Storefront Property with On-Site
For Sale
$495,000
1101 W Broadway, Needles, CA 92363
The commercial building includes on-site parking and is situated along W Broadway.
Property Size2,900 SF
Lot Size0.28 Acres
Price / SF$170.69
Days on Market17
Property Features for 1101 W Broadway
General Information
Standard status
Active
Size
2,900 SF
Lot size
0.28 Acres
Property subtype
Business
Additional Details
Property Use
Retail or Office
Amenities
on-site parking
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Karen Summitt Broker
Listed By:
Karen Summitt · License #02065258
(928) 768-6622
Source:
Pinpointrealtors
Added: Oct 16
Changed: Nov 1
Last Checked: Nov 1 at 1:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karen Summitt Broker
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Investment Insights
Based on property information with market context.
This storefront property at 1101 W Broadway was built in 1971 and sits on approximately 0.277 acres. On-site parking is included. The space is described as suitable for retail or office use, subject to applicable zoning and approvals.
Key Highlights
- On‑site parking
- Approximately 0.277 acres
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,568
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,360
$831.4K
Cap Rate 7%
$593,829
$593.8K
Cap Rate 9%
$461,867
$461.9K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$62.6K $21.60/SF
− Vacancy
−$3.3K −$1.12/SF
EGI
$59.4K $20.48/SF
− OpEx
−$17.8K −$6.14/SF
NOI
$41.6K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,360
Cap Rate 7%
$593,829
Cap Rate 9%
$461,867
Alternative Uses
Best Use
Retail
$593.8K
$519.6K – $692.8K
NOI $41,568 @ 7.0% cap · market cap 8.40%
Second Best
Office B
$487.6K
$426.7K – $568.9K
NOI $34,134 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 92363, CA
5,634
Population
3,867
Households
1.5
Avg Household Size
45
Median Age
9%
College-Educated
79%
High-School Grad
372.0 sq mi
ZIP Area
15
Density / Sq Mi
$40,226
Median Household Income
$38,218
Median Earnings
$738
Median Rent
$138,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial building includes on-site parking and is situated along W Broadway.
Where is this storefront property located?
The property is located at 1101 W Broadway Needles, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: On‑site parking; Approximately 0.277 acres; Built in 1971
