Downtown Needles Commercial
518 W Broadway St Needles, CA 92363
For Sale
$399,000
Commercial space in downtown Needles with multiple business possibilities.
Property Size1,320 SF
Lot Size0.54 Acres
Price / SF$302.27
Days on Market182
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: Jul 6
Last Checked: Jul 26 at 10:00PM
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 For 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 | $28.5k | $21.60 |
| − Vacancy | −$1.5k | −$1.12 |
| EGI | $27.0k | $20.48 |
| − OpEx | −$8.1k | −$6.14 |
| NOI | $18.9k | $14.33 |
1,320 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1714 W Broadway St, Needles, CA 92363
- Taxi Express — 1501 Lillyhill Dr #79, Needles, CA 92363
- U-Haul Neighborhood Dealer — 504 W Broadway St, Needles, CA 92363
FAQs
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.
