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Property profile & analytics
OFF-MARKET Estimated value $960,000
Industrial land

312 Grand Ave Porterville, CA 93257-6335

2,160 SF 3.01 ac lot Built 2005
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5789049
Property summary
AI-generated overview

This exceptional Porterville, CA industrial property offers ±17,360 square feet of buildings on approximately 1.03 acres of fully improved and fenced land. The property includes two ±8,000 square foot freestanding warehouse structures, each featuring separate power with conduit throughout, warehouse lighting, water/sewer stub-outs, and nearby drains. These clear-span warehouses offer pull-through access and ample space for various industrial uses. A separate ±2,160 square foot office building provides a functional layout with two large open rooms, a reception/waiting area, three private offices, a breakroom, a conference room, and two private restrooms. The property boasts a like-new condition, eliminating the lengthy delays and high costs associated with new construction. Conveniently located near CA-65 and CA-190, this property offers excellent access to major transportation routes. The flexible CG zoning allows for a wide range of potential uses. The property is move-in ready and features pre-wiring for high-speed internet. Additional features include a fully paved and fenced lot with parking on all sides of the building, and HVAC in the office space. Asking price is $995,000, with a price per square foot of $460.65. The property's APN is 253-050-078. This is a prime opportunity for owner-users seeking a ready-to-occupy industrial space in a desirable location.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 2005
Construction WOOD FRAME
Total area 2,160 SF
Lot 3.01 ac (131,115 SF)
Zoning code M-1
APN 253-050-078-000
UPID US09-5789049
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
  • Bright House Energy Construction, Inc. Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$960k
Owner & transaction history
Vollmer Investments LLC · 3 yrs held
Vollmer Investments LLC
since 2023
Last sale
$995,000
7 recorded transactions
2023
Price N/A
2022
$995,000
2022
$693,909
2020
$799,000
2009
$600,000
2008
Price N/A
2004
$100,000
Zoning & alternative use
M-1 · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source 100.01: TITLE AND AUTHORITY:
Top alternative use upside
Neighborhood: shopping center $865,000 +275.3%
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