Bakersfield Industrial Office/Warehouse
For Sale
$780,000
1931 V St, Bakersfield, CA 93301
Centrally located industrial office/warehouse in Downtown Bakersfield with highway access.
Property Size6,000 SF
Lot Size0.29 Acres
Price / SF$130
Days on Market105
Property Features for 1931 V St
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.29 Acres
Property subtype
Industrial
Listing Agency:
Bakersfield
(661) 631-3826
Listed By:
Marco Petrini · License #CA Lic. 02167974
(661) 631-3826
Source:
Colliers
Added: May 19
Changed: Aug 21
Last Checked: Aug 30 at 1:07PM
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 Bakersfield
Investment Insights
Based on property information with market context.
Located in Downtown Bakersfield, this industrial office/warehouse property at the corner of V Street and 20th Street offers convenient access to Highway 178 and Union Avenue. Situated within Bakersfield’s central trade area, the property is in close proximity to surrounding amenities. The building has a total area of approximately 6,000 square feet and is situated on approximately 0.29 acres of M-1 (Light Industrial) zoned land. The functional layout includes approximately 5,200 square feet of warehouse space and approximately 800 square feet of office space, with an additional 255 square foot mezzanine. The property is suitable for a range of industrial, storage, distribution, or service-related uses.
Key Highlights
- Centrally located in Downtown Bakersfield with convenient access to Highway 178 and Union Avenue.
- M‑1 (Light Industrial) zoning suitable for a wide range of industrial, storage, distribution, or service‑related uses.
- Approximately 6,000 SF of total building area including 5,200 SF of warehouse space and 800 SF of office 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
$61,261
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
7.85%
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%
$1,225,220
$1.2M
Cap Rate 7%
$875,157
$875.2K
Cap Rate 9%
$680,678
$680.7K
Market Conditions
NOI Build-Up for 6,000 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
$93.6K $15.60/SF
− Vacancy
−$6.1K −$1.01/SF
EGI
$87.5K $14.59/SF
− OpEx
−$26.3K −$4.38/SF
NOI
$61.3K $10.21/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,225,220
Cap Rate 7%
$875,157
Cap Rate 9%
$680,678
Alternative Uses
Best Use
Warehouse
$1.06M
$929.9K – $1.24M
NOI $74,389 @ 7.0% cap · market cap 9.54%
Second Best
Industrial
$875.2K
$765.8K – $1.02M
NOI $61,261 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,456 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Centrally located industrial office/warehouse in Downtown Bakersfield with highway access.
Where is this flex space located?
The property is located at 1931 V St Bakersfield, CA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Centrally located in Downtown Bakersfield with convenient access to Highway 178 and Union Avenue.; M‑1 (Light Industrial) zoning suitable for a wide range of industrial, storage, distribution, or service‑related uses.; Approximately 6,000 SF of total building area including **5,200 SF of warehouse space and 800 SF of office space.**
