Ranch-Style Duplex
For Sale
$420,000
10000 Greenacres Dr, Bakersfield, CA 93312
Two homes occupy a single lot with a permitted one-bedroom unit and equestrian-oriented property characteristics.
Property Size1,163 SF
Lot Size0.55 Acres
Price / SF$361.13
Days on Market19
Property Features for 10000 Greenacres Dr
General Information
Standard status
Active
Size
1,163 SF
Lot size
0.55 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Buildings
2
Construction
Ranch
Listing Agency:
Avalar Real Estate Alliance
(661) 900-6979
Listed By:
Hilda Gonzalez
(661) 900-6979
Source:
Exprealty
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 26 at 12:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avalar Real Estate Alliance
Investment Insights
Based on property information with market context.
This ranch-style duplex property includes two residences on approximately 0.55 acres. The front home offers three bedrooms and one bathroom, including an oversized bedroom that may be divided into two rooms. A separate one-bedroom, one-bath residence is also identified as permitted.
The property is located at 10000 Greenacres Dr in Bakersfield, with an elementary school and shopping centers within walking distance. The site is described as suitable for horse property use, adding an equestrian-oriented feature to the residential configuration.
The property is located at 10000 Greenacres Dr in Bakersfield, with an elementary school and shopping centers within walking distance. The site is described as suitable for horse property use, adding an equestrian-oriented feature to the residential configuration.
Key Highlights
- Two homes situated on one lot
- Front residence includes 3 bedrooms and 1 bath
- Oversized front‑bedroom space can be divided into 2 rooms
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
$14,232
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
3.39%
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%
$284,640
$284.6K
Cap Rate 7%
$203,314
$203.3K
Cap Rate 9%
$158,133
$158.1K
Market Conditions
NOI Build-Up for 1,163 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
$20.9K $18.00/SF
− Vacancy
−$603 −$0.52/SF
EGI
$20.3K $17.48/SF
− OpEx
−$6.1K −$5.24/SF
NOI
$14.2K $12.24/SF
Area
ZIP 93312
Vacancy
2.88%
Lease Rate
$18.00 /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%
$284,640
Cap Rate 7%
$203,314
Cap Rate 9%
$158,133
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.2K
NOI $14,232 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$186.1K
$162.8K – $217.1K
NOI $13,026 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$301.8K
$264.1K – $352.1K
NOI $21,124 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 93312, CA
58,714
Population
19,089
Households
3.1
Avg Household Size
36
Median Age
34%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$112,654
Median Household Income
$56,041
Median Earnings
$1,958
Median Rent
$420,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two homes occupy a single lot with a permitted one-bedroom unit and equestrian-oriented property characteristics.
Where is this duplex located?
The property is located at 10000 Greenacres Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two homes situated on one lot; Front residence includes 3 bedrooms and 1 bath; Oversized front‑bedroom space can be divided into 2 rooms
