Technical
Financial
Distress signals
Property profile

2006 Olive Ave Porterville, CA 93257

OFF-MARKET
Automotive properties
Property ID
US09-5811889
1,800 SF 0.76 ac lot Built 1967
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Location

2006 Olive Ave Porterville, CA 93257-2728
Porterville metro Census 3601 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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
Zoning description

CR Retail Centers. To maintain areas for regional shopping centers located at major circulation intersections. Large format or “big box” retail and auto sales as well as travel related services, such as hotels and gas st…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 2006 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message