Fenced Flex Industrial
For Sale
Contact for pricing
1121 Sumner Street, Bakersfield, CA 93305
Industrial office and warehouse space with a canopy, secured fencing, and separate cooling systems.
Property Size6,250 SF
Price / SF$116
Days on Market55
Property Features for 1121 Sumner Street
General Information
Standard status
Active
Size
6,250 SF
Class
B
Property subtype
Industrial
Zoning
M-2, City of Bakersfield
Investment Type
Owner/User
Additional Details
Asking Price
$725,000
Fenced Yard
Yes
Building Details
Buildings
1
Listing Agency:
Cushman & Wakefield - Bakersfield, California
(661) 589-9160
Listed By:
Scott Reynolds · License #CA 01382493
Source:
Crexi
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 31 at 12:10AM
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 Cushman & Wakefield - Bakersfield, California
Investment Insights
Based on property information with market context.
This 6,250-square-foot flex property combines office and warehouse functions within a fully fenced site. The office area is air conditioned, while evaporative coolers serve the warehouse. A canopy provides additional covered space for site operations and storage needs.
Located at 1121 Sumner Street in Bakersfield, the property is in Old Town Kern and the East Bakersfield submarket. M-2 zoning applies under the City of Bakersfield. The configuration supports a range of industrial and commercial operations requiring both work areas and office space.
Located at 1121 Sumner Street in Bakersfield, the property is in Old Town Kern and the East Bakersfield submarket. M-2 zoning applies under the City of Bakersfield. The configuration supports a range of industrial and commercial operations requiring both work areas and office space.
Key Highlights
- 6,250‑square‑foot flex property with industrial office and warehouse areas
- Fully fenced site with an on‑site canopy
- Air conditioning in the office area
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
$63,814
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
8.80%
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%
$1,276,280
$1.3M
Cap Rate 7%
$911,629
$911.6K
Cap Rate 9%
$709,044
$709.0K
Market Conditions
NOI Build-Up for 6,250 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
$97.5K $15.60/SF
− Vacancy
−$6.3K −$1.01/SF
EGI
$91.2K $14.59/SF
− OpEx
−$27.3K −$4.38/SF
NOI
$63.8K $10.21/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /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%
$1,276,280
Cap Rate 7%
$911,629
Cap Rate 9%
$709,044
Alternative Uses
Best Use
Warehouse
$1.11M
$968.6K – $1.29M
NOI $77,488 @ 7.0% cap · market cap 10.69%
Second Best
Industrial
$911.6K
$797.7K – $1.06M
NOI $63,814 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,100 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Industrial office and warehouse space with a canopy, secured fencing, and separate cooling systems.
Where is this flex space located?
The property is located at 1121 Sumner Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 6,250‑square‑foot flex property with industrial office and warehouse areas; Fully fenced site with an on‑site canopy; Air conditioning in the office area
