Mixed-Use Property in Opportunity
For Sale
$125,000
1601 Center Ln, Barstow, CA 92311
Three structures on a 30,000 sq ft lot.
Property Size900 SF
Lot Size0.70 Acres
Price / SF$138.89
Days on Market749
Property Features for 1601 Center Ln
General Information
Standard status
Active
Size
900 SF
Lot size
0.70 Acres
Listing Agency:
Oasis Realty Group Inc
(760) 254-1971
Listed By:
Nadine Mumford · License #01258005
(760) 254-1971
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Apr 5 at 9:05PM
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 Oasis Realty Group Inc
Investment Insights
Based on property information with market context.
This property features three structures situated on a 30,000 sq ft lot. Approximately 900 sq ft of one structure was previously utilized for residential purposes. Another building, approximately 800 sq ft, is suitable for office or industrial use and includes approximately 900 sq ft of garage space. Electricity is currently active in two of the units. One unit experienced a fire and is red tagged. The property has one operable water meter and is connected to sewer services. Located within an Opportunity Zone, this property is subject to cancellation of the current escrow.
Key Highlights
- Large 30,000 sq. ft. lot with three structures.
- Located within an Opportunity Zone.
- Two structures have existing electricity connections.
Financial Insights For Office B
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 | $15.3k | $17.04 |
| − Vacancy | −$1.2k | −$1.35 |
| EGI | $14.1k | $15.69 |
| − OpEx | −$3.5k | −$3.92 |
| NOI | $10.6k | $11.77 |
900 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$151.3K
$132.4K – $176.6K
NOI $10,593 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$113.8K
$99.6K – $132.8K
NOI $7,968 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$189.8K
$166.1K – $221.5K
NOI $13,289 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 92311, CA
34,524
Population
13,707
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
84%
High-School Grad
424.4 sq mi
ZIP Area
81
Density / Sq Mi
$59,338
Median Household Income
$38,871
Median Earnings
$1,081
Median Rent
$217,500
Median Home Value
Market
Properties on Market for Mixed-use properties in San Bernardino County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three structures on a 30,000 sq ft lot.
Where is this mixed-use property located?
The property is located at 1601 Center Ln Barstow, CA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Large 30,000 sq. ft. lot with three structures.; Located within an Opportunity Zone.; Two structures have existing electricity connections.
