Corner Mixed-Use
For Sale
$495,000
1701 Needles Highway, Needles, CA 92363
C-2-zoned commercial building with flexible office areas, a paved parking lot, and regional highway access.
Property Size3,520 SF
Lot Size0.72 Acres
Price / SF$140.63
Days on Market781
Property Features for 1701 Needles Highway
General Information
Standard status
Active
Size
3,520 SF
Lot size
0.72 Acres
Property subtype
Commercial Sale / Mixed Use
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Amenities
energy-efficient LED lighting
Building Details
Year Built
1992
Buildings
1
Building Size
3,520 SF
Listing Agency:
Realty ONE Group Empire
Listed By:
Debra Tilbury · License #02097428
(760) 407-6444
Source:
Compass
Added: Jul 19, 2024
Changed: Sep 5
Last Checked: Sep 6 at 3:52PM
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 Realty ONE Group Empire
Investment Insights
Based on property information with market context.
Located at 1701 Needles Highway, this mixed-use commercial property includes a 3,520-square-foot building constructed in 1992 on 0.72 acres. The interior provides adaptable office areas with LED lighting and insulation, while the site offers a fully paved lot with more than 45 parking spaces. C-2 zoning supports general commercial use.
The property occupies a corner position with access to I-40 in both directions and historical U.S. Route 66. Its setting also provides connectivity toward Mohave Valley, Fort Mohave, and Bullhead City, with the Colorado River less than one-half mile away.
The property occupies a corner position with access to I-40 in both directions and historical U.S. Route 66. Its setting also provides connectivity toward Mohave Valley, Fort Mohave, and Bullhead City, with the Colorado River less than one-half mile away.
Key Highlights
- 3,520‑square‑foot building on 0.72 acres
- C‑2 zoning for general commercial use
- Constructed in 1992
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
$41,432
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
8.37%
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%
$828,640
$828.6K
Cap Rate 7%
$591,886
$591.9K
Cap Rate 9%
$460,356
$460.4K
Market Conditions
NOI Build-Up for 3,520 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
$60.0K $17.04/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$55.2K $15.69/SF
− OpEx
−$13.8K −$3.92/SF
NOI
$41.4K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$828,640
Cap Rate 7%
$591,886
Cap Rate 9%
$460,356
Alternative Uses
Best Use
Office B
$591.9K
$517.9K – $690.5K
NOI $41,432 @ 7.0% cap · market cap 8.37%
Second Best
Mixed Use
$407.7K
$356.7K – $475.6K
NOI $28,538 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$742.5K
$649.7K – $866.2K
NOI $51,974 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 92363, CA
5,634
Population
3,867
Households
1.5
Avg Household Size
45
Median Age
9%
College-Educated
79%
High-School Grad
372.0 sq mi
ZIP Area
15
Density / Sq Mi
$40,226
Median Household Income
$38,218
Median Earnings
$738
Median Rent
$138,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned commercial building with flexible office areas, a paved parking lot, and regional highway access.
Where is this mixed-use property located?
The property is located at 1701 Needles Highway Needles, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,520‑square‑foot building on 0.72 acres; C‑2 zoning for general commercial use; Constructed in 1992
