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Property profile & analytics
FOR SALE
Retail space
1150 W Broadway St, Needles, CA 92363
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-0988250
For Sale
1 / 114
$299,000
1150 W Broadway St, Needles, CA 92363
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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
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%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Needles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$560,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$810,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (Nov 8 2021)
Last sale anchor
$500k
Nov 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,554
Tax year 2023
Assessed value
$520,200
Assessed 2024
Previous assessed
$510,000
+2.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$312,120
Assessed improvement
$208,080
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,800 SF
Lot
0.69 ac (30,000 SF)
APN
0186-093-18-0000
UPID
US10-0988250
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Seko Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2714 CAUMSETT CT, LAS VEGAS, NV 89117-7625
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$500,000
Seko Group LLC
Route 66 River Nursery INC
Grant Deed
—
Oct 22, 2021
—
Inland Development Strategies LLC
Route 66 River Nursery INC
Quit Claim Deed
related
—
Jan 26, 2021
—
Owner Name Unavailable
Lanell-kay Mcdaniel
Affidavit Of Death
related
—
May 31, 2017
$225,000
Route 66 River Nursery INC
Inland Dev Strategies LLC
Grant Deed
—
Nov 30, 2016
$250,000
Inland Dev Strategies
Mcdaniel Family Trust
Grant Deed
$210,000 · Mcdaniel Family Trust (pt)
Mar 3, 2006
—
Mcdaniel Family Trust
Mcdaniel,robert M & Lanell K
Quit Claim Deed
related
—
Feb 2, 1988
$47,500
Robert Mcdaniel
Domin
Grant Deed
$40,500 · Dominican Sister
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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