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    5500-5640 Lake Isabella Blvd Lake Isabella, CA 93240

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    5500-5640 Lake Isabella Blvd Lake Isabella, CA 93240

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    • Neighborhood centers
    • 131,903 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 5500-5640 Lake Isabella Blvd

    Property size
    131,903 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Kern Valley Plaza, located at 5500-5640 Lake Isabella Blvd in Lake Isabella, CA 93240, presents a prime retail investment opportunity. This single-story, 131,903 square foot strip center is the dominant grocery/drug anchored shopping center in Lake Isabella, conveniently situated off Highway 178. The property offers multiple tenancy options, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 14,400 square feet. Currently, there are 23,250 square feet of vacant space available, providing excellent potential for new businesses to establish themselves within this thriving community. The center's strategic location and established presence make it an attractive proposition for retailers seeking high visibility and strong foot traffic. Situated in Kern County, California, Kern Valley Plaza benefits from its position as a key retail destination in Lake Isabella. The property's size and flexibility cater to a wide range of retail needs, from smaller boutiques to larger format stores. This is a rare opportunity to secure retail space in a well-established and highly visible location. Interested parties should inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Isabella
    County
    Kern
    State
    California
    Longitude
    -118.476
    Latitude
    35.6177

    Comparable in this City

    • Value Estimation by Request
      1.53 Acres

      6040 Lk Isabella Blvd

      SHOPPING CENTER, STRIP CENTER • 1.53 Acres
      6040 Lk Isabella Blvd, Lake Isabella, CA 93240-9501
      View Details
    • Value Estimation
      $1,055,000
      11,980 SF

      6425 Lk Isabella Blvd

      SHOPPING CENTER, STRIP CENTER • 11,980 SF
      6425 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation
      $1,165,000
      10,336 SF

      5620 Lk Isabella Blvd

      REGIONAL SHOPPING CENTER, MALL • 10,336 SF
      5620 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation
      $10,790,000
      107,870 SF

      5500 Lk Isabella Blvd

      REGIONAL SHOPPING CENTER, MALL • 107,870 SF
      5500 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation by Request
      0.21 Acres

      Lake

      AUTO REPAIR, GARAGE • 0.21 Acres
      Lake, Isabella, CA 93240
      View Details
    • Value Estimation by Request
      0.21 Acres

      Lake

      PARKING LOT • 0.21 Acres
      Lake, Isabella, CA 93240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,400 SF

      Lake Isabella Retail Opportunity

      Retail property in Lake Isabella with anchor store space.
      6120-6200 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $175,000
      1,130 SF

      Lake Isabella Car Wash Opportunity

      Self-serve car wash with high visibility and income potential.
      14700 Highway 178, Lake Isabella, CA 93240
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    • $175,000
      1,130 SF

      Lake Isabella Car Wash Opportunity

      Partially completed car wash with high-visibility location off Highway 178.
      14700 Highway 178, Lake Isabella, CA 93240
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    • $80,000
      0.58 Acres

      Commercial Land on Lake Isabella Blvd

      Prime commercial land with high visibility and traffic exposure.
      Lake Isabella Blvd, Lake Isabella, CA 93240
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    • $199,000
      1,200 SF

      Retail Building on Lake Isabella

      Retail building with boulevard frontage and parking.
      5416 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • New
      $400,000
      2,100 SF

      Lake Isabella Commercial Opportunity

      C-2 zoned property with retail, shop, and residential spaces.
      5209 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
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    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
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