Office Property with Truck
For Sale
$2,000,000
1270 E Riverside Street, Shafter, CA 93263
General commercial zoning, on-site electricity, two wells, and an additional smaller building support varied commercial operations.
Property Size12,891 SF
Price / SF$155.15
Days on Market344
Property Features for 1270 E Riverside Street
General Information
Standard status
Active
Size
12,891 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1963
Listing Agency:
Watson Realty
(661) 204-3924
Listed By:
Davina Norried
(661) 204-3924
Source:
Xome
Added: Sep 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:52PM
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 Watson Realty
Investment Insights
Based on property information with market context.
This office property occupies 11.7 acres and includes a 12,891-square-foot office building that was undergoing remodeling. The improvements include a smaller secondary building, while an approximately 70-foot truck scale is positioned next to the office. Finishing work remains for the office and associated shop doors.
The property is located at 1270 E Riverside Street in Shafter, California, near Santa Fe Way. General commercial (GC) zoning applies, with electricity available on site. Water resources include one agricultural well and one domestic well. The office building dates to 1963.
The property is located at 1270 E Riverside Street in Shafter, California, near Santa Fe Way. General commercial (GC) zoning applies, with electricity available on site. Water resources include one agricultural well and one domestic well. The office building dates to 1963.
Key Highlights
- 11.7‑acre office property in Shafter, CA
- General commercial (GC) zoning
- 12,891‑square‑foot office building undergoing remodeling
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
$148,124
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
7.41%
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%
$2,962,480
$3.0M
Cap Rate 7%
$2,116,057
$2.1M
Cap Rate 9%
$1,645,822
$1.6M
Market Conditions
NOI Build-Up for 12,891 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
$224.3K $17.40/SF
− Vacancy
−$26.8K −$2.08/SF
EGI
$197.5K $15.32/SF
− OpEx
−$49.4K −$3.83/SF
NOI
$148.1K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /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%
$2,962,480
Cap Rate 7%
$2,116,057
Cap Rate 9%
$1,645,822
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,124 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,772 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 93263, CA
22,341
Population
6,489
Households
3.4
Avg Household Size
29
Median Age
11%
College-Educated
72%
High-School Grad
92.2 sq mi
ZIP Area
242
Density / Sq Mi
$66,774
Median Household Income
$32,973
Median Earnings
$1,182
Median Rent
$301,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - General commercial zoning, on-site electricity, two wells, and an additional smaller building support varied commercial operations.
Where is this office building located?
The property is located at 1270 E Riverside Street Shafter, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11.7‑acre office property in Shafter, CA; General commercial (GC) zoning; 12,891‑square‑foot office building undergoing remodeling
