Equipment Rental Business and
For Sale
$2,900,000
1621 W Main St, Barstow, CA 92311
Operating equipment rental business with real estate and extensive inventory.
Property Size8,200 SF
Lot Size9.20 Acres
Days on Market154
Property Features for 1621 W Main St
General Information
Standard status
Active
Size
8,200 SF
Lot size
9.20 Acres
Property subtype
Industrial
Building Details
Building Size
8,200 SF
Year Built
1951
Listing Agency:
MGR Real Estate, Inc
(760) 955-7888
Listed By:
Randy Sanchez · License #01069357
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:57PM
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 MGR Real Estate, Inc
Investment Insights
Based on property information with market context.
This sale includes the real estate, multiple land parcels with numerous buildings, totaling approximately 9.29 acres, and two businesses with all inventory and an extensive list of equipment. The businesses focus on heavy equipment rentals and sales, with all operations, equipment, and inventory included in the sale. The inventory features a wide range of items, such as buckets, heavy machinery, construction attachments for excavators, loaders, backhoes, dozers, cranes, and draglines. Additional items include ripper shanks, thumbs, fork attachments, compaction wheels, couplers, asphalt cutting wheels, towable compactors, bedding conveyors, water towers, and slope boards. The property is conveniently situated at the intersection of Main St. and Avenue H, directly in front of the BNSF Railway Hub, with multiple entry and exit points and easy access from the I-15 freeway. These businesses are poised to benefit from the upcoming BNSF project, a 4,500-acre facility with a budget of $1.5 billion. This project is expected to create over 20,000 jobs in the area and will feature a railyard, an intermodal facility, and warehouses designed for transloading freight from smaller international containers to larger domestic containers, facilitating direct transfers from ports. The property has been successfully operated as a family business for over 50 years.
Key Highlights
- Includes real estate (± 9.29 acres with multiple buildings), two businesses, all inventory, and extensive equipment list.
- Located directly in front of the BNSF Railway Hub and easily accessible from I‑15.
- Businesses poised to benefit from the upcoming $1.5 billion BNSF project creating 20,000+ jobs.
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
$117,537
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
4.05%
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%
$2,350,740
$2.4M
Cap Rate 7%
$1,679,100
$1.7M
Cap Rate 9%
$1,305,967
$1.3M
Market Conditions
NOI Build-Up for 8,200 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
$177.1K $21.60/SF
− Vacancy
−$9.2K −$1.12/SF
EGI
$167.9K $20.48/SF
− OpEx
−$50.4K −$6.14/SF
NOI
$117.5K $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 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%
$2,350,740
Cap Rate 7%
$1,679,100
Cap Rate 9%
$1,305,967
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,537 @ 7.0% cap · market cap 4.05%
Second Best
Industrial
$962.0K
$841.7K – $1.12M
NOI $67,337 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,077 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Operating equipment rental business with real estate and extensive inventory.
Where is this automotive property located?
The property is located at 1621 W Main St Barstow, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Includes real estate (± 9.29 acres with multiple buildings), two businesses, all inventory, and extensive equipment list.; Located directly in front of the BNSF Railway Hub and easily accessible from I‑15.; Businesses poised to benefit from the upcoming $1.5 billion BNSF project creating 20,000+ jobs.
