High-Visibility Flex
1039 Niles St Bakersfield, CA 93305
For Sale
$525,000
Two-building flex property with four units, wide-open floor plans, hard-surface flooring, and separate gas and power meters.
Property Size4,032 SF
Lot Size0.17 Acres
Price / SF$130.21
Days on Market432
Property Features for 1039 Niles St
General Information
- Standard status
- Active
- Size
- 4,032 SF
- Lot size
- 0.17 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing Agency:
Century 21 Jordan-Link
(559) 396-9976
Listed By:
Juan Juarez
(559) 396-9976
Source:
Xome
Added: May 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:25AM
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 Century 21 Jordan-Link
Investment Insights
Based on property information with market context.
Highly visible flex space on a corner configuration featuring two commercial buildings with a total of four units. Each unit includes a wide-open floor plan with hard-surface flooring and bright lighting. The property also features private restrooms, outdoor lighting during night hours, updated energy-efficient features, and established landscaping. All units have separate gas and power meters.
Several units are currently available, with units 1041, 1039, and 1224 vacant. Unit 1222 is occupied by the owner’s business. Total building area is approximately 3,500 SF on 0.17 acres, with the property located off Niles Street in Bakersfield, CA.
This setup creates straightforward leasing options within a multi-unit flex configuration, supported by the physical independence of each unit through separate utilities.
Several units are currently available, with units 1041, 1039, and 1224 vacant. Unit 1222 is occupied by the owner’s business. Total building area is approximately 3,500 SF on 0.17 acres, with the property located off Niles Street in Bakersfield, CA.
This setup creates straightforward leasing options within a multi-unit flex configuration, supported by the physical independence of each unit through separate utilities.
Key Highlights
- Two commercial buildings totaling 3,500 SF on 0.17 acres with four units for flexible use
- Each unit features wide‑open floor plans with hard‑surface flooring throughout
- All units have separate gas and power meters
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.9k | $15.60 |
| − Vacancy | −$4.1k | −$1.01 |
| EGI | $58.8k | $14.59 |
| − OpEx | −$17.6k | −$4.38 |
| NOI | $41.2k | $10.21 |
4,032 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$588.1K
$514.6K – $686.1K
NOI $41,168 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$551.6K
$482.6K – $643.5K
NOI $38,610 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.07M
$936.2K – $1.25M
NOI $74,898 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Botanica Mi Gitana
Religious Bookstore
Vargas Party Supply
Party Supply Store
FAQs
What type of property is this?
Flex space - Two-building flex property with four units, wide-open floor plans, hard-surface flooring, and separate gas and power meters.
Where is this flex space located?
The property is located at 1039 Niles St Bakersfield, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two commercial buildings totaling 3,500 SF on 0.17 acres with four units for flexible use; Each unit features wide‑open floor plans with hard‑surface flooring throughout; All units have separate gas and power meters
