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Property profile & analytics
OFF-MARKET
Retail space

1325 China Lk Blvd Ridgecrest, CA 93555-2600

2,000 SF 0.14 ac lot Built 1985
Individually Owned 2-yr Hold Free & Clear
Property ID
US09-2781699
Property summary
AI-generated overview

This exceptional mixed-use storefront property at 1325 N China Lake Blvd, Ridgecrest, CA 93555, presents a compelling investment opportunity. The 2,000 square foot, single-tenant building, constructed in 1988, boasts a Class B rating and is situated on a heavily trafficked street in Kern County. Currently operating as a turnkey dry cleaning business, the property offers a substantial net operating income (NOI) of $168,000, resulting in a 23.33% capitalization rate at the asking price of $720,000. The sale includes an established 18-year client database and all debt-free machinery and equipment. The property is zoned "C" and features a single story. The Assessor's Parcel Number (APN) is 419-031-05. Alternatively, the building is available for purchase separately at $599,999. This presents a rare chance to acquire a profitable, established business or a strong standalone commercial property in a prime location. The price per square foot is $360.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction WOOD
Total area 2,000 SF
Lot 0.14 ac (6,098 SF)
Zoning code C1
APN 419-031-04-00-0
UPID US09-2781699
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
  • Ridgecrest Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hwan Kim Young · 2 yrs held
Hwan Kim Young
since 2024
Last sale
$300,000
6 recorded transactions
2024
Price N/A
2005
Price N/A
2005
$300,000
1996
$185,000
1994
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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