Clear-Span Flex Industrial
For Sale
Contact for pricing
1135 W Columbus St, Bakersfield, CA 93301
Upgraded office space and a clear-span industrial layout with fenced yard and covered awning outdoor area.
Property Size6,250 SF
Price / SF$192
Days on Market182
Property Features for 1135 W Columbus St
General Information
Standard status
Active
Size
6,250 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
1
Heavy Power
Yes
Amenities
covered awning outdoor space
building signage
Listing Agency:
KW Commercial
(909) 980-6868
Listed By:
Rene Ramos, Jr. · License #01836872
Source:
Moodyscre
Added: Mar 19
Changed: Sep 5
Last Checked: Sep 15 at 5:31AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This free-standing clear-span building includes approximately 2,500 square feet of upgraded offices. The industrial portion offers 21’ clear height and a fenced yard with covered awning outdoor space. The building is configured with one ground level door measuring 12’ x 14’ and includes on-site electrical service listed at 400 Amps, 480 volts, and 3-phase power (verify).
Building signage is noted along W. Columbus Ave, providing visibility for the property.
The combination of office upgrades, clear height, and outdoor fenced area makes the space well suited for operations that benefit from both administrative space and functional yard/outdoor storage.
Building signage is noted along W. Columbus Ave, providing visibility for the property.
The combination of office upgrades, clear height, and outdoor fenced area makes the space well suited for operations that benefit from both administrative space and functional yard/outdoor storage.
Key Highlights
- Free‑standing building with 2,500 SF upgraded office space
- Clear‑span building with 21’ clear height
- Fenced yard with covered awning outdoor space
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
$82,688
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
6.89%
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%
$1,653,760
$1.7M
Cap Rate 7%
$1,181,257
$1.2M
Cap Rate 9%
$918,756
$918.8K
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
$131.3K $21.00/SF
− Vacancy
−$21.0K −$3.36/SF
EGI
$110.3K $17.64/SF
− OpEx
−$27.6K −$4.41/SF
NOI
$82.7K $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%
$1,653,760
Cap Rate 7%
$1,181,257
Cap Rate 9%
$918,756
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,688 @ 7.0% cap · market cap 6.89%
Second Best
Industrial
$911.6K
$797.7K – $1.06M
NOI $63,814 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,100 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
535
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Contreras Catering — 606 Columbus St A, Bakersfield, CA 93305
Frequently Asked Questions
What type of property is this?
Flex space - Upgraded office space and a clear-span industrial layout with fenced yard and covered awning outdoor area.
Where is this flex space located?
The property is located at 1135 W Columbus St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Free‑standing building with 2,500 SF upgraded office space; Clear‑span building with 21’ clear height; Fenced yard with covered awning outdoor space
