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Property profile & analytics
FOR SALE
Retail space

1150 W Broadway St Needles, CA 92363

2,800 SF 0.69 ac lot Built 1988
Entity Owned 4-yr Hold Free & Clear
Property ID
US10-0988250
Property summary
AI-generated overview

This exceptional commercial property in Needles, California presents a remarkable investment opportunity. Located at 1150 Broadway Street, this 2,800 square foot steel building sits on a sizable 0.69-acre lot (approximately 30,000 square feet), offering significant potential for a variety of businesses. The property boasts excellent highway frontage and high street visibility, ensuring maximum exposure to potential customers. Its convenient location just off Interstate 40 provides easy access for both local and out-of-town traffic. The building itself features a spacious interior, complemented by two garages with large bays, ideal for storage or specialized equipment. The property's previous use as a nursery suggests adaptability to various commercial ventures. The completely fenced lot provides ample space for parking and outdoor storage, a significant advantage for businesses requiring substantial space. The seller is offering financing options, making this an even more attractive proposition for prospective buyers. This prime location near the Colorado River makes it particularly suitable for businesses catering to recreational activities or those serving the needs of river users. The property's size and features make it an ideal location for a boat or RV repair shop, but its versatility allows for a wide range of other commercial uses. Don't miss this chance to acquire a well-situated commercial property with substantial growth potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction STEEL FRAME
Total area 2,800 SF
Lot 0.69 ac (30,000 SF)
APN 0186-093-18-0000
UPID US10-0988250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$615k
Comparable Approach Comparable
$727k
Blend (final) Blend
$525k
Owner & transaction history
Seko Group LLC · 4 yrs held
Seko Group LLC
since 2021
Last sale
$500,000
7 recorded transactions
2021
$500,000
2021
Price N/A
2021
Price N/A
2017
$225,000
2016
$250,000
2006
Price N/A
1988
$47,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $850,000 +37.0%
Medical building $810,000 +30.2%
Neighborhood: shopping center $755,000 +21.2%
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