Retail Buildings with Two
931 Armory, Barstow, CA 92311
For Sale
$1,145,538
Pending
Two newly leased spaces serve furniture retail and automotive repair uses.
Property Size7,154 SF
Days on Market49
Property Features for 931 Armory
General Information
Standard status
Size
Property subtype
Site & Location
Anchor Co-Tenants
Highway Access
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
MGR Real Estate, Inc
Listed By:
Randy Sanchez · License CA #01180997
(760) 684-2139
Source:
Elliman
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 12 at 8:52AM
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 MGR Real Estate, Inc
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Investment Insights
Based on property information with market context.
The property comprises two retail buildings within a larger shopping center. One building contains approximately 4,350 SF and is leased to a furniture store; the other contains approximately 2,804 SF and serves an auto repair tenant. Both leases are described as new. The property was built in 1991.
The center is anchored by Stater Bros. Markets and includes retail, restaurant, banking, medical, and service businesses. It sits just off the I-15 Freeway, with an established residential community to the south.
The center is anchored by Stater Bros. Markets and includes retail, restaurant, banking, medical, and service businesses. It sits just off the I-15 Freeway, with an established residential community to the south.
Key Highlights
- Two buildings totaling approximately 7,154 SF: ± 4,350 SF and ± 2,804 SF
- New leases with a furniture store and an auto repair tenant
- Part of a retail center anchored by Stater Bros. Markets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,544
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,050,880
$2.1M
Cap Rate 7%
$1,464,914
$1.5M
Cap Rate 9%
$1,139,378
$1.1M
Market Conditions
NOI Build-Up for 7,154 SF
Gross rent
$154.5K $21.60/SF
− Vacancy
−$8.0K −$1.12/SF
EGI
$146.5K $20.48/SF
− OpEx
−$43.9K −$6.14/SF
NOI
$102.5K $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%
$2,050,880
Cap Rate 7%
$1,464,914
Cap Rate 9%
$1,139,378
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,544 @ 7.0% cap · market cap 8.95%
Second Best
Industrial
$839.3K
$734.4K – $979.1K
NOI $58,748 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,632 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 92311, CA
34,524
Population
13,707
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
84%
High-School Grad
424.4 sq mi
ZIP Area
81
Density / Sq Mi
$59,338
Median Household Income
$38,871
Median Earnings
$1,081
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in San Bernardino County, CA
Properties on Market for Retail space in San Bernardino County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Two newly leased spaces serve furniture retail and automotive repair uses.
Where is this retail space located?
The property is located at 931 Armory Barstow, CA.
What is the asking price?
The asking price for this property is $1,145,538.
What are key features of this property?
This property features: Two buildings totaling approximately 7,154 SF: ± 4,350 SF and ± 2,804 SF; New leases with a furniture store and an auto repair tenant; Part of a retail center anchored by Stater Bros. Markets
