Dual-Tenant Mixed-Use
874 E Hobsonway, Blythe, CA 92225
For Sale
Contact for pricing
Restaurant improvements with kitchen equipment accompany a separate office suite.
Property Size6,200 SF
Lot Size0.35 Acres
Price / SF$161.29
Days on Market37
Property Features for 874 E Hobsonway
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Equipment Included
Office Units
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Centennial Advisers
Listed By:
Justin White · License CA #00875427
(714) 231-2537
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 4:48PM
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 Centennial Advisers
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Investment Insights
Based on property information with market context.
This 6,200-square-foot property in Blythe contains a 3,800-square-foot restaurant and a 2,400-square-foot office on a 15,245-square-foot parcel. The restaurant is equipped for food service and includes existing kitchen equipment. On-site parking serves both tenants and customers, and the property is part of an established shopping center.
At 874 E Hobsonway, the property is in Blythe, California, near Interstate 10. The stated zoning uses are Shopping Center, Strip Center, and Enterprise Zone. Blythe serves surrounding agricultural, commercial, and business communities in eastern Riverside County and lies along the Colorado River.
At 874 E Hobsonway, the property is in Blythe, California, near Interstate 10. The stated zoning uses are Shopping Center, Strip Center, and Enterprise Zone. Blythe serves surrounding agricultural, commercial, and business communities in eastern Riverside County and lies along the Colorado River.
Key Highlights
- 6,200‑square‑foot property on a 15,245‑square‑foot parcel
- 3,800‑square‑foot restaurant space and 2,400‑square‑foot office space
- Restaurant includes kitchen equipment and is built out for food service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,176
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,520
$1.6M
Cap Rate 7%
$1,116,800
$1.1M
Cap Rate 9%
$868,622
$868.6K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$111.6K $18.00/SF
− Vacancy
−$7.4K −$1.19/SF
EGI
$104.2K $16.81/SF
− OpEx
−$26.1K −$4.20/SF
NOI
$78.2K $12.61/SF
Area
Riverside County, CA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,520
Cap Rate 7%
$1,116,800
Cap Rate 9%
$868,622
Alternative Uses
Best Use
Specialty Retail
$1.12M
$977.2K – $1.30M
NOI $78,176 @ 7.0% cap · market cap 7.82%
Second Best
Mixed Use
$820.4K
$717.9K – $957.1K
NOI $57,428 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,019 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Shops & Services 24%
Dining 6%
Hotels & Casinos 2%
Albertsons
Groceries
27,970 visits/mo
0.1 miles
Smart & Final
Groceries
17,169 visits/mo
0.2 miles
Dollar General
Shops & Services
9,915 visits/mo
0.1 miles
AutoZone
Shops & Services
5,358 visits/mo
0.1 miles
China Garden
Dining
2,897 visits/mo
0.1 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
$197,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Riverside County, CA
Properties on Market for Mixed-use properties in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant improvements with kitchen equipment accompany a separate office suite.
Where is this mixed-use property located?
The property is located at 874 E Hobsonway Blythe, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 6,200‑square‑foot property on a 15,245‑square‑foot parcel; 3,800‑square‑foot restaurant space and 2,400‑square‑foot office space; Restaurant includes kitchen equipment and is built out for food service
