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Property profile & analytics
OFF-MARKET
Automotive properties

2006 Olive Ave Porterville, CA 93257-2728

1,800 SF 0.76 ac lot Built 1967
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-5811889
Property summary
AI-generated overview

This exceptional 0.76-acre (approximately 33,106 square feet) commercial land parcel presents a prime retail development opportunity in Porterville, California. Located at the highly visible corner of West Olive Avenue and Mathew Street, this shovel-ready site benefits from existing infrastructure, including in-place utilities (water, sewer, power, gas), curb, gutter, sidewalks, and drive approaches. The property's strategic location offers unparalleled visibility from major thoroughfares, with easy access to CA-65 and CA-190 off-ramps. Its square shape (approximately 166 feet wide by 158 feet deep) allows for efficient development. The CR (Retail Centers) zoning permits a wide range of uses, including convenience stores, car washes, hotels, restaurants, food markets, retail strip centers, and professional offices. This infill location is surrounded by established businesses and enjoys high consumer traffic and exposure. The property's excellent access, ample road capacity, and conformity to city policies make it an ideal investment for developers seeking a readily developable site in a thriving area. The site is situated near many existing and planned developments, offering further growth potential. Proximity to public transportation adds to its appeal. This is a rare opportunity to acquire a high-identity, corner lot in a high-traffic area of Porterville. The asking price is $595,000. The Assessor's Parcel Number (APN) is 245-294-017.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1967
Construction WOOD
Total area 1,800 SF
Lot 0.76 ac (33,105 SF)
Zoning code CR
APN 245-294-017-000
UPID US09-5811889
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Elite Team Residential LP · 1 yrs held
Elite Team Residential LP
since 2025
Last sale
$460,000
4 recorded transactions
2025
$460,000
2025
Price N/A
2021
Price N/A
2021
Price N/A
Zoning & alternative use
CR · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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