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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Apartment buildings
854 Grand Ave, Porterville, CA 93257-2072
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1750706
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
22,264 SF
Lot
1 ac (43,560 SF)
Zoning code
P-O(D)
APN
251-330-021-000
UPID
US10-1750706
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
-
Grand Plaza Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$2.94M
Owner & transaction history
554 W Grand LLC · 5 yrs held
554 W Grand LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
P-O(D) · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+48.4%
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
$3,270,000
ML approach
$3,300,000
CAP Approach
CAP Return
Estimation
6%
$3,080,000
6.5%
$2,845,000
7%
$2,640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,025,000
Current use
MEDICAL BUILDING
$4,490,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$2,850,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,595,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$2,460,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.30M (Sep 11 2020)
Last sale anchor
$2.30M
Sep 11 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
$132 / 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
$26,714
Tax year 2024
Assessed value
$2,466,064
Assessed 2024
Previous assessed
$2,466,064
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$232,667
Assessed improvement
$2,233,397
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
2
Units
29
Bathrooms
31
Total area
22,264 SF
Lot
1 ac (43,560 SF)
Zoning code
P-O(D)
APN
251-330-021-000
UPID
US10-1750706
Jurisdiction
TULARE
Zoning & alternative use
P-O(D) · Porterville, CA
Zoning P-O(D) · permitted uses
P-O(D) · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Units
29
Bathrooms
31
Lot
1 ac
Current owner
From public records · entity-resolved
554 W Grand LLC
Entity
Mailing address
1005 STINE RD, BAKERSFIELD, CA 93309-4142
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
$2,300,000
554 W Grand LLC
Vota LLC
Grant Deed
$1,808,000 · Arbor Commercial Funding LLC
Jun 17, 2005
$2,000,000
Vota LLC
Greater Vision II LLC
Grant Deed
$1,000,000 · Washington Mutual Bank Fa
Apr 15, 2005
—
Greater Vision II LLC
Panietz,jacob & Shirley
Grant Deed
—
Feb 27, 2004
$1,365,000
Jacob Panietz
J B Kane LLC
Grant Deed
$800,000 · Impac Multifamily Capital Corp
Feb 27, 2004
—
Aram Beloian
Lease-beloian,laurie A
Quit Claim Deed
related
—
Feb 27, 2004
$1,305,000
J B Kane LLC
Koonce Family Enterprises LP
Grant Deed
—
Dec 19, 1995
—
Koonce Family Enterprises LP
Koonce,elmer
Quit Claim Deed
related
—
Nov 10, 1995
$86,000
Elmer Koonce
Leonard Walls Estate
Grant Deed
—
Dec 12, 1989
$72,910
Leonard Walls
Boyajian,earl O
Trustees Deed
related
—
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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