Property profile

415 Warner St Ridgecrest, CA 93555

OFF-MARKET
Apartment buildings
Property ID
US10-2874347
2,325 SF 0.33 ac lot Built 1947
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 415 S. Warner St. in Ridgecrest, California, presents a unique investment opportunity. Boasting a substantial 3,150 square feet of space, this versatile property sits on a sizable 0.33-acre lot, offering ample room for expansion or outdoor utilization. The property's address places it in a convenient and accessible location within Ridgecrest, providing excellent visibility and potential for high foot traffic. The asking price is $399,000, representing a compelling value for a property of this size and location. The property's "Other" designation suggests a wide range of potential uses, making it ideal for entrepreneurs and investors seeking a flexible space to adapt to their specific business needs. The substantial lot size allows for potential development or expansion, further enhancing its investment potential. Detailed information regarding zoning and permitted uses is readily available upon request. This property is ready for immediate occupancy and presents a rare opportunity to acquire a significant commercial space in a thriving Ridgecrest location. Serious inquiries are encouraged to explore the full potential of this remarkable property. Don't miss this chance to secure a prime commercial asset in a desirable area.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1947
Construction WOOD
Total area 2,325 SF
Lot 0.33 ac (14,374 SF)
Zoning code R-3
APN 478-092-22-00-8
UPID US10-2874347

Cap rate & NOI

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

Location

415 Warner St Ridgecrest, CA 93555-4690
Ridgecrest metro Census 5408 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
Last sale
$290,000
7 recorded transactions
2025
$290,000
2018
Price N/A
2017
Price N/A
2016
$77,000
2012
$140,000
2012
$135,000
2011
$87,345

Zoning & alternative use

R-3 · Ridgecrest, CA
Zoning description

The purpose of R-3 district is to provide medium density multifamily dwellings and its accessory uses

General category RESIDENTIAL

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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