In Restaurant Take-out & Catering
-
Smog Masters Sustainability Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Porterville · 5 yrs held
City Of Porterville
since 2020
Last sale
$135,000
4 recorded transactions
Zoning & alternative use
C2 · 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
—
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
$6,780
Tax year 2024
Assessed value
$625,892
Assessed 2024
Previous assessed
$625,892
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$255,487
Assessed improvement
$370,405
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
1972
Construction
WOOD
Heating
CENTRAL
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
2,557 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
259-070-049-000
UPID
US09-5800102
Jurisdiction
TULARE
Zoning & alternative use
C2 · Porterville, CAZoning C2 · permitted uses
C2 · 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
1972
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
City Of Porterville
Entity
Free & Clear · 5 yrs held
Mailing address
1585 W OLIVE AVE, PORTERVILLE, CA 93257-2946
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Sep 11, 2020
—
City Of Porterville
Abdo N Abdullah
Quit Claim Deed
—
Dec 1, 2009
—
John D Waters
Waters,betty L
Affidavit Of Death
related
—
May 9, 1997
$135,000
Abdo N Abdullah
Rm Parks INC
Grant Deed
$84,575 · Seller
Mar 4, 1996
$285,000
R M Parks INC
Waters,john D & Betty L
Grant Deed
$235,000 · Seller
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 1585 Olive 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.
