Technical
Financial
Distress signals
Property profile

2997 Desert St Rosamond, CA 93560

OFF-MARKET
Strip malls
Property ID
US09-3567766
0.21 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This 8,400 square foot, multi-tenant retail property in Rosamond, CA, is a stabilized investment opportunity. Located on Desert St., this Class B building boasts 100% occupancy with four long-term tenants under lease agreements for a remaining term of 3 years. Built in 1984, the single-story structure sits on a 22,650 square foot lot zoned C-2 (Kern County). The property features a modified lease type and a current Pro-Forma NOI of $74,247, resulting in a 7.58% cap rate. The asking price is $979,000, or $116.55 per square foot. Benefiting from a prime location near a US Post Office, elementary school, and Sheriff's substation, this property presents a strong, stable income stream for investors. The property's APN is 258-020-01 & 258-020-02 and is held in trust. No tenant credit rating information is available.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Construction WOOD FRAME
Lot 0.21 ac (9,147 SF)
Zoning code C-2 PD
APN 258-020-01-00-8
UPID US09-3567766

Cap rate & NOI

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

Location

2997 Desert St Rosamond, CA 93560-6168
Rosamond metro Census 5803 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k

Owner & transaction history

since 2021
Last sale
$855,000
2 recorded transactions
2021
Price N/A
2001
Price N/A

Zoning & alternative use

C-2 PD · Rosamond, CA

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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