Conventional Restaurant
For Sale
$650,000
1207 Columbus Street, Bakersfield, CA 93305
Commercial Sale, Bakersfield, CA
Property Size4,650 SF
Lot Size0.30 Acres
Price / SF$139.78
Days on Market93
Property Features for 1207 Columbus Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1 Zoning allows many different busines .
Subdivision
31
Standard status
Active
APN
12603125
Size
4,650 SF
Lot size
0.30 Acres
Building Details
Year built
1975
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
William A Chicas · License #01815714
(661) 912-5778
Added: May 24
Changed: Aug 19
Last Checked: Aug 24 at 4:06PM
MLS# 202603460
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 4,650-square-foot building on a 0.3-acre parcel. Built in 1975, the space is positioned for continued restaurant operations or a refreshed concept, subject to the buyer’s plans and applicable requirements.
The property is located at 1207 Columbus Street in Bakersfield, California, with a 93305 ZIP Code. Its existing restaurant configuration provides a foundation for maintaining the current concept or introducing a different food-service direction.
The property is located at 1207 Columbus Street in Bakersfield, California, with a 93305 ZIP Code. Its existing restaurant configuration provides a foundation for maintaining the current concept or introducing a different food-service direction.
Key Highlights
- 4,650‑square‑foot restaurant building
- 0.3‑acre parcel
- Built in 1975
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
$47,709
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
7.34%
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%
$954,180
$954.2K
Cap Rate 7%
$681,557
$681.6K
Cap Rate 9%
$530,100
$530.1K
Market Conditions
NOI Build-Up for 4,650 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
$67.0K $14.40/SF
− Vacancy
−$3.3K −$0.72/SF
EGI
$63.6K $13.68/SF
− OpEx
−$15.9K −$3.42/SF
NOI
$47.7K $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%
$954,180
Cap Rate 7%
$681,557
Cap Rate 9%
$530,100
Alternative Uses
Best Use
Specialty Retail
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,378 @ 7.0% cap · market cap 13.29%
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant property with a spacious layout for continued food-service use.
Where is this conventional restaurant located?
The property is located at 1207 Columbus Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,650‑square‑foot restaurant building; 0.3‑acre parcel; Built in 1975
