Renovated T-Mobile
For Sale
Contact for pricing
320 South Lovekin Boulevard, Blythe, CA 92225
Retail storefront offered for sale with a major 2023 renovation and an active corporate T-Mobile lease.
Property Size4,799 SF
Price / SF$302.15
Days on Market60
Property Features for 320 South Lovekin Boulevard
General Information
Standard status
Active
Size
4,799 SF
Property subtype
Retail
Occupancy
38%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$47,312
Additional Details
Cap Rate
10%
Building Details
Year Built
1974
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Michael Crovetti · License #TX 9006078
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Jun 20 at 6:19AM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail storefront totals 4,799 square feet and is presented as a pro forma offering reflecting a 10% cap rate. The asset was subject to a major renovation in 2023, aligning the property for continued retail use. The property is currently described as being leased by corporate T-Mobile.
The offering is located at 320 South Lovekin Boulevard in Blythe, CA 92225. As presented, the lease structure and recent renovation are the primary operational considerations tied to the asset.
For tenants, buyers, and brokers evaluating a retail space with an established corporate operator, the key factors here are the 2023 renovations and the presence of a corporate T-Mobile lease. The property’s retail configuration and existing leasing status may support buyers looking for an income-oriented retail storefront rather than an owner-user conversion.
The offering is located at 320 South Lovekin Boulevard in Blythe, CA 92225. As presented, the lease structure and recent renovation are the primary operational considerations tied to the asset.
For tenants, buyers, and brokers evaluating a retail space with an established corporate operator, the key factors here are the 2023 renovations and the presence of a corporate T-Mobile lease. The property’s retail configuration and existing leasing status may support buyers looking for an income-oriented retail storefront rather than an owner-user conversion.
Key Highlights
- 10% cap rate proforma offering (per provided remarks)
- Major renovation completed in 2023
- Retail storefront with an active corporate T‑Mobile lease
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
$68,788
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
4.74%
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%
$1,375,760
$1.4M
Cap Rate 7%
$982,686
$982.7K
Cap Rate 9%
$764,311
$764.3K
Market Conditions
NOI Build-Up for 4,799 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
$103.7K $21.60/SF
− Vacancy
−$5.4K −$1.12/SF
EGI
$98.3K $20.48/SF
− OpEx
−$29.5K −$6.14/SF
NOI
$68.8K $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%
$1,375,760
Cap Rate 7%
$982,686
Cap Rate 9%
$764,311
Alternative Uses
Best Use
Retail
$982.7K
$859.9K – $1.15M
NOI $68,788 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.8K – $1.18M
NOI $70,860 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
303k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 29%
Hotels & Casinos 7%
Home Improvements & Furnishings 4%
McDonald's
Dining
49,638 visits/mo
0.1 miles
Chevron
Shops & Services
30,688 visits/mo
0.3 miles
Starbucks
Dining
27,202 visits/mo
0.1 miles
Jack in the Box
Dining
18,662 visits/mo
0.1 miles
Carl's Jr.
Dining
17,341 visits/mo
0.1 miles
Demographics for 92225, CA
21,104
Population
7,797
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
71%
High-School Grad
581.0 sq mi
ZIP Area
36
Density / Sq Mi
$51,294
Median Household Income
$32,548
Median Earnings
$902
Median Rent
$197,000
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Retail storefront offered for sale with a major 2023 renovation and an active corporate T-Mobile lease.
Where is this storefront property located?
The property is located at 320 South Lovekin Boulevard Blythe, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 10% cap rate proforma offering (per provided remarks); Major renovation completed in 2023; Retail storefront with an active corporate T‑Mobile lease
