Office-Warehouse Flex
New
For Sale
$795,000
1061 S Derby St, Arvin, CA 93203
A combined office and warehouse property on an approximately one-acre site.
Property Size5,000 SF
Lot Size1.08 Acres
Price / SF$159
Days on Market3
Property Features for 1061 S Derby St
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.08 Acres
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Listing Agency:
Bakersfield
(661) 631-3819
Listed By:
Oscar Baltazar · License #BRE 01263421
(661) 631-3819
Source:
Colliers
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 8:52PM
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 Bakersfield
Investment Insights
Based on property information with market context.
This flex space property combines office and warehouse functions within a 5,000-square-foot facility. The improvements occupy approximately 1.08 acres and are suited to commercial operations requiring both administrative and storage or work areas.
The property is located at 1061 S Derby St in Arvin, California, providing a defined commercial address for an office-warehouse use.
The property is located at 1061 S Derby St in Arvin, California, providing a defined commercial address for an office-warehouse use.
Key Highlights
- 5,000‑square‑foot office and warehouse facility
- Approximately 1.08‑acre commercial site
- Located at 1061 S Derby St, Arvin, CA 93203
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
$61,575
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
7.75%
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%
$1,231,500
$1.2M
Cap Rate 7%
$879,643
$879.6K
Cap Rate 9%
$684,167
$684.2K
Market Conditions
NOI Build-Up for 5,000 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
$92.4K $18.48/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$88.0K $17.59/SF
− OpEx
−$26.4K −$5.28/SF
NOI
$61.6K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /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%
$1,231,500
Cap Rate 7%
$879,643
Cap Rate 9%
$684,167
Alternative Uses
Best Use
Warehouse
$1.07M
$934.6K – $1.25M
NOI $74,770 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$879.6K
$769.7K – $1.03M
NOI $61,575 @ 7.0% cap · market cap 7.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93203, CA
20,777
Population
5,005
Households
4.2
Avg Household Size
27
Median Age
4%
College-Educated
45%
High-School Grad
172.0 sq mi
ZIP Area
121
Density / Sq Mi
$49,918
Median Household Income
$28,103
Median Earnings
$1,086
Median Rent
$247,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and warehouse property on an approximately one-acre site.
Where is this flex space located?
The property is located at 1061 S Derby St Arvin, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,000‑square‑foot office and warehouse facility; Approximately 1.08‑acre commercial site; Located at 1061 S Derby St, Arvin, CA 93203
