Two-Building Office-Retail
1423 24th St Bakersfield, CA 93301
1423 24th St, Bakersfield, CA, 93301
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For Sale
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Two-building office and retail project totaling approximately 5,345 square feet on the SEC of 24th Street and Chester Avenue.
Property Size5,345 SF
Price / SF$130.03
Days on Market91
Property Features for 1423 24th St
General Information
- Standard status
- Active
- Size
- 5,345 SF
- Property subtype
- Office
Listing agency
Colliers - Bakersfield, California
(559) 256-2449
Listed by
Cameron Mahoney · License #CA 01937802
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 1:55AM Checked: Jul 21 at 1:55AM
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 Colliers - Bakersfield, California
Investment Insights
Based on property information with market context.
This two-building office and retail project is approximately 5,345 square feet total and consists of 1423 24th St in addition to the nearby parcel referenced as 2332 Chester Avenue. The property is positioned on the southeast corner of 24th Street and Chester Avenue.
The SEC corner location provides a convenient retail-and-office configuration within a single offering, combining office space with retail space across two buildings.
The SEC corner location provides a convenient retail-and-office configuration within a single offering, combining office space with retail space across two buildings.
Key Highlights
- Two‑building office and retail project totaling approximately 5,345 SF
- Conveniently located on the SEC of 24th Street and Chester Avenue
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.0k | $14.40 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $73.1k | $13.68 |
| − OpEx | −$21.9k | −$4.10 |
| NOI | $51.2k | $9.58 |
5,345 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.01M
$883.9K – $1.18M
NOI $70,714 @ 7.0% cap · market cap 10.17%
Second Best
Retail
$731.2K
$639.8K – $853.1K
NOI $51,184 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,289 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tom's Barber Shop
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-building office and retail project totaling approximately 5,345 square feet on the SEC of 24th Street and Chester Avenue.
Where is this office building located?
The property is located at 1423 24th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑building office and retail project totaling approximately 5,345 SF; Conveniently located on the SEC of 24th Street and Chester Avenue
