Mixed-Use Property with Automotive
For Sale
$349,000
5209 Lake Isabella Boulevard, Lake Isabella, CA 93240
Commercial Sale, Lake Isabella, CA
Property Size2,100 SF
Lot Size0.22 Acres
Price / SF$166.19
Days on Market19
Property Features for 5209 Lake Isabella Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Subdivision
82
Standard status
Active
APN
26308104
Size
2,100 SF
Lot size
0.22 Acres
Amenities
real wood floors
rich wood detailing
Building Details
Year built
1977
Listing Agency:
Real Broker
(619) 248-6434
Listed By:
Elizabeth D Jimenez · License #01966834
(760) 223-1278
Added: Aug 5
Changed: Aug 20
Last Checked: Aug 23 at 8:06AM
MLS# 202608362
Copyright © 2026 Bakersfield Association of Realtors. 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 mixed-use property at 5209 Lake Isabella Boulevard includes a 1,200-square-foot retail space, a 720-square-foot shop with an automotive lift, and a two-story residence. The home offers two bedrooms, two bathrooms, real wood floors, and detailed woodwork. The improvements support a combination of commercial and residential occupancy within one property.
The parcel contains 0.22 acres and carries C-2 zoning, with the site designated for buildings only. Its position along Lake Isabella Boulevard places the property on a main thoroughfare near surrounding businesses and outdoor recreation areas. The property is located in Lake Isabella, within the Kern River Valley.
The parcel contains 0.22 acres and carries C-2 zoning, with the site designated for buildings only. Its position along Lake Isabella Boulevard places the property on a main thoroughfare near surrounding businesses and outdoor recreation areas. The property is located in Lake Isabella, within the Kern River Valley.
Key Highlights
- 1,200‑square‑foot retail space
- 720‑square‑foot shop equipped with an automotive lift
- Two‑story residence with 2 bedrooms and 2 bathrooms
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
$25,862
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
7.41%
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%
$517,240
$517.2K
Cap Rate 7%
$369,457
$369.5K
Cap Rate 9%
$287,356
$287.4K
Market Conditions
NOI Build-Up for 2,100 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
$38.8K $18.48/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$36.9K $17.59/SF
− OpEx
−$11.1K −$5.28/SF
NOI
$25.9K $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%
$517,240
Cap Rate 7%
$369,457
Cap Rate 9%
$287,356
Alternative Uses
Best Use
Industrial
$369.5K
$323.3K – $431.0K
NOI $25,862 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$344.7K
$301.6K – $402.2K
NOI $24,130 @ 7.0% cap · market cap 6.91%
Theoretical Best
Warehouse
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 93240, CA
5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 commercial property combines retail, workshop, and residential improvements along a main thoroughfare.
Where is this mixed-use property located?
The property is located at 5209 Lake Isabella Boulevard Lake Isabella, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,200‑square‑foot retail space; 720‑square‑foot shop equipped with an automotive lift; Two‑story residence with 2 bedrooms and 2 bathrooms
