Prime Commercial Property Near
For Sale
$3,400,000
16940 State Highway 14, Mojave, CA 93501
High-traffic commercial property near Mojave Airport with excellent investment potential.
Property Size12,000 SF
Price / SF$283.33
Days on Market254
Property Features for 16940 State Highway 14
General Information
Standard status
Active
Size
12,000 SF
Building Details
Year Built
1990
Listing Agency:
Equity Union
Listed By:
Paul Baccino · License #01971933
(818) 989-2000
Source:
Myfabuloushome
Added: Jan 26
Changed: Sep 13
Last Checked: Oct 5 at 11:44PM
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 Equity Union
Investment Insights
Based on property information with market context.
This commercial property is located in a busy wing of a shopping center near Mojave Airport, benefiting from high foot traffic. The location attracts travelers heading to Las Vegas and other major cities, with nearby Tesla charging stations. The property is surrounded by established businesses within the strip center and is near high-demand retail and dining options, including Stater Brothers, McDonald's, Starbucks, and Thai restaurants. Gas stations and convenience services in the area contribute to a constant stream of visitors. The property offers ample parking, including access to Tesla charging stations, and is situated in a growing area. This location is suitable for a variety of businesses and offers high visibility. A confidential offering memorandum is available upon request.
Key Highlights
- Prime commercial property location near Mojave Airport.
- High foot traffic due to proximity to Tesla charging stations and major travel routes.
- Located in a bustling shopping center with established businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,566
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,371,320
$2.4M
Cap Rate 7%
$1,693,800
$1.7M
Cap Rate 9%
$1,317,400
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$180.0K $15.00/SF
− Vacancy
−$10.6K −$0.89/SF
EGI
$169.4K $14.11/SF
− OpEx
−$50.8K −$4.23/SF
NOI
$118.6K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,371,320
Cap Rate 7%
$1,693,800
Cap Rate 9%
$1,317,400
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.98M
NOI $118,566 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,448 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 93501, CA
5,772
Population
2,416
Households
2.4
Avg Household Size
35
Median Age
7%
College-Educated
74%
High-School Grad
222.0 sq mi
ZIP Area
26
Density / Sq Mi
$55,372
Median Household Income
$37,500
Median Earnings
$1,175
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - High-traffic commercial property near Mojave Airport with excellent investment potential.
Where is this strip mall located?
The property is located at 16940 State Highway 14 Mojave, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Prime commercial property location near Mojave Airport.; High foot traffic due to proximity to Tesla charging stations and major travel routes.; Located in a bustling shopping center with established businesses.
