Needles Retail Property with
1150 W Broadway Street Needles, CA 92363
For Sale
Contact for pricing
Commercial retail property with highway frontage and high visibility.
Property Size2,800 SF
Lot Size0.69 Acres
Price / SF$106.79
Days on Market825
Property Features for 1150 W Broadway Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.69 Acres
- Property subtype
- Industrial, Land
Listing Agency:
Coldwell Banker Campbell Realtors
Listed By:
Stefanie Oldham · License #CA
Source:
Crexi
Added: Apr 24, 2024
Changed: Jul 10
Last Checked: Jul 26 at 6:29AM
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 Coldwell Banker Campbell Realtors
Investment Insights
Based on property information with market context.
This commercial retail property, formerly a nursery, features a 2,800-square-foot steel building with two garages that have large bays. Situated on a 30,000-square-foot lot, the property offers potential for various business ventures. The property benefits from highway frontage and exposure to street traffic, providing high visibility. Located just off the 40 freeway, it allows for easy access. The fenced lot provides ample space for parking and storage. The property is located in Needles, California, near the Colorado River, and could be suitable for a boat or RV repair shop.
Key Highlights
- Owner will carry.
- 2800 sq ft steel building with 2 garages on a 30,000 sq ft lot.
- Great highway frontage and high visibility.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $12.48 |
| − Vacancy | −$2.1k | −$0.75 |
| EGI | $32.8k | $11.73 |
| − OpEx | −$9.9k | −$3.52 |
| NOI | $23.0k | $8.21 |
2,800 SF · lease $12.48/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$573.4K
$501.7K – $668.9K
NOI $40,135 @ 7.0% cap · market cap 13.42%
Second Best
Industrial
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$590.6K
$516.8K – $689.1K
NOI $41,343 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Honest John's mobile repair llc — 110 e broadway st, needles, ca 92363
- Active Towing — 1705 Eagle Pass Rd, Needles, CA 92363
- Route 66 Cycle Works — 611 Front St, Needles, CA 92363
- Big O Tires — 949 W Broadway St, Needles, CA 92363
- Gibson's Cadillac converter service — 721 Front St, Needles, CA 92363
FAQs
What type of property is this?
Auto shop - Commercial retail property with highway frontage and high visibility.
Where is this auto shop located?
The property is located at 1150 W Broadway Street Needles, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Owner will carry.; 2800 sq ft steel building with 2 garages on a 30,000 sq ft lot.; Great highway frontage and high visibility.
