Flex Space with Dual
For Sale
$1,400,000
17905 Highway 58, Bakersfield, CA 93314
M-1 PD-zoned property with office, restroom, power, parking, and secured perimeter improvements.
Property Size7,000 SF
Lot Size2.06 Acres
Price / SF$200
Days on Market107
Property Features for 17905 Highway 58
General Information
Standard status
Active
Size
7,000 SF
Lot size
2.06 Acres
Property subtype
Industrial
Zoning
M-1 PD
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
400 amps
Three-Phase Power
Yes
Amenities
3
Building Details
Year Built
2018
Buildings
2
Construction
metal
Listing Agency:
(661) 578-0234
Listed By:
Miramar International Calloway
(661) 578-0234
Source:
Xome
Added: Apr 26
Changed: Aug 9
Last Checked: Aug 9 at 12:52PM
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 Miramar International Calloway
Investment Insights
Based on property information with market context.
This flex property at 17905 Highway 58 comprises two metal buildings totaling 7,000 square feet on approximately 2.06 gross acres. The larger 5,000-square-foot building contains office space, two restrooms, and a dedicated electrical meter. A separate 2,000-square-foot building adds one restroom and an independent meter, creating a two-building configuration for flexible occupancy or owner use.
Site improvements include a concrete parking area along the front and block wall fencing around the property. Electrical service includes 400-amp, 3-phase power. A 600-foot-deep water well installed in 2024 serves both parcels, with the well positioned on Parcel B. The property is zoned M-1 PD and was built in 2018.
Site improvements include a concrete parking area along the front and block wall fencing around the property. Electrical service includes 400-amp, 3-phase power. A 600-foot-deep water well installed in 2024 serves both parcels, with the well positioned on Parcel B. The property is zoned M-1 PD and was built in 2018.
Key Highlights
- Approximately 2.06 gross acres zoned M‑1 PD
- Two metal buildings totaling 7,000 square feet
- 5,000‑square‑foot building with office space and two restrooms
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
$92,610
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
6.62%
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%
$1,852,200
$1.9M
Cap Rate 7%
$1,323,000
$1.3M
Cap Rate 9%
$1,029,000
$1.0M
Market Conditions
NOI Build-Up for 7,000 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
$147.0K $21.00/SF
− Vacancy
−$23.5K −$3.36/SF
EGI
$123.5K $17.64/SF
− OpEx
−$30.9K −$4.41/SF
NOI
$92.6K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /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%
$1,852,200
Cap Rate 7%
$1,323,000
Cap Rate 9%
$1,029,000
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,610 @ 7.0% cap · market cap 6.62%
Second Best
Industrial
$1.02M
$893.4K – $1.19M
NOI $71,471 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93314, CA
33,619
Population
11,393
Households
3
Avg Household Size
36
Median Age
36%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
378
Density / Sq Mi
$127,911
Median Household Income
$64,155
Median Earnings
$1,909
Median Rent
$506,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M-1 PD-zoned property with office, restroom, power, parking, and secured perimeter improvements.
Where is this flex space located?
The property is located at 17905 Highway 58 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: Approximately 2.06 gross acres zoned M‑1 PD; Two metal buildings totaling 7,000 square feet; 5,000‑square‑foot building with office space and two restrooms
