Restaurant Building With Banquet
For Sale
$625,000
Pending
830 W Rice Street, Blythe, CA 92225
COMMERCIAL - Blythe, CA
Property Size3,984 SF
Lot Size1.05 Acres
Days on Market801
Property Features for 830 W Rice Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
374 - Blythe
Special listing conditions
Probate Listing
Standard status
Pending
APN
836122032
Size
3,984 SF
Lot size
1.05 Acres
Building Details
Year built
1977
Listing Agency:
Osborne Realty · Century 21 Real Estate
(760) 921-2121
Listed By:
John Osborne · License #00852775
(760) 567-2407
Added: Jun 12, 2024
Changed: Aug 4
Last Checked: Aug 21 at 1:06PM
MLS# 219129584
Copyright © 2026 California Desert Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes 3,984 square feet of improvements on 1.05 acres. The interior is arranged with a front dining area and a separate banquet room toward the rear, providing space for regular restaurant service and private events. The building was constructed in 1977, and the property includes a parking lot for customer use.
Located just off Lovekin Blvd, the site offers access to the freeway and is positioned for customers traveling through the area. The property was formerly occupied by La Casita Dos, a restaurant that operated at the location for many years.
Located just off Lovekin Blvd, the site offers access to the freeway and is positioned for customers traveling through the area. The property was formerly occupied by La Casita Dos, a restaurant that operated at the location for many years.
Key Highlights
- 3,984‑square‑foot restaurant building on 1.05 acres
- Front dining area plus rear banquet room
- On‑site parking lot for restaurant customers
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
$38,637
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
6.18%
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%
$772,740
$772.7K
Cap Rate 7%
$551,957
$552.0K
Cap Rate 9%
$429,300
$429.3K
Market Conditions
NOI Build-Up for 3,984 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
$55.0K $13.80/SF
− Vacancy
−$3.5K −$0.87/SF
EGI
$51.5K $12.93/SF
− OpEx
−$12.9K −$3.23/SF
NOI
$38.6K $9.70/SF
Area
San Bernardino County, CA
Vacancy
6.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
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%
$772,740
Cap Rate 7%
$551,957
Cap Rate 9%
$429,300
Alternative Uses
Best Use
Specialty Retail
$552.0K
$483.0K – $644.0K
NOI $38,637 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$840.4K
$735.3K – $980.4K
NOI $58,826 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
294k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 27%
Hotels & Casinos 7%
Home Improvements & Furnishings 4%
McDonald's
Dining
49,638 visits/mo
0.1 miles
Chevron
Shops & Services
30,688 visits/mo
0.2 miles
Starbucks
Dining
27,202 visits/mo
0.3 miles
Jack in the Box
Dining
18,662 visits/mo
0.2 miles
Carl's Jr.
Dining
17,341 visits/mo
0.2 miles
Demographics for 92225, CA
21,104
Population
7,797
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
71%
High-School Grad
581.0 sq mi
ZIP Area
36
Density / Sq Mi
$51,294
Median Household Income
$32,548
Median Earnings
$902
Median Rent
$197,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining and event areas support restaurant operations with convenient freeway access and on-site parking.
Where is this conventional restaurant located?
The property is located at 830 W Rice Street Blythe, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,984‑square‑foot restaurant building on 1.05 acres; Front dining area plus rear banquet room; On‑site parking lot for restaurant customers
