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Property profile & analytics
FOR SALE
Retail properties & Spaces
23297 Avenue 88 Terra Bella, CA 93270
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5891382
For Sale
1 / 6
$799,999
23297 Avenue 88, Terra Bella, CA 93270
View Listing →
Property summary
AI-generated overview
This exceptional 0.91-acre industrial parcel, located at 23297 Ave 88, Terra Bella, CA 93270, presents a unique investment opportunity. Situated in Tulare County and zoned M-1, this vacant land boasts prime highway visibility on Hwy 65, making it highly attractive for a variety of uses. Ideal for owner-occupancy, the property is perfectly suited for a contractor's yard, truck yard, or other agribusiness-related operations. The property's strategic location and flexible zoning provide significant potential for future development and growth. This offering represents a compelling chance to acquire a well-positioned industrial site in a thriving area. Additional parcels are available, currently undergoing subdivision
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1986
Total area
7,080 SF
Lot
4.62 ac (201,247 SF)
Zoning code
M-1
APN
320-110-068-000
UPID
US09-5891382
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
-
WPI Water Resources Inc. Construction Company General Contractor
-
California Marble & Granite Building Supply Hardware & Home Improvement
-
big dog drilling Construction Company General Contractor
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
Singh Grewal Deepinder · 2 yrs held
Singh Grewal Deepinder
since 2023
Last sale
$405,000
7 recorded transactions
Zoning & alternative use
M-1 · Terra Bella, 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 Terra Bella submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Terra Bella 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
$2,203
Tax year 2024
Assessed value
$212,204
Assessed 2024
Previous assessed
$212,204
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$70,292
Assessed improvement
$141,912
Applied tax rate
144.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1986
Heating
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
1
Total area
7,080 SF
Lot
4.62 ac (201,247 SF)
Zoning code
M-1
APN
320-110-068-000
UPID
US09-5891382
Jurisdiction
TULARE
Zoning & alternative use
M-1 · Terra Bella, CA
Zoning M-1 · permitted uses
M-1 · Terra Bella, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Terra Bella. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Buildings
3
Units
1
Bathrooms
1
Lot
4.62 ac
Current owner
From public records · entity-resolved
Singh Grewal Deepinder
Individual
Mailing address
3323 PENDRAGON ST, BAKERSFIELD, CA 93313-5580
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$405,000
Singh Grewal Deepinder
Singh Grewal Sukhjap
Grant Deed
$300,000 · Rajwinder 010519 Trust
Nov 1, 2023
—
Singh Grewal Deepinder
Parveen Kaur Gill
Intrafamily Transfer
related
—
Dec 27, 2021
$400,000
Singh Grewal Sukhjap
Judy P Hunsaker
Grant Deed
—
Dec 27, 2021
—
Singh Grewal Sukhjap
Gill Shaleen
Intrafamily Transfer
related
—
Jul 27, 2018
—
Hunsaker,judy P Trust
Hunsaker Family Trust
Quit Claim Deed
related
—
Apr 14, 2006
$238,500
Blake E Kern
Grizzle,elwood & Elaine
Grant Deed
$200,000 · Bank Of The Sierra
Oct 18, 2005
$150,000
Hunsaker Family Trust
Weisenberger,elza & Jill
Grant Deed
—
Oct 28, 1997
—
Hunsaker Trust
Hunsaker,william W & Judy P
Quit Claim Deed
related
—
—
—
William W Hunsaker
—
Deed Of Trust
related
$75,000 · Bank Of The Sierra
—
—
Hunsaker Family Trust
—
Deed Of Trust
related
$30,000 · Bank Of The Sierra
—
—
William Hunsaker
—
Deed Of Trust
related
$75,000 · Bank Of The Sierra
—
—
Hunsaker Family Trust
—
Deed Of Trust
related
$248,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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