Technical
Financial
Distress signals
Property profile

866 Olive Ave Porterville, CA 93257

OFF-MARKET
Retail space
Property ID
US09-5791220
1.48 ac lot Built 1900
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial site in Porterville, California, comprising over 1.50 acres of land zoned for general commercial use. It includes a 1,000+/- square foot office building with a kitchen, storage area, and a bathroom that has a shower. There is also a metal-framed, metal-sided shop building with a canopy. The site provides ingress and egress from both W. Olive Avenue and Wisconsin Avenue. It was previously used by a towing company and has been cleared. A Phase I environmental report was completed, and the property is situated near a large automotive dealership.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Lot 1.48 ac (64,468 SF)
APN 251-202-030-000
UPID US09-5791220

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

866 Olive Ave Porterville, CA 93257-3110
Porterville metro Census 3801 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2024
Last sale
$550,000
6 recorded transactions
2024
$550,000
2024
Price N/A
2006
$499,000
2006
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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