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Property profile & analytics
OFF-MARKET
Retail space
87 Laurel Ave Porterville, CA 93257-2361
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5789939
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
WOOD
Total area
1,120 SF
Lot
0.15 ac (6,480 SF)
Zoning code
CG
APN
252-130-023-000
UPID
US09-5789939
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
-
Fresh Cuts Barbershop Barber Shop
-
Sassy, Classy Paws Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charlotte P Clark · 3 yrs held
Charlotte P Clark
since 2023
Last sale
$99,500
6 recorded transactions
Zoning & alternative use
CG · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,246
Tax year 2024
Assessed value
$115,000
Assessed 2024
Previous assessed
$115,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$60,000
Assessed improvement
$55,000
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
1977
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
1,120 SF
Lot
0.15 ac (6,480 SF)
Zoning code
CG
APN
252-130-023-000
UPID
US09-5789939
Jurisdiction
TULARE
Zoning & alternative use
CG · Porterville, CA
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Charlotte P Clark
Individual
Free & Clear · 3 yrs held
Mailing address
342 N 2ND ST, PORTERVILLE, CA 93257-3847
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Charlotte P Clark
Jerry L Clark
Affidavit Of Death Of Joint Tenant
related
—
Dec 14, 2017
—
Ramon Bravo
Bravo,ramon
Quit Claim Deed
related
—
May 10, 2004
—
Ramon Bravo
Bravo,guadalupe
Quit Claim Deed
related
—
May 10, 2004
$99,500
Ramon Bravo
Clark,jerry L & Charlotte P
Grant Deed
$87,500 · Jerry L & Charlotte P Clark
Mar 30, 1990
$58,000
Clark Jerry L
Stonecipher,marv
Grant Deed
$50,500
—
—
Ramon Bravo
—
Deed Of Trust
related
$55,000 · Enrique B Cortez
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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