Established Coffee Shop
For Sale
$59,000
1815 24th St, Bakersfield, CA 93301
Operating café business featuring coffee, specialty beverages, and baked goods.
Property Size246 SF
Price / SF$239.84
Days on Market100
Property Features for 1815 24th St
General Information
Standard status
Active
Size
246 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Realty One Group Action
(559) 631-3300
Listed By:
Jose Luis Ocampo
(661) 900-3422
Source:
Exprealty
Added: May 25
Changed: Aug 31
Last Checked: Aug 30 at 11:57PM
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 Realty One Group Action
Investment Insights
Based on property information with market context.
This established coffee shop business is offered for sale at 1815 24th St in Bakersfield, California. The operation centers on freshly prepared coffee, specialty beverages, and baked goods, providing a focused café concept for continued operation.
The property information identifies a size of 246 and a transaction type of for sale. No additional physical, lease, equipment, or financial details are provided.
The property information identifies a size of 246 and a transaction type of for sale. No additional physical, lease, equipment, or financial details are provided.
Key Highlights
- Established coffee shop business offered for sale
- Freshly prepared coffee and specialty beverages
- Baked goods included in the product offering
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
$2,524
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
4.28%
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%
$50,480
$50.5K
Cap Rate 7%
$36,057
$36.1K
Cap Rate 9%
$28,044
$28.0K
Market Conditions
NOI Build-Up for 246 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
$3.5K $14.40/SF
− Vacancy
−$177 −$0.72/SF
EGI
$3.4K $13.68/SF
− OpEx
−$841 −$3.42/SF
NOI
$2.5K $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%
$50,480
Cap Rate 7%
$36,057
Cap Rate 9%
$28,044
Alternative Uses
Best Use
Specialty Retail
$36.1K
$31.6K – $42.1K
NOI $2,524 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$65.3K
$57.1K – $76.2K
NOI $4,570 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,317
Businesses Nearby
204k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
McDonald's
Dining
35,524 visits/mo
0.1 miles
Wells Fargo
Shops & Services
20,182 visits/mo
0.3 miles
Mister Car Wash
Shops & Services
19,190 visits/mo
0.2 miles
Starbucks
Dining
17,863 visits/mo
0.3 miles
Chevron
Shops & Services
16,316 visits/mo
0.0 miles
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Operating café business featuring coffee, specialty beverages, and baked goods.
Where is this coffee shop located?
The property is located at 1815 24th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $59,000.
What are key features of this property?
This property features: Established coffee shop business offered for sale; Freshly prepared coffee and specialty beverages; Baked goods included in the product offering
