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Property profile & analytics
FOR LEASE
Retail space
1200 W Hobsonway Blythe, CA 92225
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0106449
For Lease
1 / 2
$1,000,000
1200 W Hobsonway, Blythe, CA 92225
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
4,500 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
836-121-015
UPID
US09-0106449
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
Current use
Occupant on record · Public records
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$1.00M
Owner & transaction history
Prep Vzw Blythe LLC · 5 yrs held
Prep Vzw Blythe LLC
since 2020
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
C2 · Blythe, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+501.4%
Medical building
$1.2M
+456.4%
Office building
$1.2M
+453.3%
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 Blythe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blythe 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
$1,220,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,330,000
Change: +501% · Conversion: Difficult
MEDICAL BUILDING
$1,230,000
Change: +456% · Conversion: Difficult
OFFICE BUILDING
$1,225,000
Change: +453% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $975k (Dec 16 2020)
Last sale anchor
$975k
Dec 16 2020
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
$222 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,509
Tax year 2024
Assessed value
$1,034,677
Assessed 2024
Previous assessed
$1,034,677
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$206,935
Assessed improvement
$827,742
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
Similar Nearby for Lease
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 Lease
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,500 SF
Lot
0.29 ac (12,632 SF)
Zoning code
C2
APN
836-121-015
UPID
US09-0106449
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Blythe, CA
Zoning C2 · permitted uses
C2 · Blythe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blythe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Prep Vzw Blythe LLC
Entity
Mailing address
5905 E GALBRAITH RD STE #1000, CINCINNATI, OH 45236-2380
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$975,000
Prep Vzw Blythe LLC
Kae Investments LLC
Grant Deed
—
Mar 15, 2007
—
Kae Investments LLC
Go Wireless INC
Quit Claim Deed
related
—
Oct 12, 2006
—
Go Wireless INC
Otre Investments LLC
Grant Deed
—
Mar 22, 2005
—
Otre Investments LLC
Nk-remainder Interest LLC
Grant Deed
—
Dec 12, 2003
—
Nk-remainder Interest LLC
North Shore Hebrew Academy
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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