Building Details

Year Built 1952

Buildings 2

Listing Agency: D***@outlook.com Show Phone

Listed By: Destiny Real Estate Show Phone

Source: Xome

Added: Aug 6 Changed: Aug 28 Last Checked: Aug 29 at 7:08AM

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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 Destiny Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property spans 1.77 acres with full fencing and includes a commercial building at the front of the site. A separate two-bedroom, two-bath manufactured home is positioned toward the rear and features an open living area, bedrooms, and an outdoor deck. The layout also includes separated lots, a dog run, and a newly upgraded well.

Zoned CH (Commercial Highway), the property is located along Highway 178 near Bureau of Land Management property and offers mountain and valley views. The commercial component may support a range of uses subject to county approval, including retail, agricultural supply, storage, office, or an owner-occupied work-and-live arrangement.

Key Highlights

• 1.77‑acre fully fenced mixed‑use property
• Front commercial building with separate 2‑bedroom, 2‑bath manufactured home
• CH (Commercial Highway) zoning, subject to county approval

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

$16,599

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

5.82%

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%

$331,980 $332.0K

Cap Rate 7%

$237,129 $237.1K

Cap Rate 9%

$184,433 $184.4K

Market Conditions

NOI Build-Up for 1,680 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

$25.2K $15.00/SF

− Vacancy

−$1.5K −$0.89/SF

EGI

$23.7K $14.11/SF

− OpEx

−$7.1K −$4.23/SF

NOI

$16.6K $9.88/SF

Area

Kern County, CA

Vacancy

5.90%

Lease Rate

$15.00 /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%

$331,980

Cap Rate 7%

$237,129

Cap Rate 9%

$184,433

Alternative Uses

Best Use

Retail

$237.1K

$207.5K – $276.7K (±1% cap)

NOI $16,599 @ 7.0% cap · market cap 5.82%

Second Best

Mixed Use

$226.8K

$198.5K – $264.6K (±1% cap)

NOI $15,876 @ 7.0% cap · market cap 5.57%

Theoretical Best

Warehouse

$358.9K

$314.0K – $418.7K (±1% cap)

NOI $25,123 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Demographics for 93283, CA

1,880

Population

1,292

Households

1.5

Avg Household Size

53

Median Age

7%

College-Educated

87%

High-School Grad

261.1 sq mi

ZIP Area

7

Density / Sq Mi

$33,100

Median Household Income

$19,620

Median Earnings

$1,007

Median Rent

$143,900

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fenced acreage combines a commercial building with a separate manufactured home and mountain and valley views.

Where is this mixed-use property located?

The property is located at 178 Hwy Weldon, CA.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: 1.77‑acre fully fenced mixed‑use property; Front commercial building with separate 2‑bedroom, 2‑bath manufactured home; CH (Commercial Highway) zoning, subject to county approval