Office/Warehouse Flex
For Sale
Contact for pricing
1105 West Columbus Street, Bakersfield, CA 93301
Functional office/warehouse building with renovated office space, secured access, and on-site parking on an M-1 zoned parcel.
Property Size3,200 SF
Lot Size0.17 Acres
Price / SF$170
Days on Market128
Property Features for 1105 West Columbus Street
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.17 Acres
Property subtype
Industrial
Zoning
M1
Building Details
Buildings
1
Listing Agency:
Colliers - Bakersfield, California
Listed By:
Marco Petrini · License #02167974
(661) 631-3826
Source:
Crexi
Added: May 8
Changed: Sep 8
Last Checked: Sep 12 at 6:39AM
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 Colliers - Bakersfield, California
Investment Insights
Based on property information with market context.
This office/warehouse flex property offers a practical combination of recently renovated office space and a warehouse component. The office area includes a professional reception area, multiple private offices, a kitchenette, and restroom facilities, supporting both administrative functions and day-to-day operations. The warehouse portion is suited for storage, distribution, or light manufacturing use.
The property is located on a secured site on West Columbus Street in Bakersfield’s central industrial corridor. The parcel is zoned M-1 and includes an automated gate and on-site parking to support controlled access and operational convenience.
The offering includes a functional layout designed for office and warehouse activities within the same building footprint.
The property is located on a secured site on West Columbus Street in Bakersfield’s central industrial corridor. The parcel is zoned M-1 and includes an automated gate and on-site parking to support controlled access and operational convenience.
The offering includes a functional layout designed for office and warehouse activities within the same building footprint.
Key Highlights
- +/- 3,200 SF office/warehouse on a +/- 7,405 SF parcel in Bakersfield’s central industrial corridor
- M‑1 zoning for a wide range of light industrial and service‑oriented uses
- Recently renovated office with professional reception, multiple private offices, kitchenette, and restroom facilities
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
$42,336
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
7.78%
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%
$846,720
$846.7K
Cap Rate 7%
$604,800
$604.8K
Cap Rate 9%
$470,400
$470.4K
Market Conditions
NOI Build-Up for 3,200 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
$67.2K $21.00/SF
− Vacancy
−$10.8K −$3.36/SF
EGI
$56.4K $17.64/SF
− OpEx
−$14.1K −$4.41/SF
NOI
$42.3K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$846,720
Cap Rate 7%
$604,800
Cap Rate 9%
$470,400
Alternative Uses
Best Use
Office B
$604.8K
$529.2K – $705.6K
NOI $42,336 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$849.2K
$743.0K – $990.7K
NOI $59,443 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Functional office/warehouse building with renovated office space, secured access, and on-site parking on an M-1 zoned parcel.
Where is this flex space located?
The property is located at 1105 West Columbus Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $544,000.
What are key features of this property?
This property features: +/- 3,200 SF office/warehouse on a +/- 7,405 SF parcel in Bakersfield’s central industrial corridor; M‑1 zoning for a wide range of light industrial and service‑oriented uses; Recently renovated office with professional reception, multiple private offices, kitchenette, and restroom facilities
