Character-Rich Storefront
For Sale
$375,000
1024 Main Street, Delano, CA 93215
Main Street positioning provides street parking and access to a public city lot across the alley.
Property Size3,125 SF
Price / SF$120
Days on Market265
Property Features for 1024 Main Street
General Information
Standard status
Active
Size
3,125 SF
Property subtype
General Commercial
Property Condition
Severity
Repairs Needed
Evidence
may require some TLC
Amenities
3
Building Details
Year Built
1915
Buildings
1
Listing Agency:
San Joaquin Realty
(661) 750-1100
Listed By:
John Lara · License #01190217
(661) 750-1100
Source:
Xome
Added: Dec 8, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:34PM
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 San Joaquin Realty
Investment Insights
Based on property information with market context.
Built in 1915, this 3,125-square-foot storefront building occupies a Main Street location in downtown Delano. The property retains classic character and is suited to an owner-user or investor prepared to complete some TLC. Its layout is described as supporting a range of mixed-use needs.
Parking is available along the street, with additional public parking in the city lot across the alley. Delano City Hall is located around the corner, and the building is surrounded by established businesses. The combination of a downtown setting, direct Main Street presence, and nearby public parking provides a practical framework for repositioning the property.
Parking is available along the street, with additional public parking in the city lot across the alley. Delano City Hall is located around the corner, and the building is surrounded by established businesses. The combination of a downtown setting, direct Main Street presence, and nearby public parking provides a practical framework for repositioning the property.
Key Highlights
- 3,125‑square‑foot commercial building constructed in 1915
- Located directly on Main Street in downtown Delano
- Street parking available in front of the building
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
$30,877
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
8.23%
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%
$617,540
$617.5K
Cap Rate 7%
$441,100
$441.1K
Cap Rate 9%
$343,078
$343.1K
Market Conditions
NOI Build-Up for 3,125 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
$46.9K $15.00/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$44.1K $14.11/SF
− OpEx
−$13.2K −$4.23/SF
NOI
$30.9K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /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%
$617,540
Cap Rate 7%
$441,100
Cap Rate 9%
$343,078
Alternative Uses
Best Use
Retail
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$667.6K
$584.1K – $778.9K
NOI $46,731 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
166k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 28%
Groceries 20%
Apparel 3%
Vallarta Supermarket
Groceries
33,416 visits/mo
0.2 miles
McDonald's
Dining
26,350 visits/mo
0.5 miles
Wells Fargo
Shops & Services
13,080 visits/mo
0.1 miles
Bank of America
Shops & Services
11,346 visits/mo
0.2 miles
Little Caesars Pizza
Dining
10,058 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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- Rachel's Flower Shop — 1324 Main St, Delano, CA 93215
- Sally's Flowers — 1203 Cecil Ave, Delano, CA 93215
Frequently Asked Questions
What type of property is this?
Storefront property - Main Street positioning provides street parking and access to a public city lot across the alley.
Where is this storefront property located?
The property is located at 1024 Main Street Delano, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,125‑square‑foot commercial building constructed in 1915; Located directly on Main Street in downtown Delano; Street parking available in front of the building
