Downtown Needles Commercial
For Sale
$399,000
518 W Broadway St, Needles, CA 92363
Commercial space in downtown Needles with multiple business possibilities.
Property Size1,320 SF
Lot Size0.54 Acres
Price / SF$302.27
Days on Market208
Property Features for 518 W Broadway St
General Information
Standard status
Active
Size
1,320 SF
Lot size
0.54 Acres
Listing Agency:
River Sisters Realty
(760) 880-5733
Listed By:
Shantell Hazlewood · License #02064051
(760) 880-5733
Source:
Exprealty
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 21 at 1:52PM
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 River Sisters Realty
Investment Insights
Based on property information with market context.
Located in downtown Needles along Route 66, this commercial space occupies a corner lot presenting various possibilities. The 1,320 square-foot building includes updated electrical, plumbing, and sewer systems. Garage bays are accessible through 14-foot doors. The property features a large, fenced back lot and ample front parking. An existing 1,500 square-foot covered parking area could be enclosed for additional building space. The location is suitable for retail, boat/jet ski sales, mechanic/automotive services, office space, a small grocery store, a laundromat, or a small storage complex. It is situated minutes from the Colorado River and the I-40 Freeway. The property includes corner signage with flood lights and has been well-maintained. The seller has all EPA clearance paperwork.
Key Highlights
- Prime corner lot location in downtown Needles along Route 66, offering high visibility and accessibility.
- Large fenced back lot and ample front parking provide flexibility for various business operations and expansion.
- Newer electrical, plumbing, and sewer systems minimize potential maintenance costs and ensure operational efficiency.
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
$18,921
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%
$378,420
$378.4K
Cap Rate 7%
$270,300
$270.3K
Cap Rate 9%
$210,233
$210.2K
Market Conditions
NOI Build-Up for 1,320 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
$28.5K $21.60/SF
− Vacancy
−$1.5K −$1.12/SF
EGI
$27.0K $20.48/SF
− OpEx
−$8.1K −$6.14/SF
NOI
$18.9K $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%
$378,420
Cap Rate 7%
$270,300
Cap Rate 9%
$210,233
Alternative Uses
Best Use
Retail
$270.3K
$236.5K – $315.4K
NOI $18,921 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$222.0K
$194.2K – $259.0K
NOI $15,537 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$278.4K
$243.6K – $324.8K
NOI $19,490 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - Commercial space in downtown Needles with multiple business possibilities.
Where is this automotive property located?
The property is located at 518 W Broadway St Needles, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime corner lot location in downtown Needles along Route 66, offering high visibility and accessibility.; Large fenced back lot and ample front parking provide flexibility for various business operations and expansion.; Newer electrical, plumbing, and sewer systems minimize potential maintenance costs and ensure operational efficiency.
