Tire Shop with Service
For Sale
$699,000
Pending
120 S Warner St, Ridgecrest, CA 93555
Tire shop offering three service bays with mechanics’ pits, plus office/lobby split-system AC and on-site storage containers.
Property Size5,000 SF
Lot Size1.76 Acres
Days on Market336
Property Features for 120 S Warner St
General Information
Standard status
Pending
Size
5,000 SF
Lot size
1.76 Acres
Additional Details
Business Included
Yes
Service Bays
3
Listing Agency:
TNT Western Homes Inc.
(760) 384-0000
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-8884
Source:
Exprealty
Added: Oct 12, 2025
Changed: Aug 20
Last Checked: Sep 11 at 12:20PM
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 TNT Western Homes Inc.
Investment Insights
Based on property information with market context.
This well-established, family-owned tire shop is offered for sale with a spacious 5,000-square-foot building on a .41-acre site. The property includes an office area and lobby equipped with a split system AC unit. Operational improvements include three service bays with two mechanics’ pits, along with two containers for additional storage.
The site is located at 120 S Warner St, Ridgecrest, CA, positioned next to City Hall for visibility and easy access. The sale includes two lots: the .41-acre lot and an additional 1.35-acre lot that extends down to Bank of America.
Please note that inventory and equipment are not included in the sale price.
The site is located at 120 S Warner St, Ridgecrest, CA, positioned next to City Hall for visibility and easy access. The sale includes two lots: the .41-acre lot and an additional 1.35-acre lot that extends down to Bank of America.
Please note that inventory and equipment are not included in the sale price.
Key Highlights
- 5,000 SF tire shop building on a .41‑acre lot next to City Hall at 120 S Warner St, Ridgecrest, CA 93555
- Three service bays with two mechanics' pits
- Office and lobby with split system AC unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,231,500
$1.2M
Cap Rate 7%
$879,643
$879.6K
Cap Rate 9%
$684,167
$684.2K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$92.4K $18.48/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$88.0K $17.59/SF
− OpEx
−$26.4K −$5.28/SF
NOI
$61.6K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,231,500
Cap Rate 7%
$879,643
Cap Rate 9%
$684,167
Alternative Uses
Best Use
Industrial
$879.6K
$769.7K – $1.03M
NOI $61,575 @ 7.0% cap · market cap 8.81%
Second Best
Retail
$705.8K
$617.5K – $823.4K
NOI $49,403 @ 7.0% cap · market cap 7.07%
Theoretical Best
Warehouse
$1.07M
$934.6K – $1.25M
NOI $74,770 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
158k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 39%
Groceries 5%
Home Improvements & Furnishings 4%
McDonald's
Dining
20,355 visits/mo
0.2 miles
Fastrip
Shops & Services
17,858 visits/mo
0.4 miles
Dollar Tree
Shops & Services
15,624 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
12,411 visits/mo
0.2 miles
Denny's
Dining
10,515 visits/mo
0.2 miles
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
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- Jim Charlon Ford, Inc. Service — 269 S China Lake Blvd, Ridgecrest, CA 93555
- Ridgecrest Tire & Auto Body Shop — 825 W Ridgecrest Blvd, Ridgecrest, CA 93555
- American Towing — 111 s norma st, ridgecrest, ca 93555
Frequently Asked Questions
What type of property is this?
Auto shop - Tire shop offering three service bays with mechanics’ pits, plus office/lobby split-system AC and on-site storage containers.
Where is this auto shop located?
The property is located at 120 S Warner St Ridgecrest, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 5,000 SF tire shop building on a .41‑acre lot next to City Hall at 120 S Warner St, Ridgecrest, CA 93555; Three service bays with two mechanics' pits; Office and lobby with split system AC unit
