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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Banks
25 Hockett St, Porterville, CA 93257-4728
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5848450
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1977
Construction
TILT-UP CONCRETE
Total area
5,100 SF
Lot
0.52 ac (22,500 SF)
Zoning code
C-3
APN
260-214-006-000
UPID
US09-5848450
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
Verhoeven,martin G Fam Trust · 6 yrs held
Verhoeven,martin G Fam Trust
since 2020
Last sale
$2.0M
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
Method
Estimation
Statistic approach
$2,845,000
ML approach
$2,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±10% · vs last sale $2.00M (Jun 8 2020)
Last sale anchor
$2.00M
Jun 8 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$416 / SF
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
$14,395
Tax year 2024
Assessed value
$1,328,870
Assessed 2024
Previous assessed
$1,328,870
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$522,263
Assessed improvement
$806,607
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
5,100 SF
Lot
0.52 ac (22,500 SF)
Zoning code
C-3
APN
260-214-006-000
UPID
US09-5848450
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
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Verhoeven,martin G Fam Trust
Trust
Free & Clear · 6 yrs held
Mailing address
4975 AVE 120, CORCORAN, CA 93212-9776
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 8, 2020
—
Verhoeven,martin G Fam Trust
Verhoeven Martin G F/tr
Quit Claim Deed
related
—
Oct 19, 2015
$2,000,000
Verhoeven,m G Family Trust
Osullivan,thomas J & Deborah L
Grant Deed
—
—
—
Verhoeven,m G Family Trust
—
Deed Of Trust
related
$500,000 · Bank Of The Sierra
—
—
Verhoeven,m G Family Trust
—
Deed Of Trust
related
$2,115,000 · Bank Of The Sierra
—
—
Osullivan,thomas J & Deborah L
—
Deed Of Trust
related
$430,000 · Richard Zenz
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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