304 W Sequoia Cir Porterville, CA 93257
Property profile & analytics
304 W Sequoia Cir Porterville, CA 93257
- Office buildings
- 4,324 SF
- 0.36 lot acres
Property ID
US09-5990221
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.
Location Intelligence
Current Use by Public Records
- Built For Life Inc / Gym & Fitness Center
Property Details for 304 W Sequoia Cir
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 0.36 lot acres
- Property size
- 4,324 SF
- Zone code
- RM2
- Property type
- Office buildings
- APN
- 247-160-033-000
- APU
- 247160033000
Description
This exceptional investment opportunity presents a fully leased, multi-tenant retail property located at 304 W Sequoia Cir, Porterville, CA 93257. The 4,324 square foot building, constructed in 2003, sits on a 0.36-acre lot and features two separate, economical spaces totaling approximately 4,600 square feet. Currently boasting 100% occupancy with long-term tenants under modified gross leases, the property generates a current NOI of $26,716, representing a 4.11% cap rate. However, significant upside potential exists. The pro-forma NOI is projected at $61,327, resulting in a 9.43% pro-forma cap rate. This increase is achievable through lease extensions and adjustments to operating expense pass-throughs. The property features clean spaces with newer paint, hard-surface flooring, LED lighting, newer HVAC units, a quality roof, and new doors/hinges/fixtures. Amenities include high-speed internet access, separate meters, private ADA restrooms, private entrances, outdoor LED lighting, and a demising wall allowing for future combination of spaces. The building also offers a fully lit private parking lot with 23 spaces plus street parking, excellent signage, and high visibility due to its location between CA-65 and CA-190, with easy access to Main Street and Henderson Avenue. The property's location in a busy, established corridor provides convenient access to downtown and major traffic generators. The asking price is $650,000, representing a price per square foot of $150.32. This presents a rare opportunity to acquire a well-maintained, high-performing retail investment with substantial growth potential in a strong market. The remaining lease term on the current tenants is one year.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.023
- Latitude
- 36.0819
- 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
$3,143
$68,269
$221,877
$290,146
-
$0.00
$0.00
$0.00
