Property profile

1521 Norma St Ridgecrest, CA 93555

OFF-MARKET
Strip malls
Property ID
US09-2024255
12,975 SF 0.91 ac lot Built 1983
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Construction WOOD
Total area 12,975 SF
Lot 0.91 ac (39,639 SF)
APN 418-110-02-00-3
UPID US09-2024255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1521 Norma St Ridgecrest, CA 93555-2511
Ridgecrest metro Census 5405 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2023
Last sale
$660,000
7 recorded transactions
2023
$660,000
2014
$425,000
2012
Price N/A
2001
$286,000
2001
$100,000
2000
$142,912
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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