Property profile

504 Broadway St Needles, CA 92363

OFF-MARKET
Auto shops
Property ID
US10-1456799
1,421 SF 0.5 ac lot Built 2003
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, situated in the heart of Needles, CA, presents a unique investment opportunity. Located at 504 W Broadway Street, this 1,421 square foot building sits on a desirable half-acre corner lot, offering significant potential for a variety of commercial uses. Previously utilized as a gas and service station, the underground fuel tanks have been removed, eliminating environmental concerns and opening the door for diverse business ventures. Recent improvements include a completely upgraded electrical panel and fresh interior and exterior paint, reducing immediate capital expenditure needs for the new owner. The property's central downtown location provides excellent visibility and accessibility, capitalizing on Needles' burgeoning growth. This is a ground-floor opportunity to establish a thriving business in a rapidly developing California city. The building's spacious layout and ample land provide flexibility for expansion or adaptation to suit specific business needs. Its strategic location ensures high traffic volume and easy access for customers and employees. Don't miss this chance to acquire a well-maintained, ready-to-occupy industrial property in a prime location. The asking price is $295,000. A drive-by is encouraged to appreciate the property's potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2003
Construction STEEL FRAME
Total area 1,421 SF
Lot 0.5 ac (21,888 SF)
APN 0186-113-14-0000
UPID US10-1456799

Cap rate & NOI

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

Location

504 Broadway St Needles, CA 92363-2942
Needles metro Census 10700 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2021
Last sale
$122,500
2 recorded transactions
2021
$122,500
2000
$31,000

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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