Ranch-Style Duplex
For Sale
$420,000
10000 Greenacres Drive, Bakersfield, CA 93312
Residential Income, Bakersfield, CA
Property Size1,683 SF
Lot Size0.55 Acres
Price / SF$249.55
Days on Market21
Property Features for 10000 Greenacres Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Covered
Elementary school
Columbia
Middle school
Fruitvale
High school
Liberty
Subdivision
62
Standard status
Active
APN
11003031
Size
1,683 SF
Lot size
0.55 Acres
Building Details
Year built
1942
Floors in Building
1
Number of units
2
Listing Agency:
Avalar Real Estate Alliance
(805) 815-9600
Listed By:
Hilda Gonzalez
(661) 619-5651
Added: Aug 11
Changed: Aug 26
Last Checked: Aug 31 at 10:06AM
MLS# 202608625
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.
Investment Insights
Based on property information with market context.
This ranch-style duplex property includes two homes on one lot totaling 1,683 square feet. The front residence offers three bedrooms and one bathroom, including an oversized bedroom that may be divided into two. A separate permitted residence provides one bedroom and one bathroom. The property was built in 1942 and includes covered parking.
Set on 0.5524 acres, the property is designated as a horse property. Elementary school and shopping centers are within walking distance, providing convenient access to everyday services and local amenities.
Set on 0.5524 acres, the property is designated as a horse property. Elementary school and shopping centers are within walking distance, providing convenient access to everyday services and local amenities.
Key Highlights
- Two homes on one 0.5524‑acre lot
- Front home has 3 bedrooms and 1 bathroom
- Separate permitted 1‑bedroom, 1‑bath home
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
$20,595
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
4.90%
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%
$411,900
$411.9K
Cap Rate 7%
$294,214
$294.2K
Cap Rate 9%
$228,833
$228.8K
Market Conditions
NOI Build-Up for 1,683 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
$30.3K $18.00/SF
− Vacancy
−$872 −$0.52/SF
EGI
$29.4K $17.48/SF
− OpEx
−$8.8K −$5.24/SF
NOI
$20.6K $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%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.3K
NOI $20,595 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$436.7K
$382.1K – $509.5K
NOI $30,569 @ 7.0% cap · market cap 7.28%
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 permitted homes share a horse-property lot with covered parking and convenient access to schools and shopping.
Where is this duplex located?
The property is located at 10000 Greenacres Drive 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 on one 0.5524‑acre lot; Front home has 3 bedrooms and 1 bathroom; Separate permitted 1‑bedroom, 1‑bath home
