1550 Norma StRidgecrest, CA 93555

Property Details for 1550 Norma St

Year built

1989

Construction

WOOD

Lot size

0.95 AC

Property size (Sq ft)

10,125 SF

Zone code

PO

Property type

Office properties

Property subtype

Office buildings

APN

419-010-37-00-3

APU

41901037003

Description

Located at 1550 N Norma St, Ridgecrest, CA 93555, this single-story, 9,680 square foot office building offers a fantastic opportunity. Built in 1989, the property boasts 46 parking spaces and sits on a 0.95-acre lot. Currently, 6,740 square feet of space is available for lease, divisible into smaller units. The largest contiguous space is 2,488 square feet, while the minimum divisible space is 6,740 square feet. The building features numerous amenities, including 26 offices, a reception area, large network and phone rooms, storage rooms, restrooms, conference rooms, open space for cubicles, and a kitchenette. Utilities (water, gas, trash, and electricity) are included in the monthly rent of $1.50 per square foot. The property is zoned PO and is conveniently located near the Naval Weapons Center (0.6 miles from Inyokern Rd - Highway 178). The building is suitable for various uses, including traditional, executive, medical, and creative office spaces. Abundant furniture is available for the new tenant. This is a highly desirable location with excellent access and ample parking. The property is served by Southern California Edison (SCE). The APN is 419-010-37.

• CAP approach

  CAP return

  Valuation

  6%

  $3,203,352

  6.5%

  $2,956,940

  7%

  $2,745,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,925,370

  Geo Method

  $1,925,370

• Alternative Use

  Use

  Valuation

  Residential

  $3,666,605

  Hospitality

  $3,358,591

  Educational

  $2,794,308

  Medical

  $2,890,409

  Retail

  $4,346,702

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6496

Longitude

-117.678

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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