Building Details

Year built 1963

Listing Agency: Watson Realty b***@watsonrealty.com Show Phone

Listed By: Davina M Norried Show Phone

Added: Apr 10 Changed: Aug 26 Last Checked: Oct 15 at 7:06PM

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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.

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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.

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 / Yr

$158,754

Cap Rate

7.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,175,080 $3.2M

Cap Rate 7%

$2,267,914 $2.3M

Cap Rate 9%

$1,763,933 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,891 SF

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 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 (±1% cap)

NOI $158,754 @ 7.0% cap · market cap 7.94%

Second Best

Office B

$2.12M

$1.85M – $2.47M (±1% cap)

NOI $148,124 @ 7.0% cap · market cap 7.41%

Theoretical Best

Warehouse

$2.75M

$2.41M – $3.21M (±1% cap)

NOI $192,772 @ 7.0% cap · market cap 9.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Pharmacy Big Box & Wholesale Store Storage Facility Garden Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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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