Property profile

502 W 6Th St Beaumont, CA 92223

FOR SALE
Retail space
Property ID
US10-3267395
6,636 SF 0.31 ac lot Built 1949
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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502 W 6Th St, Beaumont, CA 92223 For Sale
$1,000,000 6,636 SF
502 W 6Th St, Beaumont, CA 92223
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Property summary

AI-generated overview

This exceptional 7,687 square foot mixed-use property, situated on a 0.31-acre lot at 502 6th Street in Beaumont, CA, presents a compelling investment opportunity. The property's strategic location near the 10 and 60 freeways offers unparalleled access to major transportation arteries and key industrial hubs, including Amazon Fulfillment Centers and Costco. The current zoning, Sixth Street Mixed Use – Residential, permits a variety of office, retail, and related uses, although the existing antique store operates under a grandfathered, non-conforming use. Recent improvements in the immediate vicinity, such as a new Beyond gas station and AutoZone, signal a revitalization trend in the downtown area. The property itself features a prominent landmark business, Rapstine's Red Barn, which attracts significant attention from passersby. Its large size allows for expansion of the existing business or repurposing into a shopping mall, storage facility, or other commercial ventures. Four billboards visible from the freeways offer substantial advertising potential and additional revenue streams. A unique Wild West Ghost Town feature on the site adds an entertainment element, potentially attracting visitors for special events. This property is priced at $1,100,000 and offers significant upside for entrepreneurs and investors seeking to capitalize on Beaumont's rapid growth and economic opportunities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1949
Construction WOOD
Total area 6,636 SF
Lot 0.31 ac (13,503 SF)
Zoning code M-C
APN 417-043-007
UPID US10-3267395

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Party Supply Store Rental Equipment Company
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

502 W 6Th St Beaumont, CA 92223
Beaumont metro Census 44000 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2017
4 recorded transactions
2017
$90,909
2005
Price N/A
2005
$495,000
2002
$210,000

Zoning & alternative use

M-C · Beaumont, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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