Two-Building Live-Work
For Sale
Contact for pricing
1302 East 19th Street, Bakersfield, CA 93305
Two separate buildings with Truxton frontage, including an on-site bomb shelter, offered for sale with interior TLC needed.
Property Size3,012 SF
Price / SF$105.58
Days on Market67
Property Features for 1302 East 19th Street
General Information
Standard status
Active
Size
3,012 SF
Property subtype
Retail, Industrial, Mixed Use
Zoning
M-1
Additional Details
Cap Rate
9%
Road Access
Yes
Building Details
Year Built
1926
Tenancy
Multi
Listing Agency:
Epique Realty
Listed By:
Debra McTaggart · License #02215280
(661) 204-0159
Source:
Crexi
Added: Jul 2
Changed: Sep 2
Last Checked: Sep 2 at 8:36AM
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 for-sale live-work property consists of two separate buildings, with frontage on Truxton. The site includes an on-site bomb shelter, which may support a variety of back-of-house or specialty storage uses depending on how the space is ultimately improved. The property is described as needing a little TLC, with condition reflected in the asking price.
The buildings offer the flexibility to operate from one structure while using the other in a complementary way, making it suitable for owner-users who want space for multiple functions under one ownership. Buyers should plan for updates and confirm their intended use for the bomb shelter and the overall improvements during due diligence.
The sale is positioned for cash or hard money buyers, and pro forma references are noted in the remarks.
The buildings offer the flexibility to operate from one structure while using the other in a complementary way, making it suitable for owner-users who want space for multiple functions under one ownership. Buyers should plan for updates and confirm their intended use for the bomb shelter and the overall improvements during due diligence.
The sale is positioned for cash or hard money buyers, and pro forma references are noted in the remarks.
Key Highlights
- Two separate buildings with frontage on Truxton
- On‑site bomb shelter included in one of the buildings
- Year built: 1926
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
$28,404
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
8.93%
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%
$568,080
$568.1K
Cap Rate 7%
$405,771
$405.8K
Cap Rate 9%
$315,600
$315.6K
Market Conditions
NOI Build-Up for 3,012 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
$47.0K $15.60/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$43.7K $14.51/SF
− OpEx
−$15.3K −$5.08/SF
NOI
$28.4K $9.43/SF
Area
Bakersfield, CA
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$568,080
Cap Rate 7%
$405,771
Cap Rate 9%
$315,600
Alternative Uses
Best Use
Office B
$569.3K
$498.1K – $664.2K
NOI $39,849 @ 7.0% cap · market cap 12.53%
Second Best
Mixed Use
$540.2K
$472.7K – $630.3K
NOI $37,816 @ 7.0% cap · market cap 11.89%
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,951 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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?
Live-work space - Two separate buildings with Truxton frontage, including an on-site bomb shelter, offered for sale with interior TLC needed.
Where is this live-work space located?
The property is located at 1302 East 19th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Two separate buildings with frontage on Truxton; On‑site bomb shelter included in one of the buildings; Year built: 1926
