Listing Agency: Coldwell Banker Preferred, REALTORS i***@cbbakersfield.com Show Phone

Listed By: Maria Pandura Show Phone

Source: Exprealty

Added: Oct 22 Changed: Oct 31 Last Checked: Nov 1 at 10:31AM

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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 Coldwell Banker Preferred, REALTORS

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This grocery and convenience property has cooking vents, a sink, refrigerated coolers, interior storage, and a restroom. It previously operated as a meat market and includes assigned parking on a corner lot.

A school is across the street, and freeway access is nearby.

Key Highlights

• Cooking vents, sink, and refrigerated coolers
• Interior storage and restroom
• Assigned parking on a corner lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,634

Cap Rate

4.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$312,680 $312.7K

Cap Rate 7%

$223,343 $223.3K

Cap Rate 9%

$173,711 $173.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,414 SF

Gross rent

$22.1K $15.60/SF

− Vacancy

−$1.2K −$0.86/SF

EGI

$20.8K $14.74/SF

− OpEx

−$5.2K −$3.69/SF

NOI

$15.6K $11.06/SF

Area

Kern County, CA

Vacancy

5.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$312,680

Cap Rate 7%

$223,343

Cap Rate 9%

$173,711

Alternative Uses

Best Use

Specialty Retail

$223.3K

$195.4K – $260.6K (±1% cap)

NOI $15,634 @ 7.0% cap · market cap 4.47%

Second Best

Retail

$199.6K

$174.6K – $232.9K (±1% cap)

NOI $13,971 @ 7.0% cap · market cap 3.99%

Theoretical Best

Warehouse

$302.1K

$264.3K – $352.4K (±1% cap)

NOI $21,145 @ 7.0% cap · market cap 6.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Carniceria El Mercadito ... Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,199

Businesses Nearby

200k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 57% Dining 23% Groceries 17% Apparel 3%

Vallarta Supermarket Groceries

33,416 visits/mo 0.5 miles

Fastrip Shops & Services

28,639 visits/mo 0.4 miles

Carl's Jr. Dining

28,045 visits/mo 0.4 miles

Starbucks Dining

16,364 visits/mo 0.5 miles

ARCO Shops & Services

15,136 visits/mo 0.5 miles

Demographics for 93215, CA

53,626

Population

13,207

Households

4.1

Avg Household Size

32

Median Age

8%

College-Educated

62%

High-School Grad

145.5 sq mi

ZIP Area

369

Density / Sq Mi

$61,329

Median Household Income

$26,998

Median Earnings

$1,085

Median Rent

$271,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The interior includes storage and a restroom, with assigned parking for customers or staff.

Where is this grocery and convenience store located?

The property is located at 1132 Dover St Delano, CA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Cooking vents, sink, and refrigerated coolers; Interior storage and restroom; Assigned parking on a corner lot