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    187 W Line St, Unit A-B-C- Bishop, CA 93514

    Sponsored
    For Sale
    $975,000

    COMMERCIAL - Bishop, CA

    Type:Office
    Property size:
    5,900 SF
    Days on Market:
    58
    Last Refresh:
    Feb 27 at 9:06 am

    Property Features for 187 W Line St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C, C-1, Central Business,
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Bathrooms
    3
    APN
    001-132-08
    Patio and Porch features
    Patio
    Interior features
    Fixtures, Accessibility Features, Wheelchair Accessible, Vaulted Ceilings, Flooring- Carpet, Flooring- Linoleum, Dual Pane Windows
    Exterior features
    Corner Lot, Highway Frontage, RV/Boat Parking, View of Mountains, View of Valley, Work Shop, Access- All Year, Gutters & Downspouts, Outdoor Lighting, Patio- Uncovered, View of City
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Water Heater, Water Heater- Electric, Water Heater- Propane
    Size
    5,900 SF

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Propane (Heating), See Remarks (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1924
    Roof type
    Composition, Metal, Asphalt, Built-Up

    We can help!

    Listing Contact
    Stan Smith

    Pleasant Valley Associates (760) 873-7826

    Listing agent Stan Smith (760) 873-7826 License #00586416

    Listing date Jan 1, 2026

    MLS# 2312765

    Copyright © 2026 Inyo County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bishop Commercial Property with Tenant

    This commercial property in Bishop, CA, offers a unique opportunity for investors or owner-users. A national credit tenant, Enterprise Car Rental, is currently on a lease with a 5-year option at competitive rents. Community Printing occupies approximately 4000 square feet of office, warehouse, and production space, which may become available to a new buyer-owner-user or investor, either through the sale of the business or closure. The property features heavy power, an extreme heating, cooling, and filtering system, off-street parking, and a roll-up freight door. It benefits from visibility on West Line Street/Hwy 168 and is located near City Hall, the Police Department, the Fire Department, downtown shopping, banking, and the retail corridor. The property is zoned C, C-1, Central Business. The building has a total size of 5900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Facility Pleasant Valley Associates Real Estate Agency Community Printing-Publishing Printing Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bishop
    County
    Inyo
    State
    California
    Longitude
    -118.3959605
    Latitude
    37.3616148

    Nearby Similar for Sale

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    • $849,900
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      Bishop, CA Dual-Unit Office Building

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      Commercial Building in Bishop, CA

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    FAQs

    What type of property is this?
    Office building - Commercial property with existing tenant and potential owner-user opportunity.
    Where is this office building located?
    The property is located at 187 W Line St, Unit A-B-C- Bishop, CA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - National credit tenant (Enterprise Car Rental) provides immediate income with a 5-year option at good rents.; - Approximately 4000sf of office/warehouse/production space potentially available.; - Heavy power, extreme heating/cooling/filtering system in place.
    (760) 873-7826
    Request Owner's contact information
    187 W Line St, Unit A-B-C- Bishop, CA 93514
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    187 W Line St, Unit A-B-C- Bishop, CA 93514
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    We can help!
    Listing Contact
    Stan Smith
    Real Estate License ID: 00586416
    (760) 873-7826
    Learn more
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