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    Bakersfield Industrial Building For Sale Title is generated by Realmo AI

    2216 N St, Bakersfield, CA 93301

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    For Sale
    $850,000

    Retail used industrial building with office and warehouse space.

    Type:Vacant-User
    Property size:
    5,100 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $166/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 2216 N St

    General Information

    Standard status
    Active
    Size
    5,100 SF
    Lot size
    0.21 Acres
    Property subtype
    Vacant-User

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Bruce Barnhard
    Bruce Barnhard

    Listing agent Bruce Barnhard License #License(s): CA: 01866265

    Listing office Marcus & Millichap | Bakersfield

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Marcus & Millichap | Bakersfield

    HighLights

    • High‑visibility location at the corner of N & 23rd Streets, centrally located in Bakersfield with easy access to Highway 178.
    • 5,100sf industrial metal building with (2) bays, restroom, and office space on a 9,133sf lot.
    • Fully fenced site with wrought iron fence and rolling gate, providing secure ingress/egress.
    • Suitable for investment or owner/operator, offering rare availability in the market.
    • Potential for Owner Carry Finance option for qualified buyers with a significant down payment.
    • Ideal for a Tire Shop or similar retail‑used industrial business.

    Overview

    This retail used industrial building is available for sale. Located at 2216 N Street, Bakersfield, CA 93301, the property features a two-bay industrial metal building that includes a restroom and office. The total office and warehouse space is approximately 5,100 square feet, situated on a 9,133-square-foot lot. The site is fully fenced with a wrought iron fence and rolling gate, providing access from the corner of N and 23rd Streets. The property is easily accessible to Highway 178 off Union Avenue, centrally located in Bakersfield, and offers high visibility from all directions. This property presents an investment or owner/operator opportunity. The owner may be receptive to providing financial assistance with an owner-carry finance option for a buyer demonstrating financial strength with a significant down payment. The property is suitable for a tire shop.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $79.6k $15.60
    − Vacancy −$5.2k −$1.01
    EGI $74.4k $14.59
    − OpEx −$11.2k −$2.19
    NOI $63.2k $12.40
    5,100 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $903.3K
    $790.4K – $1.05M (±1% cap)
    NOI $63,230 @ 7.0% cap · market cap 7.44%
    Second Best
    Industrial
    $743.9K
    $650.9K – $867.9K (±1% cap)
    NOI $52,072 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $1.35M
    $1.18M – $1.58M (±1% cap)
    NOI $94,738 @ 7.0% cap · market cap 11.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    TOP NOTCH WHEELS ... Car Dealership U-Haul Neighborhood Dealer Car Rental Facility Top Notch Tires ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • US Storage Centers — 111 30th St, Bakersfield, CA 93301
    • Kern Ice & Cold Storage Co — 120 30th St, Bakersfield, CA 93301
    • Instant Storage Bakersfield — Bakersfield, CA 93311
    • Dunbar Brothers Maxi Storage — 1831 Golden State Ave, Bakersfield, CA 93301
    • Sterling Data Storage — 1201 24th St, Bakersfield, CA 93301

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0137248
    Latitude
    35.3797667

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    FAQs

    What type of property is this?
    Warehouse - Retail used industrial building with office and warehouse space.
    Where is this warehouse located?
    The property is located at 2216 N St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: High‑visibility location at the corner of N & 23rd Streets, centrally located in Bakersfield with easy access to Highway 178.; 5,100sf industrial metal building with (2) bays, restroom, and office space on a 9,133sf lot.; Fully fenced site with wrought iron fence and rolling gate, providing secure ingress/egress.
    (661) 546-8521
    We can help!
    Listing Contact
    Bruce Barnhard
    Bruce Barnhard
    Real Estate License ID: License(s): CA: 01866265
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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