Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1375 Rocking W Dr Bishop, CA 93514
    Back to Search
    Property profile & analytics

    1375 Rocking W Dr Bishop, CA 93514

    View on Map
    • Drug stores
    • 28,525 SF
    • 2.76 lot acres
    Off-Market
    Property ID
    US09-2542947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Coinhub Bitcoin ATM Teller / Atm
    • CDReload - Online Bitcoin ATM / Atm / Crypto Atm
    • Katherine M. Kamei, Pharm / Pharmacy
    • Amazon Hub Counter - Rite Aid / Postal Service / Courier Service

    Property Details for 1375 Rocking W Dr

    Year built
    1988
    Lot size
    2.76 lot acres
    Property size
    28,525 SF
    Property type
    Drug stores
    Property subtype
    Grocery and convenience stores
    APN
    010-301-18-00

    Description

    This exceptional 28,525-square-foot retail property, situated on a 2.76-acre lot in Bishop, California, presents a compelling redevelopment or lease-up opportunity. Previously occupied by Rite Aid, the vacant building offers significant potential for a variety of commercial uses. The property boasts 145 parking spaces, providing ample parking for customers and employees, exceeding 4.97 stalls per 1,000 square feet of leasable area. Located at 1375 Rocking W Dr, Bishop, CA 93514, this fee simple ownership (land and building) includes a General Commercial & Retail (C-1) zoning designation, allowing for diverse commercial applications. The strategic location along US Highway 395 (17,000 vehicles per day) ensures high visibility and accessibility. The property benefits from its position within Bishop Plaza, alongside established businesses such as AutoZone and Big 5 Sporting Goods, fostering synergistic traffic flow. Furthermore, its proximity to other national and credit tenants, including Vons, Smart & Final, Grocery Outlet, and Chase, enhances its appeal and draws from a robust consumer base. The 5-mile trade area encompasses a population exceeding 11,000 residents, with an average household income of $93,455, indicating strong market demographics. Built in 1988, this property is offered at $3,000,000, translating to $105.17 per square foot. The APN is 010-301-18-00. This is a rare opportunity to acquire a substantial retail property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bishop
    County
    Inyo
    State
    California
    Longitude
    -118.4207828
    Latitude
    37.3774

    Comparable in this City

    • $925,000
      7,222 SF

      Historic Building on Bishop's Main

      Rare opportunity to acquire a historic commercial building.
      162 N Main St, Bishop, CA 93514
      View Details
    • Contact for pricing
      7,222 SF

      Mixed-Use Property For Sale

      7,222 SqFt mixed-use property available for purchase.
      162 N Main St, Bishop, CA 93514
      View Details
    • New
      $1,150,000
      5,900 SF

      Bishop Commercial Property with Tenant

      Commercial building with existing tenant and potential owner-user opportunity.
      187 W Line St, Bishop, CA 93514
      View Details
    • $1,850,000
      694.86 Acres

      Vast Land with Mountain Views

      694 acres of vacant land with wells and mountain views.
      000 Pumice Ml Rd, Chalfant, CA 93514
      View Details
    • $245,000
      3.63 Acres

      Land with Mountain Views

      3.63 acre lot with well and mountain views.
      780 Alabama Dr, Lone Pine, CA 93514
      View Details
    • $220,000
      91.00 Acres

      91 Acres Land with Views

      91-acre parcel in Benton, CA with stunning views.
      Pedro Rnch Rd, Benton, CA 93514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,222 SF

      Mixed-Use Property For Sale

      7,222 SqFt mixed-use property available for purchase.
      162 N Main St, Bishop, CA 93514
      View Details
    • $925,000
      7,222 SF

      Historic Building on Bishop's Main

      Rare opportunity to acquire a historic commercial building.
      162 N Main St, Bishop, CA 93514
      View Details
    • New
      $1,150,000
      5,900 SF

      Bishop Commercial Property with Tenant

      Commercial building with existing tenant and potential owner-user opportunity.
      187 W Line St, Bishop, CA 93514
      View Details
    • $525,000
      Pending

      Bishop Duplex Investment Opportunity

      Desirable duplex near downtown Bishop with long-term tenants.
      325 E Pine St, Bishop, CA 93514
      View Details
    • $149,900
      0.92 Acres

      Sierra Nevada Foothills Land

      Land parcel near Mammoth Lakes, ideal for building a home.
      Swall Meadows Rd, Bishop, CA 93514
      View Details
    • $220,000
      91.00 Acres

      91 Acres Land with Views

      91-acre parcel in Benton, CA with stunning views.
      Pedro Rnch Rd, Benton, CA 93514
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      1,140 SF

      Established Commercial Complex For Rent

      Commercial complex with good tenant mix and excellent parking.
      621 W Line St, Bishop, CA 93514
      View Details
    • Contact for pricing
      105,462 SF

      Retail Opportunity in Bishop, CA

      Retail space in outdoor enthusiast destination near Mammoth Mountain.
      1200 N Main St, Bishop, CA 93514
      View Details
    • $2 SF/Yr
      1,894 SF

      Turnkey Restaurant Space Available

      Restaurant space for rent on Main Street.
      285 N Main St, Bishop, CA 93514
      View Details
    • Contact for pricing
      4,435 SF

      Restaurant Building with Drive-Thru

      Second-generation restaurant with drive-thru on a large lot.
      2935 Main St, Bishop, CA 93514
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      4.0k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1375 Rocking W Dr
    Bishop, CA 93514
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1375 Rocking W Dr, Bishop, CA, 93514
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!