3-Suite Office
913 Alene Avenue, Ridgecrest, CA 93555
For Sale
Contact for pricing
One suite is ready for immediate occupancy, while the remaining space is leased to separate tenants.
Property Size2,970 SF
Price / SF$132
Days on Market13
Property Features for 913 Alene Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
NAI Capital
Listed By:
Theodore Zwicker · License CA #00328370
(310) 806-6139
Source:
Crexi
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 10 at 2:19PM
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 NAI Capital
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Investment Insights
Based on property information with market context.
This 2,970-square-foot office property is arranged as three suites, each occupied by a separate tenant. One 730-square-foot suite is available for immediate occupancy; the building is 75% leased. The largest suite is occupied by a medical group under a five-year lease.
The property is at 913 Alene Avenue in Ridgecrest, near an entrance to the China Lake Naval Weapons Station.
The property is at 913 Alene Avenue in Ridgecrest, near an entrance to the China Lake Naval Weapons Station.
Key Highlights
- 2,970 SF office building divided into three suites
- 75% leased, with 730 SF available for immediate occupancy
- Three separate tenants occupy the leased suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,127
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,540
$682.5K
Cap Rate 7%
$487,529
$487.5K
Cap Rate 9%
$379,189
$379.2K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$51.7K $17.40/SF
− Vacancy
−$6.2K −$2.08/SF
EGI
$45.5K $15.32/SF
− OpEx
−$11.4K −$3.83/SF
NOI
$34.1K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,540
Cap Rate 7%
$487,529
Cap Rate 9%
$379,189
Alternative Uses
Best Use
Office B
$487.5K
$426.6K – $568.8K
NOI $34,127 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$634.5K
$555.2K – $740.2K
NOI $44,413 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Office units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Kern County, CA
Properties on Market for Office buildings in Kern County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - One suite is ready for immediate occupancy, while the remaining space is leased to separate tenants.
Where is this office building located?
The property is located at 913 Alene Avenue Ridgecrest, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,970 SF office building divided into three suites; 75% leased, with 730 SF available for immediate occupancy; Three separate tenants occupy the leased suites
