Industrial Flex
For Sale
$2,000,000
1270 E Riverside Street, Shafter, CA 93263
Commercial Sale, Shafter, CA
Property Size12,891 SF
Lot Size11.70 Acres
Price / SF$155.15
Days on Market144
Property Features for 1270 E Riverside Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GC
Subdivision
95
Standard status
Active
APN
08915013
Size
12,891 SF
Lot size
11.70 Acres
Building Details
Year built
1963
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Davina M Norried
(661) 204-3924
Added: Apr 10
Changed: Aug 26
Last Checked: Aug 31 at 11:06AM
MLS# 202511206
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.
Set on 11.7 acres, this 12,891-square-foot flex property includes an office building, a shop, and a smaller secondary structure. The office was undergoing remodeling, leaving remaining finish work for the next owner. The shop also requires installation of its doors.
The site is positioned near Santa Fe Way in Shafter and carries General Commercial (GC) zoning. Utility infrastructure includes electricity, one agricultural well, and one domestic well. An approximately 70ft truck scale is located beside the office. The property was built in 1963.
The site is positioned near Santa Fe Way in Shafter and carries General Commercial (GC) zoning. Utility infrastructure includes electricity, one agricultural well, and one domestic well. An approximately 70ft truck scale is located beside the office. The property was built in 1963.
Key Highlights
- 11.7‑acre property with 12,891 square feet of improvements
- General Commercial (GC) zoning
- Office building, shop, and smaller secondary structure
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
$158,754
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
7.94%
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%
$3,175,080
$3.2M
Cap Rate 7%
$2,267,914
$2.3M
Cap Rate 9%
$1,763,933
$1.8M
Market Conditions
NOI Build-Up for 12,891 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
$238.2K $18.48/SF
− Vacancy
−$11.4K −$0.89/SF
EGI
$226.8K $17.59/SF
− OpEx
−$68.0K −$5.28/SF
NOI
$158.8K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
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%
$3,175,080
Cap Rate 7%
$2,267,914
Cap Rate 9%
$1,763,933
Alternative Uses
Best Use
Industrial
$2.27M
$1.98M – $2.65M
NOI $158,754 @ 7.0% cap · market cap 7.94%
Second Best
Office B
$2.12M
$1.85M – $2.47M
NOI $148,124 @ 7.0% cap · market cap 7.41%
Theoretical Best
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,772 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93263, CA
22,341
Population
6,489
Households
3.4
Avg Household Size
29
Median Age
11%
College-Educated
72%
High-School Grad
92.2 sq mi
ZIP Area
242
Density / Sq Mi
$66,774
Median Household Income
$32,973
Median Earnings
$1,182
Median Rent
$301,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - General Commercial zoning accompanies office, shop, and secondary building improvements.
Where is this flex space located?
The property is located at 1270 E Riverside Street Shafter, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11.7‑acre property with 12,891 square feet of improvements; General Commercial (GC) zoning; Office building, shop, and smaller secondary structure
