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Property profile & analytics
OFF-MARKET
Medical Office Space
222 Henderson Ave Porterville, CA 93257-1731
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5823305
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
TILT-UP CONCRETE
Total area
2,613 SF
Lot
0.33 ac (14,175 SF)
Zoning code
C-3
APN
247-160-015-000
UPID
US09-5823305
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
-
Joel Ramirez, MD Pediatrician Physician
-
Christie Silva, FNP Physician
-
Erick Madrigal MD, MBA Pediatrician Physician
-
Leslee Heuer Physician
-
Brianna Edwards Physician
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
Erick Madrigal · 4 yrs held
Erick Madrigal
since 2021
Last sale
$250,000
5 recorded transactions
Zoning & alternative use
C-3 · 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
—
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
$3,773
Tax year 2024
Assessed value
$348,300
Assessed 2024
Previous assessed
$348,300
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$120,728
Assessed improvement
$227,572
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,613 SF
Lot
0.33 ac (14,175 SF)
Zoning code
C-3
APN
247-160-015-000
UPID
US09-5823305
Jurisdiction
TULARE
Zoning & alternative use
C-3 · Porterville, CA
Zoning C-3 · permitted uses
C-3 · 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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Erick Madrigal
Individual
Mailing address
47 CARMELITA ST, PORTERVILLE, CA 93257-3307
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
—
Erick Madrigal
Erick Madrigal
Intrafamily Transfer
related
$402,000 · Wells Fargo Bank NA
Nov 26, 2019
—
Erick Madrigal
—
Deed
related
$403,000 · Alistar Financial Services INC
Aug 8, 2012
$250,000
222 West Henderson Prop Trust
Mccormick Living Trust
Grant Deed
$245,000 · Mccormick M K Living Trust
Dec 10, 2001
$150,000
Mccormick Trust
Richard L Williams Estate
Grant Deed
$120,000 · Bank Of The Sierra
Oct 15, 1992
$110,000
Richard L Williams
Circle,k Managem
Grant Deed
—
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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