Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Balboa Pl Needles, CA 92363

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    Land suitable for cannabis cultivation with concept drawings available.

    Lot size:
    1.85 Acres

    Property Features for Balboa Pl

    General Information

    Lot size
    1.85 Acres

    We can help!

    Listing Contact
    Karen Summitt
    Karen Summitt
    Source: Elliman

    Listing Agent: Karen Summitt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land Parcel for Cannabis Grow

    The property consists of one parcel, identified as 0660-081-37-0000. Additional parcels are available under parcel number 0660-081-38-0000. A proposed concept drawing suggests the possibility of constructing a Cannabis Grow Building, with space designated for one building on each lot. The seller is open to discussing various options and will consider all offers.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Needles
    County
    San Bernardino
    State
    California
    Longitude
    -114.671
    Latitude
    34.5025

    Nearby Similar for Sale

    • $250,000
      1,878 SF

      Three Homes, Income Potential

      Three single-family homes on two lots, great income potential.
      518 A St St, Needles, CA 92363
      View Details
    • Contact for pricing
      3,222 SF

      Prime Restaurant with Drive-Thru

      Restaurant opportunity in Needles, CA with high visibility.
      2601 Needles Hwy, Needles, CA 92363
      View Details
    • $49,900

      Riverfront Mobile Home in Needles

      Move-in ready 2 bed/2 bath in 55+ community.
      690 Channel Way, Needles, CA 92363
      View Details
    • $410,000

      Downtown Needles Commercial Space

      Commercial space in downtown Needles with multiple business possibilities.
      518 W Broadway St, Needles, CA 92363
      View Details
    • $179,000

      Commercial/Residential Property on Historic Route 66

      Mixed-use property with development potential on Route 66.
      1312 W Broadway St, Needles, CA 92363
      View Details
    • $340,000

      Warehouse on Corner Lot

      3,200 SF warehouse on 12,000 SF gated lot.
      1611 Needles Hwy, Needles, CA 92363
      View Details
    • $5,990,000

      Mobile Home Park Opportunity

      Mobile home park with development potential near casino and marina.
      12600 Havasu Lk Rd, Needles, CA 92363
      View Details
    • $2,200,000

      New Manufacturing Building For Sale

      12,500 SF manufacturing building zoned for medical marijuana cultivation.
      250 Balboa Bldg 1 Pl, Needles, CA 92363
      View Details
    • $769,500
      7,695 SF

      Free Standing Office Building

      Office building for sale, formerly a county services building.
      1300 Bailey Ave, Needles, CA 92363
      View Details
    • $114,500

      Coronado Street Specialty Property

      Specialty property available for sale in Needles, California.
      900 Coronado St, Needles, CA 92363
      View Details
    • $225,000
      1,400 SF

      Downtown Needles Restaurant Building

      Prime location, ready for your business! Large corner lot.
      701 Broadway St, Needles, CA 92363
      View Details
    • $318,000
      2,655 SF

      Needles Commercial Building - Great Location!

      Prime Needles commercial space, ample parking. High potential.
      300 H St, Needles, CA 92363
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for cannabis cultivation with concept drawings available.
    Where is this land located?
    The property is located at Balboa Pl Needles, CA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Suitable for Cannabis Grow Building (proposed concept drawing).; - Consists of one parcel (0660-081-37-0000).; - Additional parcel available (0660-081-38-0000).
    (972) 998-1789
    Request Owner's contact information
    Balboa Pl Needles, CA 92363
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Balboa Pl
    Needles, CA 92363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Balboa Pl Needles, CA 92363
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karen Summitt
    Karen Summitt
    Real Estate License ID: BR650133000
    (972) 998-1789
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.