Remodeled Bar with Back
For Sale
$265,000
1721 N Chester Avenue, Bakersfield, CA 93308
Offering includes the real estate, bar inventory and fixtures, and a Beer & Wine License (42).
Property Size1,250 SF
Price / SF$212
Days on Market300
Property Features for 1721 N Chester Avenue
General Information
Standard status
Active
Size
1,250 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Office Units
1
Amenities
3
Building Details
Year Built
1939
Year Renovated
2020
Owner Occupied
Yes
Listing Agency:
(661) 586-7266
Listed By:
Cal Pro Real Estate
(661) 586-7266
Source:
Xome
Added: Nov 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:29AM
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 Cal Pro Real Estate
Investment Insights
Based on property information with market context.
This 1,250-square-foot bar property in Bakersfield includes the real estate, bar establishment, inventory, fixtures, and a Beer & Wine License (42). The building dates to 1939 and received remodeling work in 2020, with additional improvements to the rear patio. The patio provides space for BBQ events and live music.
An attached office suite is included next door and may be rented separately. The property is located at 1721 N Chester Avenue in Bakersfield, California.
An attached office suite is included next door and may be rented separately. The property is located at 1721 N Chester Avenue in Bakersfield, California.
Key Highlights
- 1,250‑square‑foot bar property at 1721 N Chester Avenue
- Real estate offered with the bar establishment, inventory, and fixtures
- Beer & Wine License (42) included
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
$12,825
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
4.84%
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%
$256,500
$256.5K
Cap Rate 7%
$183,214
$183.2K
Cap Rate 9%
$142,500
$142.5K
Market Conditions
NOI Build-Up for 1,250 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
$18.0K $14.40/SF
− Vacancy
−$900 −$0.72/SF
EGI
$17.1K $13.68/SF
− OpEx
−$4.3K −$3.42/SF
NOI
$12.8K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$256,500
Cap Rate 7%
$183,214
Cap Rate 9%
$142,500
Alternative Uses
Best Use
Specialty Retail
$183.2K
$160.3K – $213.8K
NOI $12,825 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
66k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
Dollar General
Shops & Services
20,609 visits/mo
0.3 miles
Taco Bell
Dining
18,264 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,414 visits/mo
0.4 miles
Wendy's
Dining
7,597 visits/mo
0.5 miles
AutoZone
Shops & Services
4,179 visits/mo
0.4 miles
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Trap — 1914 N Chester Ave, Bakersfield, CA 93308
- Andy's Place — 912 1/2 Highmoor Ave, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Bar & Pub - Offering includes the real estate, bar inventory and fixtures, and a Beer & Wine License (42).
Where is this bar & pub located?
The property is located at 1721 N Chester Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,250‑square‑foot bar property at 1721 N Chester Avenue; Real estate offered with the bar establishment, inventory, and fixtures; Beer & Wine License (42) included
