1611 Needles Highway
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | Price Decreased |
$374,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by River Sisters Realty | $399,000 | |
| Listed by River Sisters Realty | |||
| Jan 21, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Listed by R.E. SOURCE | $340,000 | |
| Listed by R.E. SOURCE | |||
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Prime commercial opportunity in Needles, CA, just off I-40 and Route 95, perfectly positioned for boat storage or marine-related business. This 3,200 SF freestanding warehouse sits on a 12,000 SF gated corner lot and is zoned C-2 (General Commercial) with a land use designation for retail, offering flexibility for a variety of commercial uses. Located just minutes from the Colorado River, Lake Havasu, and Lake Mohave, the property is ideal for boat storage, repair, or marine retail. Features include a storefront, spacious warehouse area, one bathroom, a separate shower room, public water and sewer, and secure perimeter fencing with a gate. With high visibility and easy access from Needles Hwy, this is a prime location for serving the area's boating and outdoor recreation community. A rare opportunity for investors or owner-users to capitalize on Needles' growing demand for recreational storage and services.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017