Mixed-Use Property With
For Sale
$349,900
1302 E 19th St, Bakersfield, CA 93305
Two-building property with street-facing retail exposure and a separate rear structure suitable for business or residential use.
Property Size2,267 SF
Price / SF$154.34
Days on Market42
Property Features for 1302 E 19th St
General Information
Standard status
Active
Size
2,267 SF
Property subtype
Residential Income
Zoning
M-1
Net Operating Income
$33,000
Financials
Cap Rate
9%
Gross Income
$36,000
Amenities
bomb shelter
Building Details
Buildings
2
Listing Agency:
Epique Realty
(661) 204-0159
Listed By:
Debra McTaggart · License #02215280
(661) 204-0159
Source:
Exprealty
Added: Jun 28
Changed: Aug 7
Last Checked: Aug 7 at 2:23AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This mixed-use property at 1302 E 19th St in Bakersfield includes two separate buildings on an oversized M-1-zoned lot. The front structure provides a storefront presence along Truxtun, while the rear building creates additional space for business operations, residential use, or a live-work arrangement. A solidly built bomb shelter is also located on the property and may support wine storage or a private tasting room.
The M-1 designation is identified for uses including an electrical contracting business, cabinet shop, engineering office, law firm, restaurant, or wine-tasting operation. The property requires some repair work, with distinctive architecture and existing improvements that support an owner-user, live-work, or multi-building configuration.
The M-1 designation is identified for uses including an electrical contracting business, cabinet shop, engineering office, law firm, restaurant, or wine-tasting operation. The property requires some repair work, with distinctive architecture and existing improvements that support an owner-user, live-work, or multi-building configuration.
Key Highlights
- Two separate buildings occupy one oversized M‑1‑zoned lot
- Approximately 845 sq ft front building with frontage on Truxtun
- Rear structure measures 2, 200+ sq ft
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
$29,992
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
8.57%
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%
$599,840
$599.8K
Cap Rate 7%
$428,457
$428.5K
Cap Rate 9%
$333,244
$333.2K
Market Conditions
NOI Build-Up for 2,267 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
$47.6K $21.00/SF
− Vacancy
−$7.6K −$3.36/SF
EGI
$40.0K $17.64/SF
− OpEx
−$10.0K −$4.41/SF
NOI
$30.0K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /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%
$599,840
Cap Rate 7%
$428,457
Cap Rate 9%
$333,244
Alternative Uses
Best Use
Office B
$428.5K
$374.9K – $499.9K
NOI $29,992 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$406.6K
$355.8K – $474.4K
NOI $28,462 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$601.6K
$526.4K – $701.9K
NOI $42,112 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building property with street-facing retail exposure and a separate rear structure suitable for business or residential use.
Where is this mixed-use property located?
The property is located at 1302 E 19th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two separate buildings occupy one oversized M‑1‑zoned lot; Approximately 845 sq ft front building with frontage on Truxtun; Rear structure measures 2, 200+ sq ft
