1661 Triangle Dr Ridgecrest, CA 93555-2614
Property profile & analytics
1661 Triangle Dr Ridgecrest, CA 93555-2614
- Office properties & Spaces
- 7,371 SF
- 0.20 lot acres
Property ID
US09-2600916
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.
Location Intelligence
Current Use by Public Records
- Avinash Mondkar MD / Physician
- Sienna Podiatry / Physician
- Balas Montessori Toddler Development Center / High School / Daycare Center
Property Details for 1661 Triangle Dr
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 7,371 SF
- Zone code
- PO
- Property type
- Office properties & Spaces
- APN
- 419-062-03-00-3
- APU
- 41906203003
Description
This exceptional Class A, 8,000-square-foot medical office building in Ridgecrest, California presents a prime investment opportunity. Located at 1661 Triangle Dr., this single-story building boasts a strong 8.00% cap rate and a Net Lease (NN+) structure with credit-rated tenants. The property features two tenants under a 5-year lease with 4.5 years remaining. The building underwent a complete renovation 10 years ago, resulting in low-maintenance, modern spaces. Amenities include a kitchenette, three bathrooms, and ample parking (200 spaces) maintained by the city. The 14,881-square-foot lot is situated in a thriving commercial area, within walking distance of the China Lake Naval Air Weapons Station main gate, offering proximity to a significant military contractor hub. Nearby establishments include Ridgecrest Cinema, Pizza Factory, a hotel, and hospital extension offices. The building is currently 75% occupied, with a projected full occupancy date of October 30, 2024. The Net Operating Income (NOI) is $1,014,152, and the asking price is $1,140,614, resulting in a price per square foot of $142.58. One-third of the building has been approved for use as a schoolhouse, offering potential for future expansion or diversification of tenants. The property's strategic location and recent renovations make it an attractive investment with significant potential for long-term growth and return. Detailed financial documentation and rent roll are available upon request. The property's APN is 419-062-03, 419-062-04. Ownership is held as a sole proprietorship.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,160,000
- 6.5%
- $1,070,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $918,000
- AI Estimate
- $1,094,000
Market price range: $465k - $1.29MMarket price range: $393k - $1.63M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $875,000 Current use
- MEDICAL BUILDING
- $1,555,000 Change: +78% Conversion: Easy
- OFFICE BUILDING
- $1,430,000 Change: +63% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,100,000 Change: +26% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,025,000 Change: +17% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $935,000 Change: +7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ridgecrest
- County
- Kern
- State
- California
- Longitude
- -117.672
- Latitude
- 35.6507
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,673
$34,133
$352,723
$386,856
-
$0.00
$0.00
$0.00
