Restaurant with Full-Service
For Sale
$899,990
707 12th Avenue, Delano, CA 93215
Commercial/Indust, Delano, CA
Property Size5,366 SF
Lot Size0.19 Acres
Price / SF$167.72
Days on Market291
Property Features for 707 12th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Exterior features
Parking/50+ Spaces
Directions
Off of 11th Ave, head North on Glenwood St.
Subdivision
Delano
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
03811004
Size
5,366 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Building Details
Flooring type
Vinyl
Listing Agency:
Century 21 Select Group · Century 21 Real Estate
(559) 733-9696
Listed By:
Victor M Bueno · License #01942762
(661) 454-9527
Added: Dec 10, 2025
Changed: Sep 6
Last Checked: Sep 27 at 4:06PM
MLS# 233297
Copyright © 2026 Kings County Board 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 5,366-square-foot restaurant property includes a complete kitchen, dining tables and chairs, and a full-service bar. Vinyl flooring supports the existing food-and-beverage layout, while public sewer serves the building. The property is zoned GC and occupies 0.19 acres.
Located at 707 12th Avenue in Delano, California, the site includes parking for 50+ spaces. Available licensing includes 3 Licenses Restaurant, a Full Liquor License ABC-47, and a Live Music Entertainment License, with the licenses available for negotiation. Monthly lease options are also available.
Located at 707 12th Avenue in Delano, California, the site includes parking for 50+ spaces. Available licensing includes 3 Licenses Restaurant, a Full Liquor License ABC-47, and a Live Music Entertainment License, with the licenses available for negotiation. Monthly lease options are also available.
Key Highlights
- 5,366‑square‑foot restaurant property at 707 12th Avenue, Delano, CA 93215
- Full kitchen, dining tables and chairs, and full‑service bar included
- Parking for 50+ Spaces
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
$66,083
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%
$1,321,660
$1.3M
Cap Rate 7%
$944,043
$944.0K
Cap Rate 9%
$734,256
$734.3K
Market Conditions
NOI Build-Up for 5,366 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
$99.2K $18.48/SF
− Vacancy
−$4.8K −$0.89/SF
EGI
$94.4K $17.59/SF
− OpEx
−$28.3K −$5.28/SF
NOI
$66.1K $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%
$1,321,660
Cap Rate 7%
$944,043
Cap Rate 9%
$734,256
Alternative Uses
Best Use
Industrial
$944.0K
$826.0K – $1.10M
NOI $66,083 @ 7.0% cap · market cap 7.34%
Second Best
Specialty Retail
$847.6K
$741.6K – $988.8K
NOI $59,329 @ 7.0% cap · market cap 6.59%
Theoretical Best
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,243 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
363k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 32%
Groceries 18%
Apparel 4%
Vallarta Supermarket
Groceries
33,416 visits/mo
0.4 miles
Smart & Final
Groceries
32,437 visits/mo
0.4 miles
Fastrip
Shops & Services
28,639 visits/mo
0.4 miles
Carl's Jr.
Dining
28,045 visits/mo
0.3 miles
McDonald's
Dining
26,350 visits/mo
0.4 miles
Demographics for 93215, CA
53,626
Population
13,207
Households
4.1
Avg Household Size
32
Median Age
8%
College-Educated
62%
High-School Grad
145.5 sq mi
ZIP Area
369
Density / Sq Mi
$61,329
Median Household Income
$26,998
Median Earnings
$1,085
Median Rent
$271,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant setup includes commercial kitchen infrastructure, dining furnishings, and entertainment-related licensing options.
Where is this conventional restaurant located?
The property is located at 707 12th Avenue Delano, CA.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: 5,366‑square‑foot restaurant property at 707 12th Avenue, Delano, CA 93215; Full kitchen, dining tables and chairs, and full‑service bar included; Parking for 50+ Spaces
