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Property profile & analytics
OFF-MARKET Estimated value $1,165,000
Flex space

151 Ml St Tehachapi, CA 93561-1332

9,960 SF 0.73 ac lot Built 2008
Individually Owned 31-yr Hold Absentee Owner Free & Clear
Property ID
US09-2747050
Property summary
AI-generated overview

This exceptional retail property, located at 151 N Mill Street in the vibrant city of Tehachapi, California, presents a unique investment opportunity. Situated on a sizable 0.73-acre lot, this property offers significant potential for a variety of retail businesses. The property's address places it in a high-traffic area, ensuring excellent visibility and accessibility for customers. The building itself offers ample space for a retail operation, though precise square footage is currently unavailable. The asking price for this prime retail location is $1,450,000. This represents a compelling opportunity to establish or expand a retail presence in a thriving community. The substantial lot size provides ample room for expansion, parking, or outdoor display areas, adding further value to this already attractive proposition. Given its location and size, this property is ideally suited for a range of retail ventures, from smaller boutiques to larger retail establishments. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the property's specifics are available upon request. Don't miss this chance to secure a prominent retail location in Tehachapi.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2008
Construction WOOD
Total area 9,960 SF
Lot 0.73 ac (31,798 SF)
APN 415-110-09-00-3
UPID US09-2747050
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
  • S.G.SOTO TIRE REPEAR (Bike/Boat/Book/etc) Store Auto Parts Store
  • East West Creations General Contractor Renovation Specialist
  • Ultimate Ink Marketing & Advertising Advertising Agency
  • Mt. Euro Autowerke Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.17M
Owner & transaction history
Paul Zerounian · 31 yrs held
Paul Zerounian
since 1995
2 recorded transactions
1995
$60,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.9M +52.6%
Auto repair, garage $1.4M +9.3%
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