Restaurant Ready with Exhaust
For Sale
Contact for pricing
1201 Columbus St, Bakersfield, CA 93305
Remodeled restaurant space with motivated landlord and concessions available.
Property Size3,950 SF
Price / SF$113.92
Days on Market214
Property Features for 1201 Columbus St
General Information
Standard status
Active
Size
3,950 SF
Property subtype
Retail
Building Details
Buildings
1
Stories
1
Listing Agency:
Jobah's Commercial
(661) 834-3997
Listed By:
Abdul Jobah, CCIM · License #CA 02213635
Source:
Crexi
Added: Jan 27
Changed: Aug 28
Last Checked: Aug 29 at 12:36AM
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 Jobah's Commercial
Investment Insights
Based on property information with market context.
This building is equipped with a 10ft exhaust hood and fire suppression system, making it ready for restaurant operations. The building was remodeled as of January 2026. The landlord is offering concessions, including tenant improvement allowances and a concession on the first six months of rent. This could be the start of a very profitable venture. The property is 3950 square feet.
Key Highlights
- Turnkey space ready for a thriving restaurant business.
- 10ft exhaust hood with fire suppression system READY TO OPERATE for a restaurant.
- Landlord is highly motivated and offering significant concessions (tenant improvement allowances and rent concession for the first six months).
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
$40,527
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
9.01%
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%
$810,540
$810.5K
Cap Rate 7%
$578,957
$579.0K
Cap Rate 9%
$450,300
$450.3K
Market Conditions
NOI Build-Up for 3,950 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
$56.9K $14.40/SF
− Vacancy
−$2.8K −$0.72/SF
EGI
$54.0K $13.68/SF
− OpEx
−$13.5K −$3.42/SF
NOI
$40.5K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /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%
$810,540
Cap Rate 7%
$578,957
Cap Rate 9%
$450,300
Alternative Uses
Best Use
Specialty Retail
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.2K – $1.22M
NOI $73,375 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 23%
Dining 22%
Home Improvements & Furnishings 20%
Foods Co
Groceries
52,229 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
31,365 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
24,820 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,630 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,917 visits/mo
0.4 miles
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 Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Contreras Catering — 606 Columbus St A, Bakersfield, CA 93305
Frequently Asked Questions
What type of property is this?
Restaurant - Remodeled restaurant space with motivated landlord and concessions available.
Where is this restaurant located?
The property is located at 1201 Columbus St Bakersfield, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turnkey space ready for a thriving restaurant business.; 10ft exhaust hood with fire suppression system READY TO OPERATE for a restaurant.; Landlord is highly motivated and offering significant concessions (tenant improvement allowances and rent concession for the first six months).
