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Property profile & analytics
FOR SALE
Flex space
1804 Needles Hwy Needles, CA 92363
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-1470045
For Sale
1 / 12
Contact for pricing
1804 Needles Hwy, Needles, CA 92363
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
WOOD
Total area
1,914 SF
Lot
0.55 ac (24,000 SF)
APN
0185-045-03-0000
UPID
US10-1470045
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iip Ca 4 LP
Iip Ca 4 LP
since 2025
Last sale
$16.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Needles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Needles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,380
Tax year 2024
Assessed value
$1,326,000
Assessed 2024
Previous assessed
$1,326,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$357,000
Assessed improvement
$969,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1976
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
1,914 SF
Lot
0.55 ac (24,000 SF)
APN
0185-045-03-0000
UPID
US10-1470045
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Iip Ca 4 LP
Entity
Free & Clear · 0 yrs held
Mailing address
725 VIA ALONDRA, CAMARILLO, CA 93012-8714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Iip Ca 4 LP
0510 Needles LLC
Deed
related
—
Mar 6, 2023
$16,200,000
0510 Needles LLC
Iip Ca 4 LP
Grant Deed
$16,100,000 · Iip Ca 4 LP
Aug 29, 2019
$7,200,000
Iip-ca 4 LP
Medical Investor Holdings LLC
Grant Deed
—
Feb 10, 2017
$300,000
Medical Investor Holdings LLC
Wasserman Trust
Grant Deed
$225,000 · Wasserman Revocable Trust (rt)
May 20, 2015
—
Wasserman Trust
Wasserman Frederick & Sharon
Quit Claim Deed
related
—
Jun 26, 2012
—
Frederick Wasserman
Ogden,kyle L & Mary L
Deed In Lieu Of Foreclosure
related
—
Jun 5, 2006
$425,000
Kyle L Ogden
Wasserman,frederick & Sharon
Warranty Deed
$325,000 · Frederick & Sharon Wasserman
Jun 5, 2006
—
Frederick Wasserman
Pohl,andreas & Cathlyn
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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