Two-Story Vacant Motel
New
For Sale
$400,000
130 Kern Street, Taft, CA 93268
C-2-zoned commercial site with existing lodging improvements and no current occupancy.
Property Size4,181 SF
Price / SF$95.67
Days on Market7
Property Features for 130 Kern Street
General Information
Standard status
Active
Size
4,181 SF
Property subtype
General Commercial
Amenities
12 Parking Spaces.
Rectangular
Rectangular.
Building Details
Year Built
1948
Listing Agency:
(818) 432-1500
Listed By:
Keller Williams Studio City
Source:
Xome
Added: Aug 30
Changed: Sep 4
Last Checked: Sep 4 at 3:18PM
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 Keller Williams Studio City
Investment Insights
Based on property information with market context.
This two-story motel property includes approximately 4,181 square feet of improvements on a 9,583-square-foot rectangular parcel. The asset was built in 1948 and is currently vacant, with 16 former guest rooms and 12 parking spaces. C-2 zoning applies to the site, providing the existing commercial land-use framework for evaluating the property.
Located at 130 Kern Street in Taft, California, the property sits within Taft’s commercial corridor and has access to regional highways serving the surrounding western Kern County market. The improvements and land are offered without an operating business or tenant occupancy, allowing the next owner to assess renovation, repositioning, or redevelopment plans consistent with applicable zoning.
Located at 130 Kern Street in Taft, California, the property sits within Taft’s commercial corridor and has access to regional highways serving the surrounding western Kern County market. The improvements and land are offered without an operating business or tenant occupancy, allowing the next owner to assess renovation, repositioning, or redevelopment plans consistent with applicable zoning.
Key Highlights
- Former 16‑room motel with approximately 4,181 square feet of improvements
- 9,583‑square‑foot C‑2 zoned parcel
- Two‑story property built in 1948
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
$25,321
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
6.33%
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%
$506,420
$506.4K
Cap Rate 7%
$361,729
$361.7K
Cap Rate 9%
$281,344
$281.3K
Market Conditions
NOI Build-Up for 4,181 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
$62.7K $15.00/SF
− Vacancy
−$9.4K −$2.25/SF
EGI
$53.3K $12.75/SF
− OpEx
−$28.0K −$6.69/SF
NOI
$25.3K $6.06/SF
Area
Kern County, CA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
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%
$506,420
Cap Rate 7%
$361,729
Cap Rate 9%
$281,344
Alternative Uses
Best Use
Hotel Hospitality
$361.7K
$316.5K – $422.0K
NOI $25,321 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$893.2K
$781.5K – $1.04M
NOI $62,523 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Best Western Plus Taft Inn — 203 S 6th St, Taft, CA 93268
- Best Western Inn — s 6th st, taft, ca 93268
- Welcome Inn — 130 E Kern St, Taft, CA 93268
- Topper's Motel — 101 E Kern St, Taft, CA 93268
- Sunset Motel — 411 4th St, Taft, CA 93268
Frequently Asked Questions
What type of property is this?
Motel - C-2-zoned commercial site with existing lodging improvements and no current occupancy.
Where is this motel located?
The property is located at 130 Kern Street Taft, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Former 16‑room motel with approximately 4,181 square feet of improvements; 9,583‑square‑foot C‑2 zoned parcel; Two‑story property built in 1948
