Bakersfield Commercial Building For
For Sale
$400,000
907 N Chester Avenue, Bakersfield, CA 93308
Commercial Sale, Bakersfield, CA
Property Size2,231 SF
Lot Size0.06 Acres
Price / SF$179.29
Days on Market49
Property Features for 907 N Chester Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Subdivision
21
Standard status
Active
APN
11326217
Size
2,231 SF
Lot size
0.06 Acres
Building Details
Year built
1915
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
AJ Bhuee
6613275161x4622
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 202511515
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 commercial building, currently home to the Long Branch Saloon, is available for purchase. The building has been operating as a full-service bar and lounge for several years. The structure measures 2,231 square feet and is situated on a 2,613 square foot lot. The establishment has a capacity for 100 patrons and features a 65-foot long bar. The current tenant is paying $2,500 per month on a month-to-month basis. The sale includes the real property only. The property is zoned C-2 and is located in Bakersfield, California.
Key Highlights
- Iconic and beloved full‑service bar and lounge with established operation.
- Building capacity of 100 patrons.
- Boasts a 65‑foot long bar (reportedly the longest in Kern County).
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
$22,890
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
5.72%
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%
$457,800
$457.8K
Cap Rate 7%
$327,000
$327.0K
Cap Rate 9%
$254,333
$254.3K
Market Conditions
NOI Build-Up for 2,231 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
$32.1K $14.40/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.5K $13.68/SF
− OpEx
−$7.6K −$3.42/SF
NOI
$22.9K $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%
$457,800
Cap Rate 7%
$327,000
Cap Rate 9%
$254,333
Alternative Uses
Best Use
Specialty Retail
$327.0K
$286.1K – $381.5K
NOI $22,890 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 27%
Shops & Services 14%
Electronics 2%
McDonald's
Dining
20,381 visits/mo
0.5 miles
Dollar General Market
Groceries
12,978 visits/mo
0.5 miles
Wienerschnitzel
Dining
6,438 visits/mo
0.5 miles
7-Eleven
Shops & Services
3,460 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,754 visits/mo
0.4 miles
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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.
Similar Off Market Nearby
- Cruising Park — 11912156, bakersfield, ca 93301
- Long Branch Saloon — 907 N Chester Ave, Bakersfield, CA 93308
- Trouts — 813 n chester ave, bakersfield, ca 93308
- Rustic Rail Saloon — 147 E Norris Rd, Bakersfield, CA 93308
- Dugan's — 1721 N Chester Ave, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial building housing iconic bar and lounge, real property only.
Where is this bar & pub located?
The property is located at 907 N Chester Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Iconic and beloved full‑service bar and lounge with established operation.; Building capacity of 100 patrons.; Boasts a 65‑foot long bar (reportedly the longest in Kern County).
