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    Property profile & analytics

    23297 Avenue 88 Terra Bella, CA 93270

    • Retail properties
    • 7,080 SF
    • 4.62 lot acres
    For Sale
    View listing
    $399,900
    Last Sale
    Nov 01, 2023
    $405,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5891382
    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

    • WPI Water Resources Inc. / Well Drilling Contractor
    • California Marble & Granite / Granite Supplier / Bathroom Remodeler
    • big dog drilling / General Contractor

    Property Details for 23297 Avenue 88

    Year built
    1986
    Lot size
    4.62 lot acres
    Property size
    7,080 SF
    Zone code
    M-1
    Property type
    Retail properties
    APN
    320-110-068-000
    APU
    320110068000

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $402,000
      Market price range: $402k - $1.04M
      AI Estimate
      $322,000
      Market price range: $322k - $840k

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

    Location Insight

    • Map
    • Local Demand
    City
    Terra Bella
    County
    Tulare
    State
    California
    Longitude
    -119.052
    Latitude
    35.949
    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
    $2,203
    $70,292
    $141,912
    $212,204
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      1.00 Acre

      Terra Bella, CA 93270

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.00 Acre
      Terra Bella, CA 93270
      View Details
    • Value Estimation
      $340,000
      4,884 SF

      23299 Ave 88d

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,884 SF
      23299 Ave 88d, Terra Bella, CA 93270-9306
      View Details
    • Value Estimation
      $310,000
      1,500 SF

      23723 Ave 95

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,500 SF
      23723 Ave 95, Terra Bella, CA 93270-9224
      View Details
    • Value Estimation
      $290,000
      15.71 Acres

      23260 Ave 104

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 15.71 Acres
      23260 Ave 104, Terra Bella, CA 93270-9673
      View Details
    • Value Estimation
      $325,000
      2,234 SF

      9360 State Hwy 65

      RETAIL STORES (PERSONAL SERVICES) • 2,234 SF
      9360 State Hwy 65, Terra Bella, CA 93270
      View Details
    • Value Estimation
      $355,000
      2,286 SF

      23294 Ave 80

      RETAIL STORES (PERSONAL SERVICES) • 2,286 SF
      23294 Ave 80, Terra Bella, CA 93270-9776
      View Details

    Similar Nearby for Sale

    • $399,900
      4,500 SF

      Terra Bella Industrial Flex Space

      Prime Hwy 65 location; vacant, ready to occupy.
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $200,000
      Pending

      Terra Bella Agricultural Land Parcel

      5-acre land parcel with hay barns, surrounded by citrus orchards.
      216/Ave 92, Terra Bella, CA 93270
      View Details
    • $199,000
      0.91 Acres

      Terra Bella Industrial Land Parcel

      0.91-acre flex space, Hwy 65 visibility
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $189,000
      0.91 Acres

      Terra Bella - Industrial - Parcel 3

      Flex space • 0.91 Acres
      23297 Avenue 88, Terra Bella, CA 93270
      View Details
    • $190,000
      Pending

      Terra Bella Land with Olives

      10+ acres of land planted with olives in Terra Bella.
      74 Ave, Terra Bella, CA 93270
      View Details
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    23297 Avenue 88
    Terra Bella, CA 93270
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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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