Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots in Downtown Blythe Title is generated by Realmo AI

    132 Hobsonway, Blythe, CA 92225

    View on Map
    Claim this Listing
    For Sale
    $399,999

    Three commercial lots totaling approximately 0.54 acres in downtown.

    Type:Lots/Land
    Lot size:
    0.54 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    415
    Last Refresh:
    May 28 at 4:00 pm

    Property Features for 132 Hobsonway

    General Information

    Standard status
    Active
    Lot size
    0.54 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Heather Denton

    Listing agent Heather Denton License #01890473

    Listing office Allison James Estates & Homes

    Listing date Apr 15, 2025

    Source Exitrealty

    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 Allison James Estates & Homes

    HighLights

    • Prime Downtown Blythe Location: Benefit from high visibility and accessibility in the heart of downtown.
    • Development Opportunity: Three commercial lots totaling approximately 0.54 acres, providing ample space for development.
    • Flexible Purchase Options: Available for purchase as a single package or individually.
    • High‑Traffic Corner Location: Located on the corner of Hobsonway & Spring St, ensuring significant exposure.
    • Utilities Readily Available: Simplifies the development process.
    • Adjacent to Union Bank: Benefit from proximity to a well‑established financial institution.

    Overview

    Three commercial lots are available for purchase, either separately or together. Located in downtown Blythe, California, the lots total approximately 0.54 acres. The property is situated on the corner of Hobsonway and Spring Street, next to Union Bank. Utilities are readily available.
    Location Intelligence

    Current Use by Public Records

    Jenny Arneson at River ... Real Estate Agency River Realty Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blythe
    County
    San Bernardino
    State
    California
    Longitude
    -114.595978
    Latitude
    33.609993

    Nearby Similar for Sale

    • $141,800
      3,306 SF

      Versatile Commercial Space in Blythe

      Spacious commercial property with flexible layout and covered parking.
      150 S Main Street, Blythe, CA 92225
      View Details
    • $273,800
      3,750 SF

      Adaptable Commercial Space in Blythe

      Versatile commercial property with potential for various business uses.
      132 E Hobson Way, Blythe, CA 92225
      View Details
    • $299,800
      4,900 SF

      Blythe Warehouse with Residential Unit

      Versatile commercial property with warehouse and residential unit.
      949 W Wells Street, Blythe, CA 92225
      View Details
    • $129,800
      600 SF

      Blythe Land with Concrete Building

      2-acre property with 600 SF building and robust infrastructure.
      1502 E 14th Avenue, Blythe, CA 92225
      View Details
    • $790,000
      3,360 SF

      Income-Producing 7-Plex in Blythe, CA

      Well-maintained 7-unit multifamily property with upside potential.
      175 S 5th, Blythe, CA 92225
      View Details
    • $350,000
      2,046 SF

      Established Chiropractic Office with Parking

      Turnkey chiropractic office with parking lot in Blythe, CA.
      320 E Hobsonway, Blythe, CA 92225
      View Details
    • $315,000
      3,060 SF

      Retail Space in Blythe, CA

      3,060 sq ft retail building in the heart of Blythe.
      121/127 E Hobsonway, Blythe, CA 92225
      View Details
    • $650,000

      Expansive Land Parcel in Blythe

      15+ acre commercial land with I-10 visibility in Blythe, CA.
      1800 W Hobsonway, Blythe, CA 92225
      View Details
    • $699,000
      6,544 SF

      Blythe Warehouse with Residential Unit

      Warehouse with home on 15.47 acres near I-10.
      643 S Intake Boulevard, Blythe, CA 92225
      View Details
    • $396,954

      Prime Commercial Land I-10 Freeway

      1.01 acre commercial lot with I-10 freeway visibility.
      1 .01 Acres E Donlon St, Blythe, CA 92225
      View Details
    • $530,230

      Prime Commercial Land I-10 Freeway

      1.22 acre commercial lot with I-10 freeway visibility.
      1.22 Acres E Donlon Street, Blythe, CA 92225
      View Details
    • $299,800

      Adaptable Commercial Space For Sale

      Versatile property suitable for retail, office, salon, or spa.
      132 Hobsonway, Blythe, CA 92225
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three commercial lots totaling approximately 0.54 acres in downtown.
    Where is this commercial land located?
    The property is located at 132 Hobsonway Blythe, CA.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Prime Downtown Blythe Location: Benefit from high visibility and accessibility in the heart of downtown.; Development Opportunity: Three commercial lots totaling approximately 0.54 acres, providing ample space for development.; Flexible Purchase Options: Available for purchase as a single package or individually.
    (760) 623-2394
    We can help!
    Listing Contact
    Heather Denton
    Real Estate License ID: 01890473
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    132 Hobsonway, Blythe, CA 92225
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!