Freestanding Corner
For Sale
Contact for pricing
105 Asher Ave, Taft, CA 93268
C-2 zoning supports commercial, retail, and service uses.
Property Size1,993 SF
Lot Size0.25 Acres
Price / SF$110.39
Days on Market11
Property Features for 105 Asher Ave
General Information
Standard status
Active
Size
1,993 SF
Class
C
Lot size
0.25 Acres
Property subtype
Retail, Office, Land
Zoning
C-2
Investment Type
Owner/User
Additional Details
Corner Location
Yes
Building Details
Year Built
1933
Buildings
1
Listing Agency:
Prime Retail Group
Listed By:
Sam Abed · License #CA 01327240
Source:
Crexi
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 12:30PM
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 Prime Retail Group
Investment Insights
Based on property information with market context.
This freestanding storefront contains approximately 1,993 square feet on a corner lot measuring approximately 0.25 acres. Constructed in 1933, the building features a stucco parapet with castellated detailing that gives the property a distinctive architectural profile. The site also includes yard area that can accommodate parking, storage, or future expansion.
The property is located at the intersection of S 4th Street and Asher Avenue in downtown Taft, California. It sits within an established residential and commercial area of western Kern County. C-2 zoning supports commercial, retail, and service uses, providing flexibility for an owner-user or investor.
The property is located at the intersection of S 4th Street and Asher Avenue in downtown Taft, California. It sits within an established residential and commercial area of western Kern County. C-2 zoning supports commercial, retail, and service uses, providing flexibility for an owner-user or investor.
Key Highlights
- Freestanding 1,993 SF commercial building on an approximately 0.25‑acre corner lot
- Constructed in 1933 with stucco parapet and castellated architectural detailing
- Located at S 4th Street and Asher Avenue in downtown Taft, California
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
$19,692
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
8.95%
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%
$393,840
$393.8K
Cap Rate 7%
$281,314
$281.3K
Cap Rate 9%
$218,800
$218.8K
Market Conditions
NOI Build-Up for 1,993 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
$29.9K $15.00/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$28.1K $14.11/SF
− OpEx
−$8.4K −$4.23/SF
NOI
$19.7K $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%
$393,840
Cap Rate 7%
$281,314
Cap Rate 9%
$218,800
Alternative Uses
Best Use
Retail
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$425.8K
$372.5K – $496.7K
NOI $29,803 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 30%
Groceries 26%
Hotels & Casinos 4%
Grocery Outlet Bargain Market
Groceries
9,906 visits/mo
0.2 miles
Dollar General
Shops & Services
8,025 visits/mo
0.3 miles
Pizza Factory
Dining
5,032 visits/mo
0.3 miles
Little Caesars Pizza
Dining
4,700 visits/mo
0.4 miles
Sinclair
Shops & Services
2,691 visits/mo
0.4 miles
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jack's Flower Shop — 430 Center St, Taft, CA 93268
- Country Corner Florist — 530 Kern St # B, Taft, CA 93268
- Albertsons Floral — 1044 Kern St, Taft, CA 93268
Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning supports commercial, retail, and service uses.
Where is this storefront property located?
The property is located at 105 Asher Ave Taft, CA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Freestanding 1,993 SF commercial building on an approximately 0.25‑acre corner lot; Constructed in 1933 with stucco parapet and castellated architectural detailing; Located at S 4th Street and Asher Avenue in downtown Taft, California
