Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mill St Tehachapi, CA 93561
    Back to Search
    Property profile & analytics

    Mill St Tehachapi, CA 93561

    View on Map
    • Retail properties & Spaces
    • 0.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Mill St

    Lot size
    0.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 0.8-acre parcel presents a prime retail investment opportunity in Tehachapi, California. Strategically located at the southwest corner of Highway 58 and North Mill Street, this property enjoys unparalleled visibility and accessibility, situated directly adjacent to a Home Depot. The land is zoned C-2 (General Commercial), allowing for a wide range of retail development possibilities. The property's location at a major highway interchange ensures high traffic volume and excellent exposure to potential customers. With an asking price of $450,000, this parcel offers significant potential for return on investment. The property's Assessed Parcel Number (APN) is 415-110-02. This is a rare opportunity to acquire a highly desirable retail pad in a thriving Kern County market, benefiting from the established presence of a major anchor tenant. The site's proximity to the Highway 58 interchange guarantees convenient access for customers and employees alike. Don't miss this chance to secure a valuable piece of Tehachapi's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tehachapi
    County
    Kern
    State
    California
    Longitude
    -118.465
    Latitude
    35.1317

    Comparable in this City

    • Value Estimation by Request
      1,050 SF

      151 St Unit B

      Retail properties & Spaces • 1,050 SF
      151 St Unit B, Tehachapi, CA 93561
      View Details
    • Value Estimation by Request
      5,700 SF

      160 Tehachapi Blvd

      Individual retail properties • 5,700 SF
      160 Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • Value Estimation by Request
      19.82 Acres

      26313 Giraudo Rd

      NURSERY, GREENHOUSE, FLORIST • 19.82 Acres
      26313 Giraudo Rd, Tehachapi, CA 93561-5579
      View Details
    • Value Estimation
      $2,635,000
      91,540 SF

      710 Tehachapi Blvd

      DEPARTMENT STORE • 91,540 SF
      710 Tehachapi Blvd, Tehachapi, CA 93561-1656
      View Details
    • Value Estimation by Request
      5,130 SF

      Magellan Dr

      Automotive properties • 5,130 SF
      0 Magellan Dr, Tehachapi, CA 93561
      View Details
    • Value Estimation by Request
      0.34 Acres

      503 Curry St

      NURSERY, GREENHOUSE, FLORIST • 0.34 Acres
      503 Curry St, Tehachapi, CA 93561-2019
      View Details

    Similar Nearby for Sale

    • $2,506,802
      5,686 SF

      Tehachapi Retail Investment Opportunity

      Retail property with a 6.00% cap rate and NNN lease.
      224 W F St, Tehachapi, CA 93561
      View Details
    • $39,000
      10.00 Acres

      Ten Acre Ranch Land

      Ten acre parcel for off-grid ranch in Old West Ranch.
      E Gate Rd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Land Parcel on Corner Lot

      Corner lot land parcel available for sale in Tehachapi, CA.
      17001 Interlaken St, Tehachapi, CA 93561
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,130 SF

      Drive-Thru Restaurant Space Available

      New drive-thru restaurant space in a mixed-use development.
      860 Magellan Dr, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Tehachapi, California.
      785 Tucker Rd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Retail Center on Tucker Road

      Shopping center with national tenants along a primary retail corridor.
      655 Tucker Rd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Former Kmart on High-Traffic Boulevard

      Large retail space with redevelopment potential in Tehachapi, California.
      710 W Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • $1,800 /Mo
      1,800 SF

      Retail Space in Tehachapi, CA

      Prime retail space available in high-traffic Tehachapi location.
      1001 W Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Freeway Visible Commercial Land

      One acre commercial land for lease with freeway visibility.
      862 Magellan Dr, Tehachapi, CA 93561
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Mill St
    Tehachapi, CA 93561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Mill St, Tehachapi, CA, 93561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!