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Property profile & analytics
OFF-MARKET
Estimated value
$5,425,000
Grocery and convenience stores
800 China Lk Blvd Ridgecrest, CA 93555-3544
Entity Owned
Free & Clear
Property ID
US09-0208107
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Construction
WOOD
Total area
36,774 SF
Lot
3.3 ac (143,748 SF)
Zoning code
GC
APN
396-500-04-00-3
UPID
US09-0208107
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$5.43M
Owner & transaction history
Mdc Mercury 2604 Propco 3 LLC
Mdc Mercury 2604 Propco 3 LLC
since 2026
7 recorded transactions
Zoning & alternative use
GC · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.8M
+67.5%
Office building
$7.1M
+54.0%
Apartment house (5+ units)
$5.5M
+18.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,055,000
6.5%
$5,590,000
7%
$5,190,000
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
Blend value · Realmo final
$5.43M
Range $4.88M – $5.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,894
Tax year 2023
Assessed value
$4,600,000
Assessed 2023
Previous assessed
$4,600,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$560,000
Assessed improvement
$4,040,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
36,774 SF
Lot
3.3 ac (143,748 SF)
Zoning code
GC
APN
396-500-04-00-3
UPID
US09-0208107
Jurisdiction
KERN
Zoning & alternative use
GC · Ridgecrest, CA
Zoning GC · permitted uses
GC · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Mdc Mercury 2604 Propco 3 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
321 N CLARK ST STE #1300, CHICAGO, IL 60654-4739
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
—
Mdc Mercury 2604 Propco 3 LLC
Mdc Coastal 20 LLC
Grant Deed
—
Aug 29, 2025
$2,950,000
Benny & Associates LLC
G & L China Lake LLC
Grant Deed
$1,760,000 · The Golden 1 Cu
Oct 29, 2024
—
Mdc Coastal 20 LLC
Sb North China Lake Road LLC
Deed
—
Oct 29, 2024
$7,757,000
Mdc Coastal 20 LLC
Sb North China Lake Road LLC
Grant Deed
—
Feb 13, 2024
—
G&l China Lake LLC
—
Deed
related
$820,000 · Desert Valleys FCU
Nov 22, 2004
$5,100,000
Sb North China Lake Road LLC
Us Bank National Association
Grant Deed
—
Oct 18, 1996
—
Byrne Trust
Stater Bros Markets
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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