12-Unit Motel with
For Sale
$1,400,000
1639 S Union Ave, Bakersfield, CA 93307
Motel property combining guest rooms, on-site living quarters, a rear duplex, and additional land in one offering.
Property Size3,954 SF
Lot Size1.17 Acres
Price / SF$354.07
Days on Market12
Property Features for 1639 S Union Ave
General Information
Standard status
Active
Size
3,954 SF
Lot size
1.17 Acres
Additional Details
Road Access
Yes
Land Use
commercial, residential, vacant
Amenities
duplex
Listing Agency:
KW Kern
(661) 821-5567
Listed By:
Ken Austin · License #01461427
(661) 549-7877
Source:
Exprealty
Added: Sep 11
Changed: Sep 21
Last Checked: Sep 21 at 2:47PM
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 KW Kern
Investment Insights
Based on property information with market context.
The property at 1639 S Union Ave combines a 12-unit motel with on-site manager or owner living quarters, a separate duplex positioned at the rear, and vacant land. The configuration brings lodging, residential space, and additional ground together across one property, supporting multiple existing income components.
The offering spans 3 APN parcels with a total lot size of 50,964. The motel and duplex are located in Bakersfield, California, while the vacant portion provides additional land within the assembled property. Buyers should verify zoning and permitted uses with the city.
The offering spans 3 APN parcels with a total lot size of 50,964. The motel and duplex are located in Bakersfield, California, while the vacant portion provides additional land within the assembled property. Buyers should verify zoning and permitted uses with the city.
Key Highlights
- 12‑unit motel at 1639 S Union Ave, Bakersfield, CA
- On‑site manager or owner living quarters
- Separate duplex at the rear of the property
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
$50,309
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
3.59%
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%
$1,006,180
$1.0M
Cap Rate 7%
$718,700
$718.7K
Cap Rate 9%
$558,989
$559.0K
Market Conditions
NOI Build-Up for 3,954 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
$76.9K $19.44/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$71.9K $18.18/SF
− OpEx
−$21.6K −$5.45/SF
NOI
$50.3K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
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%
$1,006,180
Cap Rate 7%
$718,700
Cap Rate 9%
$558,989
Alternative Uses
Best Use
Multifamily LT 5
$718.7K
$628.9K – $838.5K
NOI $50,309 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$646.2K
$565.4K – $753.9K
NOI $45,232 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$977.0K
$854.9K – $1.14M
NOI $68,390 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Similar Off Market Nearby
- South Union Motel — 1639 S Union Ave, Bakersfield, CA 93307
- Globe Motel — 1701 S Union Ave, Bakersfield, CA 93307
- Hotel — 1010 Lawson Rd, Bakersfield, CA 93307
- Country Inn Motel — 1010 S Union Ave, Bakersfield, CA 93307
- Super 8 by Wyndham Bakersfield Ca — 1219 S Union Ave, Bakersfield, CA 93307
Frequently Asked Questions
What type of property is this?
Motel - Motel property combining guest rooms, on-site living quarters, a rear duplex, and additional land in one offering.
Where is this motel located?
The property is located at 1639 S Union Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12‑unit motel at 1639 S Union Ave, Bakersfield, CA; On‑site manager or owner living quarters; Separate duplex at the rear of the property
