800 China Lk Blvd Ridgecrest, CA 93555-3544
Property profile & analytics
800 China Lk Blvd, Ridgecrest, CA 93555-3544
- Grocery and convenience stores
- 36,774 SF
- 3.30 lot acres
Property ID
US09-0208107
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.
Location Intelligence
Current Use by Public Records
- The Habit Burger Grill / Restaurant / Take-out & Catering
- Primo Water Refill / Big Box & Wholesale Store
- MoneyGram / Bank / Credit Union
- Stater Bros. Markets / Grocery & Convenience Store / Food Market
- Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 800 China Lk Blvd
- Year built
- 1987
- Construction
- WOOD
- Lot size
- 3.30 lot acres
- Zone code
- GC
- Property type
- Grocery and convenience stores
- APN
- 396-500-04-00-3
- APU
- 39650004003
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story retail building in Ridgecrest, California. Located at 800 S China Lake Blvd, this 0.4-acre property boasts two thriving quick-service restaurants (QSR) under long-term corporate leases: The Habit Burger Grill and Jersey Mike's Subs. The Habit occupies 2,800 square feet, while Jersey Mike's occupies 1,200 square feet, totaling approximately 4,000 square feet. Both tenants are operating under new 10 and 15-year NNN leases, minimizing landlord responsibilities. The property enjoys 100% occupancy and a strong 5.00% cap rate. Built in 2024, this Class A property benefits from a prime location in a vibrant market with favorable demographics. The combined annual revenue of the two tenants exceeds $1.376 billion, reflecting the strength and stability of this investment. This is a rare opportunity to acquire a high-performing, low-maintenance, multi-tenant NNN investment in a desirable California market. The asking price is $3,908,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,055,000
- 6.5%
- $5,590,000
- 7%
- $5,190,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,982,000
- AI Estimate
- $3,709,000
Market price range: $2.23M - $6.98MMarket price range: $1.23M - $3.71M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,625,000 Current use
- MEDICAL BUILDING
- $7,750,000 Change: +68% Conversion: Difficult
- OFFICE BUILDING
- $7,125,000 Change: +54% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $5,480,000 Change: +18% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,100,000 Change: +10% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,670,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ridgecrest
- County
- Kern
- State
- California
- Longitude
- -117.668
- Latitude
- 35.6351
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN 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
$56,894
$560,000
$4,040,000
$4,600,000
-
$0.00
$0.00
$0.00
