Mixed-Use Property
1440 2nd, Bakersfield, CA 93304
For Sale
$1,500,000
Four commercial properties are offered together under common ownership in Bakersfield, California.
Property Size7,340 SF
Price / SF$204.36
Days on Market94
Property Features for 1440 2nd
General Information
Standard status
Size
Additional Details
Highway Access
Listing Agency:
Coldwell Banker Platinum Prop
(949) 552-0505
Listed By:
Lynn Wong · License #01452331
(714) 414-8809
Source:
Realtyrightchoice
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 5:46AM
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 Coldwell Banker Platinum Prop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This portfolio combines four commercial properties under common ownership: 200 Chester Ave, 208 Chester Ave, 216 Chester Ave, and 1440 2nd St. The holdings include commercial acreage, mixed-use commercial space, retail, and automotive service uses, with approximately 7,340 SF of improvements on over 32,000 SF of land.
The properties are near Downtown Bakersfield, with access to Highway 99 and major commercial corridors. The surrounding area is served by walkable amenities and public transit, reflected in a walk score of 83, a bike score of 58, and a transit score of 42. The portfolio properties are offered together, and the available property information identifies 1959 as the year built.
The properties are near Downtown Bakersfield, with access to Highway 99 and major commercial corridors. The surrounding area is served by walkable amenities and public transit, reflected in a walk score of 83, a bike score of 58, and a transit score of 42. The portfolio properties are offered together, and the available property information identifies 1959 as the year built.
Key Highlights
- Four‑property portfolio under common ownership
- Approximately 7,340 SF of improvements on over 32,000 SF of land
- Includes 200 Chester Ave, 208 Chester Ave, 216 Chester Ave, and 1440 2nd St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,154
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,080
$1.8M
Cap Rate 7%
$1,316,486
$1.3M
Cap Rate 9%
$1,023,933
$1.0M
Market Conditions
NOI Build-Up for 7,340 SF
Gross rent
$158.5K $21.60/SF
− Vacancy
−$11.1K −$1.51/SF
EGI
$147.4K $20.09/SF
− OpEx
−$55.3K −$7.53/SF
NOI
$92.2K $12.56/SF
Area
Bakersfield, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,843,080
Cap Rate 7%
$1,316,486
Cap Rate 9%
$1,023,933
Alternative Uses
Best Use
Mixed Use
$1.32M
$1.15M – $1.54M
NOI $92,154 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$1.07M
$936.8K – $1.25M
NOI $74,943 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,348 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
180k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 25%
Groceries 21%
Apparel 5%
Albertsons
Groceries
38,300 visits/mo
0.1 miles
McDonald's
Dining
35,372 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
18,578 visits/mo
0.3 miles
ARCO
Shops & Services
14,050 visits/mo
0.3 miles
Panda Express
Dining
13,299 visits/mo
0.2 miles
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Bakersfield, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial properties are offered together under common ownership in Bakersfield, California.
Where is this mixed-use property located?
The property is located at 1440 2nd Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four‑property portfolio under common ownership; Approximately 7,340 SF of improvements on over 32,000 SF of land; Includes 200 Chester Ave, 208 Chester Ave, 216 Chester Ave, and 1440 2nd St
