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Property profile & analytics
OFF-MARKET
Office buildings

90 Thurman Ave Porterville, CA 93257-3710

1,982 SF 0.15 ac lot Built 1955
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5887401
Property summary
AI-generated overview

This exceptional 3-unit commercial property, situated at 90 E Thurman Avenue in Porterville, California, presents a compelling investment opportunity. Spanning 1,982 square feet on a 0.15-acre lot, this property boasts a prime location near the heart of downtown Porterville. Its strategic positioning ensures high visibility and convenient access to a thriving commercial district. One unit is currently leased, generating immediate rental income and demonstrating the property's strong potential for consistent cash flow. The remaining units offer flexibility for expansion, allowing for the development of additional income streams or the establishment of a new business venture. The property's proximity to Centennial Park, along with its close proximity to a variety of shopping and dining establishments, guarantees significant foot traffic and a robust customer base. This makes it an ideal location for a diverse range of businesses, from retail shops and restaurants to professional offices and service providers. The property's combination of immediate income generation, prime location, and expansion potential makes it an attractive investment for both experienced investors seeking to grow their portfolio and entrepreneurs looking to establish a successful business in a vibrant and accessible location. The asking price is $310,000.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1955
Construction WOOD
Total area 1,982 SF
Lot 0.15 ac (6,645 SF)
APN 253-206-007-000
UPID US09-5887401
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ulloa Investment Group LLC · 1 yrs held
Ulloa Investment Group LLC
since 2024
Last sale
$260,000
7 recorded transactions
2024
$260,000
2023
$60,000
2022
Price N/A
2022
$197,000
2022
Price N/A
2021
$33,000
2020
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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