Technical
Financial
Distress signals
Property profile

860 Magellan Dr Tehachapi, CA 93561

FOR LEASE
Commercial land
Property ID
US09-4854365
0.46 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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860 Magellan Dr, Tehachapi, CA 93561 For Lease
$750,000 5,130 SF available
860 Magellan Dr, Tehachapi, CA 93561
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Property summary

AI-generated overview

The property is an end-cap retail space with drive-through functionality located at 860 Magellan Dr, Tehachapi, CA 93561. It includes approximately 12,000 square feet of indoor retail area and approximately 1,000 square feet of patio area. The drive-through is configured for vehicle queuing with stacking capacity of up to 12 cars, supporting customer service flow. The site is positioned for freeway visibility and offers signage opportunities intended to support storefront and drive-through branding. The project was scheduled for delivery in the first quarter of 2026 and is designed to be suitable for end-cap retail operations requiring drive-through service.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Construction WOOD FRAME
Lot 0.46 ac (20,037 SF)
Zoning code C-3
APN 223-570-07-00-2
UPID US09-4854365

Cap rate & NOI

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

Location

860 Magellan Dr Tehachapi, CA 93561
Tehachapi metro Census 6004 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k

Owner & transaction history

since 2022
Last sale
$725,000
4 recorded transactions
2024
Price N/A
2022
$725,000
2004
$200,000
1999
$31,309

Zoning & alternative use

C-3 · Tehachapi, CA
Zoning description

The C-3 zone is applied to areas of Tehachapi that are appropriate for uses of the widest range of retail commercial activities, including regional shopping centers and heavy commercial uses

General category COMMERCIAL

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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More about this property
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