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    Property profile & analytics

    227 Main St Porterville, CA 93257-4707

    • Grocery and convenience stores
    • 2,700 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5788621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Valero / Gas Station
    • Sunshine Handy Market / Grocery & Convenience Store / Food Market
    • Primo Water Refill / Big Box & Wholesale Store
    • Western Union / Bank / Credit Union

    Property Details for 227 Main St

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    0.28 lot acres
    Property size
    2,700 SF
    Zone code
    C-3
    Property type
    Grocery and convenience stores
    APN
    261-101-002-000
    APU
    261101002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $955,000
      6.5%
      $885,000
      7%
      $820,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Porterville
    County
    Tulare
    State
    California
    Longitude
    -119.017
    Latitude
    36.0614
    CBSA code
    47300
    CBSA name
    VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,284
    $193,675
    $571,075
    $764,750
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $815,000
      2,794 SF

      1445 Henderson Ave

      CONVENIENCE STORE • 2,794 SF
      1445 Henderson Ave, Porterville, CA 93257-1458
      View Details
    • Value Estimation by Request
      0.48 Acres

      957 Henderson Ave

      CONVENIENCE STORE • 0.48 Acres
      957 Henderson Ave, Porterville, CA 93257-1761
      View Details
    • Value Estimation
      $645,000
      2,924 SF

      690 Plano St

      CONVENIENCE STORE • 2,924 SF
      690 Plano St, Porterville, CA 93257
      View Details
    • Value Estimation
      $595,000
      3,109 SF

      90 Olive Ave

      CONVENIENCE STORE • 3,109 SF
      90 Olive Ave, Porterville, CA 93257-4828
      View Details
    • Value Estimation
      $695,000
      3,874 SF

      575 Main St

      CONVENIENCE STORE • 3,874 SF
      575 Main St, Porterville, CA 93257-2300
      View Details
    • Value Estimation
      $620,000
      2,973 SF

      1907 Morton Ave

      CONVENIENCE STORE • 2,973 SF
      1907 Morton Ave, Porterville, CA 93257-2749
      View Details

    Similar Nearby for Sale

    • $250,000
      5,600 SF

      Two Buildings on Road 192

      Two buildings totaling ±5600 SF with road frontage.
      14683 Road 192, Porterville, CA 93257
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    • $349,000
      57,767 SF

      Large Mixed-Use Building in Porterville

      Spacious 57,767 sqft mixed-use building on a 0.91-acre lot.
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    • $259,900
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      Retail Building in Porterville, CA

      2,000 SF retail building on 0.14 acres for sale.
      355 S Main St, Porterville, CA 93257
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    • $699,000
      8,000 SF

      Downtown Porterville Retail Shop Space

      Prime retail space in a high-traffic downtown location.
      40 N Main St, Porterville, CA 93257
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    • $525,000
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      Downtown Porterville Retail Gem

      High-traffic location, 12,703 SF storefront
      214 2Nd St, Porterville, CA 93257
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    • $525,000
      12,703 SF

      Retail Building in Downtown Porterville

      Former furniture store with showroom, office, and storage space.
      214 N 2Nd St, Porterville, CA 93257
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      1,000 SF

      Retail Buildings on Corner Lot

      Freestanding retail buildings with flexible zoning and ample parking.
      434 S Plano St, Porterville, CA 93257
      View Details
    • $1.50 SF/Yr
      865 SF

      Retail Space Near Henderson Ave

      Prime shopping center space in established retail corridor.
      600 N Prospect St, Porterville, CA 93257
      View Details
    • $15 SF/Yr
      17,256 SF

      Porterville Retail Spaces Available

      High-traffic retail center; 5 spaces, 990-5895 sq ft.
      870 Henderson Ave, Porterville, CA 93257
      View Details
    • $0.45 SF/Yr
      7,500 SF

      Retail Building on Oak Avenue

      7,500 SF retail building with ample parking and visibility.
      118 N 2Nd St, Porterville, CA 93257
      View Details
    • Contact for pricing
      48,032 SF

      Former Retail Space in Porterville

      48,032 SF retail space available for lease.
      825-841 W Henderson Ave, Porterville, CA 93257
      View Details
    • $1.10 SF/Yr
      2,500 SF

      Renovated Retail/Office Space Available

      Retail/office space in a recently renovated, high-traffic commercial center.
      346-362 N Porter Rd, Porterville, CA 93257
      View Details
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    227 Main St
    Porterville, CA 93257-4707
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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