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Property profile & analytics
OFF-MARKET
Estimated value
$8,225,000
Retail space
53 Olive Ave Porterville, CA 93257-4827
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5794076
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
13,892 SF
Lot
0.29 ac (12,522 SF)
Zoning code
CN
APN
261-127-023-000
UPID
US09-5794076
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
-
MoneyGram Bank Credit Union
-
UPS Access Point location Courier Service Postal Service
-
LibertyX Bitcoin ATM Atm
-
CDReload Instant Bitcoin Crypto Atm
-
CVS Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.23M
Owner & transaction history
Savoy Enterprises · 4 yrs held
Savoy Enterprises
since 2021
Last sale
$7.7M
5 recorded transactions
Zoning & alternative use
CN · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+263.2%
Restaurant
$5.2M
+241.2%
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
$8,885,000
ML approach
$8,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,575,000
Change: +263% · Conversion: Moderate
RESTAURANT
$5,240,000
Change: +241% · Conversion: Easy
Blend value · Realmo final
$8.23M
Range $7.40M – $9.05M · ±10% · vs last sale $7.72M (Aug 2 2021)
Last sale anchor
$7.72M
Aug 2 2021
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
$592 / 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
$3,516
Tax year 2024
Assessed value
$324,597
Assessed 2024
Previous assessed
$324,597
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$284,735
Assessed improvement
$39,862
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
1900
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
13,892 SF
Lot
0.29 ac (12,522 SF)
Zoning code
CN
APN
261-127-023-000
UPID
US09-5794076
Jurisdiction
TULARE
Zoning & alternative use
CN · Porterville, CA
Zoning CN · permitted uses
CN · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RESTAURANT
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1900
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Savoy Enterprises
Entity
Free & Clear · 4 yrs held
Mailing address
888 N 1ST ST STE #301, SAN JOSE, CA 95112-6314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 2, 2021
$7,715,000
Savoy Enterprises
Melej Ca 2021 LLC
Grant Deed
—
Jul 21, 2021
—
Melej Ca 2021 LLC
Melej Ca Corp
Grant Deed
$350,000,000 · Citibank NA
Oct 30, 2015
$1,040,000
Melej-ca Corp
Cf Porterville Investments LLC
Grant Deed
—
Jan 25, 2010
—
Scp 2009-c33b-ca LLP
Garfield Beach Cvs LLC
Grant Deed
related
—
—
—
Llwg Capital INC
—
Deed Of Trust
related
$4,540,079 · Wells Fargo Bank Northwest NA
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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