Conventional Restaurant
For Sale
$650,000
1207 Columbus Street, Bakersfield, CA 93305
Commercial Sale, Bakersfield, CA
Property Size4,650 SF
Lot Size0.30 Acres
Price / SF$139.78
Days on Market107
Property Features for 1207 Columbus Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1 Zoning allows many different busines .
Subdivision
31
Standard status
Active
APN
12603125
Size
4,650 SF
Lot size
0.30 Acres
Building Details
Year built
1975
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
William A Chicas · License #01815714
(661) 912-5778
Added: May 24
Changed: Sep 2
Last Checked: Sep 7 at 1:06AM
MLS# 202603460
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 4,650-square-foot commercial building on a 0.3-acre lot. The improvements date to 1975 and are configured for restaurant use, providing an existing food-service setting for a future operator or concept.
The property is located at 1207 Columbus Street in Bakersfield, California, within Kern County and ZIP Code 93305. Its established restaurant format may support continued food-service use, subject to applicable approvals and operational requirements.
The property is located at 1207 Columbus Street in Bakersfield, California, within Kern County and ZIP Code 93305. Its established restaurant format may support continued food-service use, subject to applicable approvals and operational requirements.
Key Highlights
- 4,650‑square‑foot restaurant property
- 0.3‑acre lot in Bakersfield, CA
- Existing commercial improvements configured for restaurant use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$954,180
$954.2K
Cap Rate 7%
$681,557
$681.6K
Cap Rate 9%
$530,100
$530.1K
Market Conditions
NOI Build-Up for 4,650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.0K $14.40/SF
− Vacancy
−$3.3K −$0.72/SF
EGI
$63.6K $13.68/SF
− OpEx
−$15.9K −$3.42/SF
NOI
$47.7K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$954,180
Cap Rate 7%
$681,557
Cap Rate 9%
$530,100
Alternative Uses
Best Use
Specialty Retail
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,378 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 23%
Dining 22%
Home Improvements & Furnishings 20%
Foods Co
Groceries
52,229 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
31,365 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
24,820 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,630 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,917 visits/mo
0.4 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant space offers a substantial commercial footprint for food-service operations.
Where is this conventional restaurant located?
The property is located at 1207 Columbus Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,650‑square‑foot restaurant property; 0.3‑acre lot in Bakersfield, CA; Existing commercial improvements configured for restaurant use
