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Property profile & analytics
OFF-MARKET Estimated value $1,825,000
Retail space

500 Drummond Ave Ridgecrest, CA 93555-3149

12,361 SF 1.48 ac lot Built 2013
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US09-5124560
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Construction STEEL FRAME
Total area 12,361 SF
Lot 1.48 ac (64,468 SF)
Zoning code CG
APN 420-020-26-00-4
UPID US09-5124560
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
Current use
Occupant on record · Public records
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Dollar General Discount Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.88M
Comparable Approach Comparable
$2.35M
Blend (final) Blend
$1.83M
Owner & transaction history
Tkc One LLC · 12 yrs held
Tkc One LLC
since 2013
2 recorded transactions
2022
Price N/A
2013
$3.0M
Zoning & alternative use
CG · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

For any use permitted in the CN, CS or CG district but not permitted in the PO district except as hereinafter set forth. One parking stall per 300 square feet of gross floor area. For any use permitted only in the M1 or M2 districts, except as hereinafter set forth. One parking space for every 500 square feet of gross floor area or one parking space for each…

Zone name General Commercial
General category COMMERCIAL
Zone area 650.09 ac
Source code of ordinances
Top alternative use upside
Medical building $2.6M +67.5%
Office building $2.4M +54.0%
Apartment house (5+ units) $1.8M +18.5%
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