Retail Investment with Long-Term
470 7th St Wasco, CA 93280
470 7th St, Wasco, CA, 93280
$375,000
Pending
For Sale
$375,000
Pending
For sale retail property in Wasco, CA featuring long-term tenants and a total size of 2,103 square feet.
Property Size2,103 SF
Days on Market415
Property Features for 470 7th St
General Information
- Standard status
- Pending
- Size
- 2,103 SF
Listing agency
Wingate Real Estate Services
(661) 758-6435
Listed by
Sean Mellon
Source
Exprealty
Added: Jun 2, 2025 Updated: Jul 20 at 5:20PM Checked: Jul 20 at 5:20PM
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 Wingate Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale retail property is located in Wasco, California and is currently operating with long-term tenants. The asset is identified as a drug store/retail property and totals 2,103 square feet.
Situated in the heart of Wasco, the property benefits from being positioned within a local commercial setting, supporting continued in-place tenancy.
With long-term tenants already in place, this offering may appeal to investors looking for an income-oriented retail asset in Wasco.
Situated in the heart of Wasco, the property benefits from being positioned within a local commercial setting, supporting continued in-place tenancy.
With long-term tenants already in place, this offering may appeal to investors looking for an income-oriented retail asset in Wasco.
Key Highlights
- For sale retail property in Wasco, CA
- 2,103 SF total size
- Property has long‑term tenants
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $15.60 |
| − Vacancy | −$1.8k | −$0.86 |
| EGI | $31.0k | $14.74 |
| − OpEx | −$7.8k | −$3.69 |
| NOI | $23.3k | $11.06 |
2,103 SF · lease $15.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$332.2K
$290.7K – $387.5K
NOI $23,252 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$296.8K
$259.7K – $346.3K
NOI $20,779 @ 7.0% cap · market cap 5.54%
Theoretical Best
Warehouse
$449.3K
$393.1K – $524.1K
NOI $31,448 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar Off Market Nearby
- Wasco Valley Pharmacy — 1139 7th St, Wasco, CA 93280
- Express Pharmacy — 650 F St, Wasco, CA 93280
FAQs
What type of property is this?
Drug store - For sale retail property in Wasco, CA featuring long-term tenants and a total size of 2,103 square feet.
Where is this drug store located?
The property is located at 470 7th St Wasco, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: For sale retail property in Wasco, CA; 2,103 SF total size; Property has long‑term tenants
