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    Downtown Bishop Mixed-Use Opportunity Title is generated by Realmo AI

    130 Short St, Bishop, CA 93514

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    Claim this Listing
    Pending
    $299,900

    COMMERCIAL - Bishop, CA

    Type:Office
    Property size:
    1,721 SF
    Lot size:
    0.04 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    41
    Last Refresh:
    May 13 at 9:06 am

    Property Features for 130 Short St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C-1, Mixed use
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
    Interior features
    Fireplace, Vaulted Ceilings, Flooring- Carpet, Flooring- Linoleum
    Exterior features
    View of City
    Fireplace
    1
    Standard status
    Pending
    APN
    001-183-03-00
    Size
    1,721 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1946
    Floors in Building
    2
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Randi Pritchard
    Randi Pritchard

    Listing agent Randi Pritchard License #01279671

    Listing office Eastern Sierra Realty 218 E Line St., Bishop, CA

    Listing date Apr 3, 2026

    MLS# 2313226

    Copyright © 2026 Inyo County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Downtown Bishop location in the C‑1 commercial district with Mixed‑Use Overlay.
    • Flexible Mixed‑Use Overlay zoning allows for residential, commercial, or live/work space.
    • High foot traffic location near dining and amenities (Mountain Rambler Brewery, Chamber of Commerce).
    • Multiple office/bedroom configurations and two bathrooms.
    • Infill development and adaptive reuse potential.
    • Fireplace included.

    Overview

    Located in the heart of Downtown Bishop, this property presents a unique opportunity within the C-1 commercial district, enhanced by a Mixed-Use Overlay designation. Situated on a 1,721 sq ft lot, the property features multiple office or bedroom configurations, a fireplace, and two bathrooms. This layout is suitable for professional offices, live/work spaces, or boutique service use. The Mixed-Use Overlay supports a blend of residential, commercial, and civic uses, offering flexible occupancy options and potential for future redevelopment. The property benefits from its proximity to local dining and amenities, located across from the Mountain Rambler Brewery and behind the new Chamber of Commerce, contributing to strong foot traffic and a pedestrian-friendly downtown environment. The overlay zoning encourages infill development, adaptive reuse, and a vibrant mix of uses. This property is located in Inyo County, California, and is zoned C-1, Mixed use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mammoth Hospital Billing Hospital

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bishop
    County
    Inyo
    State
    California
    Longitude
    -118.3944874
    Latitude
    37.3603307

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    FAQs

    What type of property is this?
    Live-work space - Versatile property in Bishop's vibrant downtown core.
    Where is this live-work space located?
    The property is located at 130 Short St Bishop, CA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Prime Downtown Bishop location in the C‑1 commercial district with Mixed‑Use Overlay.; Flexible Mixed‑Use Overlay zoning allows for residential, commercial, or live/work space.; High foot traffic location near dining and amenities (Mountain Rambler Brewery, Chamber of Commerce).
    (760) 873-4161
    We can help!
    Listing Contact
    Randi Pritchard
    Randi Pritchard
    Real Estate License ID: 01279671
    Learn More
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    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
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