Retail Space with Mini-Split
For Sale
$300,000
3611 Wagon Wheel Drive, Lake Isabella, CA 93240
A corner-lot commercial building includes two bathrooms and heating and cooling from a mini-split system.
Property Size1,440 SF
Lot Size0.61 Acres
Price / SF$208.33
Days on Market15
Property Features for 3611 Wagon Wheel Drive
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.61 Acres
Additional Details
Corner Location
Yes
Building Details
Year Built
1968
Buildings
1
Building Size
1,440 SF
Listing Agency:
Click Realty
(760) 376-2289
Listed By:
Cheyanne Click · License #02028583
(661) 332-0692
Source:
Exprealty
Added: Oct 3
Changed: Oct 15
Last Checked: Oct 16 at 11:05AM
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 Click Realty
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Investment Insights
Based on property information with market context.
This 1,440-square-foot retail property sits on an approximately 0.61-acre corner lot in Lake Isabella. Built in 1968, the building has received cosmetic updates and is equipped with a mini-split heating and cooling system. Interior amenities include a three-quarter bathroom with a shower and a separate half bath.
The parcel offers space for parking and outdoor displays, with potential for expansion. Possible applications include office, showroom, retail, or sales-lot use, subject to zoning and county approval.
The parcel offers space for parking and outdoor displays, with potential for expansion. Possible applications include office, showroom, retail, or sales-lot use, subject to zoning and county approval.
Key Highlights
- 1,440‑square‑foot retail building on an approximately 0.61‑acre corner lot
- Built in 1968 with cosmetic updates
- Mini‑split system provides heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,228
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,560
$284.6K
Cap Rate 7%
$203,257
$203.3K
Cap Rate 9%
$158,089
$158.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$21.6K $15.00/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$20.3K $14.11/SF
− OpEx
−$6.1K −$4.23/SF
NOI
$14.2K $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%
$284,560
Cap Rate 7%
$203,257
Cap Rate 9%
$158,089
Alternative Uses
Best Use
Retail
$203.3K
$177.9K – $237.1K
NOI $14,228 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$307.6K
$269.2K – $358.9K
NOI $21,534 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 20%
Shops & Services 19%
Home Improvements & Furnishings 15%
Taco Bell
Dining
8,998 visits/mo
0.2 miles
Grocery Outlet Bargain Market
Groceries
8,089 visits/mo
0.3 miles
Lake Isabella True Value
Home Improvements & Furnishings
5,907 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,167 visits/mo
0.5 miles
Pizza Factory
Dining
3,182 visits/mo
0.5 miles
Demographics for 93240, CA
5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A corner-lot commercial building includes two bathrooms and heating and cooling from a mini-split system.
Where is this retail space located?
The property is located at 3611 Wagon Wheel Drive Lake Isabella, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,440‑square‑foot retail building on an approximately 0.61‑acre corner lot; Built in 1968 with cosmetic updates; Mini‑split system provides heating and cooling
