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Property profile

101 Ridgecrest Blvd Ridgecrest, CA 93555

OFF-MARKET
Parking lots & garages
Property ID
US09-2922477
0.12 ac lot
Individually Owned 17-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 11,694 square foot retail space presents a unique investment opportunity in Ridgecrest, California. Located at 101 W Ridgecrest Blvd, on a prominent corner lot at the intersection of W Ridgecrest Blvd and S China Lake Blvd, this property boasts high visibility and easy access. The building, constructed in 1972, features two stories and a convenient drive-thru, previously utilized as a Bank of America branch. The entire 11,694 square feet is currently vacant, offering a blank canvas for a variety of retail, office, or restaurant concepts. The 0.92-acre lot provides ample space for parking and potential expansion. The property's APN is 478-020-48. Its strategic location in Ridgecrest, CA, 93555, offers excellent exposure to a thriving community. The building's previous use as a bank suggests a strong foundation and existing infrastructure suitable for various commercial purposes. This property is a rare find, combining prime location, substantial square footage, and a versatile layout. The opportunity to customize the space to meet specific business needs makes this a truly exceptional investment. The property's size and features make it suitable for a wide range of businesses seeking a high-profile location in a growing market. This is an ideal opportunity for a business seeking to establish a strong presence in Ridgecrest.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Construction WOOD
Lot 0.12 ac (5,227 SF)
APN 080-111-01-00-6
UPID US09-2922477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
1997
$110,000
1997
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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