New search
Property profile & analytics
OFF-MARKET
Estimated value
$16,625,000
Flex space
3241 Needles Hwy, Needles, CA 92363-4104
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-1337825
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2018
Construction
STEEL FRAME
Total area
40,000 SF
Lot
1.6 ac (69,875 SF)
APN
0660-091-09-0000
UPID
US10-1337825
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
$17.01M
Blend (final)
Blend
$16.63M
Owner & transaction history
Iip Ca 4 LP
Iip Ca 4 LP
since 2025
Last sale
$16.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.8M
+76.2%
Office building
$17.4M
+62.9%
Commercial (general)
$13.8M
+28.9%
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
Method
Estimation
Statistic approach
$17,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,670,000
Current use
RESTAURANT
$18,800,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$17,390,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,760,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,180,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$11,575,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,770,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,195,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$16.63M
Range $14.96M – $18.29M · ±10% · vs last sale $16.20M (Mar 6 2023)
Last sale anchor
$16.20M
Mar 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$416 / SF
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
$86,965
Tax year 2024
Assessed value
$8,109,000
Assessed 2024
Previous assessed
$8,109,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$7,089,000
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
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
40,000 SF
Lot
1.6 ac (69,875 SF)
APN
0660-091-09-0000
UPID
US10-1337825
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.7M
RESTAURANT
Est. value
$18.8M
OFFICE BUILDING
Est. value
$17.4M
COMMERCIAL (GENERAL)
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$10.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
1.6 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
3 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
Sep 12, 2019
$10,100,000
Iip-ca 4 LP
Medical Investor Holdings LLC
Grant Deed
—
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?”
You own 3241 Needles Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
