Improved Apartment
For Sale
Contact for pricing
16026 K St, Mojave, CA 93501
Apartment property with recent roof, air-conditioning, flooring, and plumbing improvements.
Property Size5,824 SF
Price / SF$145.78
Days on Market232
Property Features for 16026 K St
General Information
Standard status
Active
Size
5,824 SF
Property subtype
Multifamily
Zoning
Assessor
Building Details
Buildings
1
Units
8
Listing Agency:
TOPSKY REALTY
Listed By:
Tina Lai · License #01855640
Source:
Crexi
Added: Jan 10
Changed: Aug 29
Last Checked: Aug 29 at 1:07PM
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 TOPSKY REALTY
Investment Insights
Based on property information with market context.
This apartment building contains approximately 5,824 square feet of living space, configured with 16 bedrooms and 8 bathrooms. Capital improvements include a replaced roof, upgraded air-conditioning systems, new flooring, and plumbing repairs.
The property is situated in the Mojave area, with access to major roadways and local services. The surrounding employment base includes aerospace, renewable energy, logistics, transportation, and industrial development. Zoning is identified as Assessor.
The property is situated in the Mojave area, with access to major roadways and local services. The surrounding employment base includes aerospace, renewable energy, logistics, transportation, and industrial development. Zoning is identified as Assessor.
Key Highlights
- Approximately 5,824 square feet of living space
- 16 bedrooms and 8 bathrooms
- Roof replacement completed
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
$67,093
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
7.90%
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%
$1,341,860
$1.3M
Cap Rate 7%
$958,471
$958.5K
Cap Rate 9%
$745,478
$745.5K
Market Conditions
NOI Build-Up for 5,824 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
$125.8K $21.60/SF
− Vacancy
−$3.8K −$0.65/SF
EGI
$122.0K $20.95/SF
− OpEx
−$54.9K −$9.43/SF
NOI
$67.1K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
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%
$1,341,860
Cap Rate 7%
$958,471
Cap Rate 9%
$745,478
Alternative Uses
Best Use
Apartment 5plus
$958.5K
$838.7K – $1.12M
NOI $67,093 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,092 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 93501, CA
5,772
Population
2,416
Households
2.4
Avg Household Size
35
Median Age
7%
College-Educated
74%
High-School Grad
222.0 sq mi
ZIP Area
26
Density / Sq Mi
$55,372
Median Household Income
$37,500
Median Earnings
$1,175
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with recent roof, air-conditioning, flooring, and plumbing improvements.
Where is this apartment building located?
The property is located at 16026 K St Mojave, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 5,824 square feet of living space; 16 bedrooms and 8 bathrooms; Roof replacement completed
