Needles Retail Property with
For Sale
Contact for pricing
1150 W Broadway Street, Needles, CA 92363
Commercial retail property with highway frontage and high visibility.
Property Size2,800 SF
Lot Size0.69 Acres
Price / SF$106.79
Days on Market916
Property Features for 1150 W Broadway Street
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.69 Acres
Property subtype
Industrial, Land
Listing Agency:
Coldwell Banker Campbell Realtors
Listed By:
Stefanie Oldham · License #CA
Source:
Crexi
Added: Apr 24, 2024
Changed: Oct 25
Last Checked: Oct 24 at 1:58PM
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 Coldwell Banker Campbell Realtors
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Investment Insights
Based on property information with market context.
This commercial retail property, formerly a nursery, features a 2,800-square-foot steel building with two garages that have large bays. Situated on a 30,000-square-foot lot, the property offers potential for various business ventures. The property benefits from highway frontage and exposure to street traffic, providing high visibility. Located just off the 40 freeway, it allows for easy access. The fenced lot provides ample space for parking and storage. The property is located in Needles, California, near the Colorado River, and could be suitable for a boat or RV repair shop.
Key Highlights
- Owner will carry.
- 2800 sq ft steel building with 2 garages on a 30,000 sq ft lot.
- Great highway frontage and high visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,993
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
$459.9K
Cap Rate 7%
$328,471
$328.5K
Cap Rate 9%
$255,478
$255.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$34.9K $12.48/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$32.8K $11.73/SF
− OpEx
−$9.9K −$3.52/SF
NOI
$23.0K $8.21/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
Cap Rate 7%
$328,471
Cap Rate 9%
$255,478
Alternative Uses
Best Use
Retail
$573.4K
$501.7K – $668.9K
NOI $40,135 @ 7.0% cap · market cap 13.42%
Second Best
Industrial
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$590.6K
$516.8K – $689.1K
NOI $41,343 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 15%
Hotels & Casinos 6%
McDonald's
Dining
18,927 visits/mo
0.2 miles
Jack in the Box
Dining
13,508 visits/mo
0.1 miles
Dollar General
Shops & Services
5,539 visits/mo
0.4 miles
Econo Lodge
Hotels & Casinos
1,202 visits/mo
0.4 miles
Days Inn & Suites Needles
Hotels & Casinos
806 visits/mo
0.3 miles
Demographics for 92363, CA
5,634
Population
3,867
Households
1.5
Avg Household Size
45
Median Age
9%
College-Educated
79%
High-School Grad
372.0 sq mi
ZIP Area
15
Density / Sq Mi
$40,226
Median Household Income
$38,218
Median Earnings
$738
Median Rent
$138,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Honest John's mobile repair llc — 110 e broadway st, needles, ca 92363
- Big O Tires — 949 W Broadway St, Needles, CA 92363
- Route 66 Cycle Works — 611 Front St, Needles, CA 92363
- Gibson's Cadillac converter service — 721 Front St, Needles, CA 92363
- Active Towing — 1705 Eagle Pass Rd, Needles, CA 92363
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial retail property with highway frontage and high visibility.
Where is this auto shop located?
The property is located at 1150 W Broadway Street Needles, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Owner will carry.; 2800 sq ft steel building with 2 garages on a 30,000 sq ft lot.; Great highway frontage and high visibility.
