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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Industrial properties
169 Gibbons Ave Porterville, CA 93257-9348
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5986978
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
2007
Total area
40,880 SF
Lot
12.02 ac (523,591 SF)
Zoning code
M-2
APN
269-060-057-000
UPID
US09-5986978
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
-
Stor It Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
C&b Partners LLC · 5 yrs held
C&b Partners LLC
since 2021
7 recorded transactions
Zoning & alternative use
M-2 · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$38 / 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
$45,047
Tax year 2024
Assessed value
$4,158,517
Assessed 2024
Previous assessed
$4,158,517
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$587,481
Assessed improvement
$3,571,036
Applied tax rate
126.0000
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
2007
Heating
YES
Cooling
AC.PACKAGE
Buildings
9
Bathrooms
1
Total area
40,880 SF
Lot
12.02 ac (523,591 SF)
Zoning code
M-2
APN
269-060-057-000
UPID
US09-5986978
Jurisdiction
TULARE
Zoning & alternative use
M-2 · Porterville, CA
Zoning M-2 · permitted uses
M-2 · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Porterville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Buildings
9
Bathrooms
1
Lot
12.02 ac
Current owner
From public records · entity-resolved
C&b Partners LLC
Entity
Mailing address
342 N 2ND ST, PORTERVILLE, CA 93257-3847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
C&b Partners LLC
Mitchell F Brown
Grant Deed
$3,700,000 · Suncrest Bank
Jul 13, 2020
—
Mitchell F Brown
—
Deed
related
$1,600,000 · Suncrest Bank
Apr 2, 2019
—
Brown Family Trust
—
Deed
related
$2,000,000 · Bank Of The Sierra
Apr 1, 2019
—
Brown Family Trust
—
Loan Modification
related
$2,000,000 · Bank Of The Sierra
Dec 27, 2018
—
Brown Family Trust
—
Loan Modification
related
$2,000,000 · Bank Of The Sierra
Oct 4, 2016
—
Brown Family Trust
—
Deed
related
$2,000,000 · Bank Of The Sierra
May 11, 2016
—
Clark,jerry L JR & R A Trust
Clark,jerry L JR & Rebecca A
Quit Claim Deed
related
—
Mar 25, 2010
$370,000
Brown Family Trust
Feleay,steven M & Joan W
Grant Deed
$900,000 · Bank Of The Sierra
Jun 4, 2007
—
Jerry L Clark
—
Trustees Deed
related
$800,000 · Bank Of The Sierra
—
—
Brown Family Trust
—
Loan Modification
related
$250,000 · Bank Of The Sierra
—
—
Brown Family Trust
—
Loan Modification
related
$2,000,000 · Bank Of The Sierra
—
—
Jerry L Clark
—
Deed Of Trust
related
$250,000 · Bank Of The Sierra
—
—
Jerry L Clark
—
Deed Of Trust
related
$2,000,000 · Bank Of The Sierra
—
—
Brown Family Trust
—
Deed Of Trust
related
$2,000,000 · Bank Of The Sierra
—
—
Jerry L Clark
—
Loan Modification
related
$400,000 · Bank Of The Sierra
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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