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Property profile & analytics
OFF-MARKET
Estimated value
$25,230,000
Retail space
500 Vandalia Ave Porterville, CA 93257-5912
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5796030
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
TILT-UP CONCRETE
Total area
139,487 SF
Lot
11.54 ac (502,682 SF)
Zoning code
CR
APN
260-030-004-000
UPID
US09-5796030
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
-
Lowe's Garden Center Garden Center
-
Installation Services General Contractor
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Primo Water Exchange Big Box & Wholesale Store
-
lowes Garage Door Repair Opener Installation Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.63M
Comparable Approach
Comparable
$25.45M
Blend (final)
Blend
$25.23M
Owner & transaction history
West Vandalia Ave Solar Project 202 · 3 yrs held
West Vandalia Ave Solar Project 202
since 2023
2 recorded transactions
Zoning & alternative use
CR · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$34.0M
+120.5%
Medical building
$28.1M
+82.6%
Apartment house (5+ units)
$19.0M
+23.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,180,000
6.5%
$30,630,000
7%
$28,440,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,415,000
Current use
COMMERCIAL (GENERAL)
$34,000,000
Change: +121% · Conversion: Easy
MEDICAL BUILDING
$28,145,000
Change: +83% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,965,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$17,865,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$16,270,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$25.23M
Range $22.71M – $27.75M · ±10%
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
$181 / 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
$264,358
Tax year 2024
Assessed value
$24,403,929
Assessed 2024
Previous assessed
$24,403,929
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$7,598,983
Assessed improvement
$16,804,946
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
139,487 SF
Lot
11.54 ac (502,682 SF)
Zoning code
CR
APN
260-030-004-000
UPID
US09-5796030
Jurisdiction
TULARE
Zoning & alternative use
CR · Porterville, CA
Zoning CR · permitted uses
CR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.4M
COMMERCIAL (GENERAL)
Est. value
$34.0M
MEDICAL BUILDING
Est. value
$28.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.0M
OFFICE BUILDING
Est. value
$17.9M
AUTO REPAIR, GARAGE
Est. value
$16.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
TILT-UP CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
11.54 ac
Current owner
From public records · entity-resolved
West Vandalia Ave Solar Project 202
Individual
Free & Clear · 3 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
West Vandalia Ave Solar Project 202
Lowes Home Centers LLC
Lease
—
May 25, 2007
—
Lowes Hiw INC
Ennis Coml Properties LLC
Grant Deed
—
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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