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Property profile

1550 N Norma St Ridgecrest, CA 93555

FOR LEASE
Office buildings
Property ID
US09-3289511
10,125 SF 0.95 ac lot Built 1989
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located at 1550 N Norma St, Ridgecrest, CA 93555, this single-story, 9,680 square foot office building offers a fantastic opportunity. Built in 1989, the property boasts 46 parking spaces and sits on a 0.95-acre lot. Currently, 6,740 square feet of space is available for lease, divisible into smaller units. The largest contiguous space is 2,488 square feet, while the minimum divisible space is 6,740 square feet. The building features numerous amenities, including 26 offices, a reception area, large network and phone rooms, storage rooms, restrooms, conference rooms, open space for cubicles, and a kitchenette. Utilities (water, gas, trash, and electricity) are included in the monthly rent of $1.50 per square foot. The property is zoned PO and is conveniently located near the Naval Weapons Center (0.6 miles from Inyokern Rd - Highway 178). The building is suitable for various uses, including traditional, executive, medical, and creative office spaces. Abundant furniture is available for the new tenant. This is a highly desirable location with excellent access and ample parking. The property is served by Southern California Edison (SCE). The APN is 419-010-37.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1989
Construction WOOD
Total area 10,125 SF
Lot 0.95 ac (41,382 SF)
Zoning code PO
APN 419-010-37-00-3
UPID US09-3289511

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Engineering Consultant
  • Electrical Service General Contractor
  • Engineering Consultant

Location

1550 N Norma St Ridgecrest, CA 93555
Ridgecrest metro Census 5405 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2022
Last sale
$254,000
7 recorded transactions
2022
Price N/A
2007
$254,000
2007
Price N/A
1989
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PO · Ridgecrest, CA
Zoning description

For any use permitted in the PO district except as hereinafter specifically set forth. One parking stall per 200 square feet of gross floor area. For any use permitted in the CN, CS or CG district but not permitted in th…

General category COMMERCIAL

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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