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Property profile & analytics
OFF-MARKET Estimated value $695,000
Retail space

945 Norma St Ridgecrest, CA 93555-5530

5,590 SF 0.17 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
Property ID
US09-3279892
Property summary
AI-generated overview

Golden Dragon Restaurant, a thriving establishment in Ridgecrest, California, presents a remarkable investment opportunity. This turnkey restaurant has enjoyed a successful 37-year history at its current location, 945 N Norma St, within a vibrant commercial area alongside other profitable businesses. The sale includes all assets necessary for immediate operation: inventory (list forthcoming), machinery, furniture, fixtures, equipment, the fictitious business name, trade name logos, signs, phone numbers, websites, text number, vendor list, and existing computer and software. The business currently occupies three leased spaces totaling 3,315 square feet. Lease terms are net, and negotiations with the building owner are possible for continued tenancy. This is a rare chance to acquire an established, profitable restaurant with a long-standing reputation in a desirable location. The asking price is $99,000. The property is zoned for commercial use and located in Kern County, CA, zip code 93555. This presents a unique opportunity for a seasoned restaurateur or an investor seeking a proven, established business. The sale includes all existing assets, allowing for a seamless transition and immediate commencement of operations. Don't miss this chance to own a piece of Ridgecrest's culinary history.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction WOOD
Total area 5,590 SF
Lot 0.17 ac (7,405 SF)
APN 420-020-18-00-1
UPID US09-3279892
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
  • Palomino Properties Real Estate Agency
  • ATB Travel Travel Agency Tour Operator
  • Golden Dragon Restaurant
  • Hair Co Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$850k
Comparable Approach Comparable
$564k
Blend (final) Blend
$695k
Owner & transaction history
Immanuel Properties LLC · 3 yrs held
Immanuel Properties LLC
since 2023
3 recorded transactions
2023
Price N/A
2022
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +54.0%
Apartment house (5+ units) $835,000 +18.5%
Auto repair, garage $775,000 +10.3%
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