Building Details

Year Built 1983

Listing Agency: Watson Realty

Listed By: Doug Carter · License #CA 01098135 Show Phone

Source: Crexi

Added: May 16, 2023 Changed: Oct 4 Last Checked: Oct 12 at 8:58PM

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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 Watson Realty

Investment Insights

Based on property information with market context.

This established hardware supply business has been serving the Ridgecrest/Inyokern area for over 30 years. It maintains long-standing accounts with local contractors and NAWS naval base entities. The business offers a wide range of products, including cooling and heating supplies, residential and commercial plumbing, electrical parts, septic tanks and leech lines, water tanks, concrete and pavers, fencing and gates, paint and paint supplies, propane gas, tanks and parts, power and hand tools, lumber, hay and animal feed, and custom order options. The property includes a 5,400 sq ft building and over 100 shipping containers used for inventory storage. The business is an Ace Hardware Distributor. Additionally, there is a cell tower leased to a cell service provider on-site, with plans for a second tower to be constructed.

Key Highlights

• Established hardware supply business in Ridgecrest/Inyokern area for over 30 years.
• Largest on‑site supply of cooling/heating, plumbing, and electrical parts.
• Long‑standing accounts with local contractors and NAWS naval base.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,076

Cap Rate

6.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,541,520 $1.5M

Cap Rate 7%

$1,101,086 $1.1M

Cap Rate 9%

$856,400 $856.4K

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$116.6K $21.60/SF

− Vacancy

−$6.5K −$1.21/SF

EGI

$110.1K $20.39/SF

− OpEx

−$33.0K −$6.12/SF

NOI

$77.1K $14.27/SF

Area

Tulare County, CA

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,541,520

Cap Rate 7%

$1,101,086

Cap Rate 9%

$856,400

Alternative Uses

Best Use

Retail

$1.10M

$963.5K – $1.28M (±1% cap)

NOI $77,076 @ 7.0% cap · market cap 6.42%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.64M

$1.44M – $1.91M (±1% cap)

NOI $114,818 @ 7.0% cap · market cap 9.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 93527, CA

2,315

Population

1,069

Households

2.2

Avg Household Size

51

Median Age

36%

College-Educated

94%

High-School Grad

350.2 sq mi

ZIP Area

7

Density / Sq Mi

$82,667

Median Household Income

$38,977

Median Earnings

$922

Median Rent

$328,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Hardware supply business with a long-standing presence and diverse inventory.

Where is this retail space located?

The property is located at 6259 CA-178 Inyokern, CA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Established hardware supply business in Ridgecrest/Inyokern area for over 30 years.; Largest on‑site supply of cooling/heating, plumbing, and electrical parts.; Long‑standing accounts with local contractors and NAWS naval base.