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    621 W Line St Bishop, CA 93514

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    621 W Line St Bishop, CA 93514

    View on Map
    • Super regional malls
    • 21,302 SF
    • 0.88 lot acres
    For Lease
    $1,400/Mo
    View Listing →
    Established Commercial Complex For Rent For Lease
    $1,400/Mo
    1,140 SF

    Established Commercial Complex For Rent

    Commercial complex with good tenant mix and excellent parking.

    621 W Line St, Bishop, CA 93514
    View Listing
    Property ID
    US09-1773683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $720,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Friends of the Inyo / Charitable Organization / Social Service Agency
    • Wood Law Group / Law Firm
    • Frederick G Wood Law Offices: Wood Rick / Law Firm
    • Euphoria Salon / Hair Salon / Nail Salon
    • Grandma's seasoning restaurant / Restaurant

    Property Details for 621 W Line St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.88 lot acres
    Property size
    21,302 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    001-110-03-00
    APU
    11100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bishop
    County
    Inyo
    State
    California
    Longitude
    -118.401
    Latitude
    37.3617
    CBSA code
    13860
    CBSA name
    BISHOP, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,314
    $929,598
    $1,804,514
    $2,734,112
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $545,000
      21,123 SF

      3100 Line St

      REGIONAL SHOPPING CENTER, MALL • 21,123 SF
      3100 Line St, Bishop, CA 93514-2148
      View Details
    • Value Estimation
      $2,115,000
      34,254 SF

      1390 Barlow Ln

      REGIONAL SHOPPING CENTER, MALL • 34,254 SF
      1390 Barlow Ln, Bishop, CA 93514
      View Details
    • Value Estimation
      $1,090,000
      66,002 SF

      910 Main St

      REGIONAL SHOPPING CENTER, MALL • 66,002 SF
      910 Main St, Bishop, CA 93514-2406
      View Details
    • Value Estimation by Request
      6,300 SF

      3100 Line St

      REGIONAL SHOPPING CENTER, MALL • 6,300 SF
      3100 Line St, Bishop, CA 93514-2148
      View Details
    • Value Estimation by Request
      0.05 Acres

      Warren

      PARKING LOT • 0.05 Acres
      Warren, Bishop, CA 93514
      View Details
    • Value Estimation by Request
      0.03 Acres

      Line St

      PARKING LOT • 0.03 Acres
      Line St, Bishop, CA 93514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,222 SF

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      7,222 SqFt mixed-use property available for purchase.
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      Historic Building on Bishop's Main

      Rare opportunity to acquire a historic commercial building.
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      Downtown Bishop Mixed-Use Opportunity

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      Hammil Valley Open Land

      Nearly 12 acres of land ready for development.
      Hwy, Hammil Valley, CA 93514
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    • $975,000
      5,900 SF

      Bishop Commercial Property with Tenant

      Commercial property with existing tenant and potential owner-user opportunity.
      187 W Line St, Bishop, CA 93514
      View Details
    • $125,000
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      Land with Mountain Views

      Buildable lot with utilities and mountain views in Bishop.
      Paradise Pt, Bishop, CA 93514
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    Similar Nearby for Lease

    • Contact for pricing
      105,462 SF

      Retail Opportunity in Bishop, CA

      Retail space in outdoor enthusiast destination near Mammoth Mountain.
      1200 N Main St, Bishop, CA 93514
      View Details
    • Contact for pricing
      4,435 SF

      Restaurant Building with Drive-Thru

      Second-generation restaurant with drive-thru on a large lot.
      2935 Main St, Bishop, CA 93514
      View Details
    • $2 SF/Yr
      1,894 SF

      Turnkey Restaurant Space Available

      Restaurant space for rent on Main Street.
      285 N Main St, Bishop, CA 93514
      View Details
    • $1,400 /Mo
      1,140 SF

      Established Commercial Complex For Rent

      Commercial complex with good tenant mix and excellent parking.
      621 W Line St, Bishop, CA 93514
      View Details
    View Listing
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    Bishop, CA 93514
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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