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 Size0.50 Acres
Price / SF$302.27
Days on Market273
Property Features for 518 W Broadway St
General Information
Standard status
Active
Size
1,320 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Building Size
1,320 SF
Year Built
1976
Listing Agency:
River Sisters Realty
Listed By:
Kimberli Willis · License #SA683210000
(760) 774-9238
Source:
Elliman
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 24 at 5:17PM
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
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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 / Yr
$18,921
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Taxi Express — 1501 Lillyhill Dr #79, Needles, CA 92363
- U-Haul Neighborhood Dealer — 504 W Broadway St, Needles, CA 92363
- U-Haul Neighborhood Dealer — 1714 W Broadway St, Needles, CA 92363
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.
