Property profile

900 Norma St Ridgecrest, CA 93555

OFF-MARKET
Commercial real estate
Property ID
US10-2952041
6,386 SF 0.39 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Heritage Shopping Center, a single-story, 36,719 square foot Class C retail and office building, presents a unique investment opportunity in Ridgecrest, California. Built in 1983, this multi-tenant property is zoned C2 and offers a diverse range of spaces suitable for medical, traditional, or creative office uses. Six individual spaces are currently available, ranging from 1,000 to 2,427 square feet. Located at 900 N Norma St, Ridgecrest, CA 93555 (35.637393, -117.678397), the center benefits from its proximity to the China Lake Naval Air Weapons Center, a key driver of Ridgecrest's robust economic growth. Ridgecrest, a rapidly expanding city with a population of 28,978 and a labor force of approximately 14,000, offers a strong potential for tenant acquisition and long-term investment returns. The city's strategic location near the Southern Sierra Mountains and its service to an additional 13,000 individuals in the Northeastern Kern County region further enhance its appeal. This property represents a compelling opportunity to capitalize on the dynamic growth and employment opportunities within this thriving California community. The low unemployment rate (3.3% in October 2018) underscores the region's economic strength.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Construction WOOD
Total area 6,386 SF
Lot 0.39 ac (16,988 SF)
Zoning code C2
APN 421-050-02-00-0
UPID US10-2952041

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • High School

Location

900 Norma St Ridgecrest, CA 93555-3150
Ridgecrest metro Census 5406 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$930k
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
2014
Price N/A
2005
$2.2M
2003
Price N/A
2000
Price N/A
1996
Price N/A

Zoning & alternative use

C2 · Ridgecrest, CA
Top alternative use upside
Medical building $1.3M +77.6%
Office building $1.2M +63.2%
Apartment house (5+ units) $950,000 +25.6%

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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