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Property profile & analytics
OFF-MARKET
Retail space
890 Olive Ave Porterville, CA 93257-3110
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5787503
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Total area
5,250 SF
Lot
0.18 ac (7,965 SF)
Zoning code
C-2
APN
251-202-026-000
UPID
US09-5787503
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
-
Cali Pro Tint Interior Design Auto Repair Shop
-
Relief Spa Alternative Medicine Practice Spa & Massage Center
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
Marten Ghanem · 3 yrs held
Marten Ghanem
since 2022
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
C-2 · 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
$4,309
Tax year 2024
Assessed value
$397,800
Assessed 2024
Previous assessed
$397,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$102,000
Assessed improvement
$295,800
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
1949
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
5,250 SF
Lot
0.18 ac (7,965 SF)
Zoning code
C-2
APN
251-202-026-000
UPID
US09-5787503
Jurisdiction
TULARE
Zoning & alternative use
C-2 · Porterville, CA
Zoning C-2 · permitted uses
C-2 · 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
1949
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Marten Ghanem
Individual
Mailing address
2244 N TOMMY CT, VISALIA, CA 93291-9158
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 23, 2022
$390,000
Marten Ghanem
Gary Lynn Sprague
Grant Deed
$273,000 · Bank Of The Sierra
Mar 9, 2018
—
Gary L Sprague
—
Deed
related
—
Apr 19, 2005
—
Gary L Sprague
Sprague,gary L
Quit Claim Deed
related
—
Feb 12, 1998
—
Gary L Sprauge
Sprauge,terri
Quit Claim Deed
related
$85,000 · Rouch Investment Co
—
—
Gary L Sprague
—
Deed Of Trust
related
$125,000 · Bank Of The Sierra
—
—
Gary L Sprague
—
Deed Of Trust
related
$200,000 · Bank Of The Sierra
—
—
Gary L Sprague
—
Deed Of Trust
related
$232,500 · Bank Of The Sierra
—
—
Gary L Sprauge
—
Deed Of Trust
related
$86,500 · Bank Of The Sierra
—
—
Gary L Sprague
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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