Bakersfield Commercial Property For
For Sale
$385,000
1893 Flower, Bakersfield, CA 93305
Two-building commercial property with diverse potential uses in Bakersfield, CA.
Property Size1,892 SF
Price / SF$203.49
Days on Market149
Property Features for 1893 Flower
General Information
Standard status
Active
Size
1,892 SF
Listing Agency:
D Best Realty Inc
Listed By:
Ernesto Osuna · License #02027338
(661) 606-4259
Source:
Myfabuloushome
Added: Apr 15
Changed: Sep 8
Last Checked: Sep 9 at 11:01PM
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 D Best Realty Inc
Investment Insights
Based on property information with market context.
Located at 1893 Flower St in Bakersfield, this commercial property offers flexibility for an owner-user or investor. Subject to zoning, the property presents potential for a variety of uses and may be suitable for a business owner looking to occupy while building long-term equity. The property consists of two separate buildings: 1893 Flower St and 1893 1/2 Flower St. The main building is a two-story structure previously used as a real estate office and mini market. The downstairs features a rounded layout with a kitchenette, single bathroom, and dual entry access. The upstairs includes a large open area with a ceiling fan, a full bathroom, an additional half bathroom, and office space. The second building, 1893 1/2 Flower St, is a single-level structure previously operated as a barbershop and includes two half bathrooms. Parking for the two-story building is located at the rear of the property, while the single-level building offers front parking access. The bike score is 44, indicating it is somewhat bikeable, the walk score is 64, indicating it is somewhat walkable, and the transit score is 39, indicating some transit options are available.
Key Highlights
- Two separate buildings offer flexibility for owner‑user or investor.
- Potential for a variety of uses, subject to zoning.
- Main building is a two‑story structure with dual entry access, kitchenette, and multiple bathrooms.
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
$18,118
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
4.71%
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%
$362,360
$362.4K
Cap Rate 7%
$258,829
$258.8K
Cap Rate 9%
$201,311
$201.3K
Market Conditions
NOI Build-Up for 1,892 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
$27.2K $14.40/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$25.9K $13.68/SF
− OpEx
−$7.8K −$4.10/SF
NOI
$18.1K $9.58/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /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%
$362,360
Cap Rate 7%
$258,829
Cap Rate 9%
$201,311
Alternative Uses
Best Use
Retail
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.1K
$439.3K – $585.8K
NOI $35,146 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Fastrip
Shops & Services
37,510 visits/mo
0.5 miles
Dollar General
Shops & Services
9,287 visits/mo
0.3 miles
Watermill Express
Shops & Services
2,886 visits/mo
0.4 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building commercial property with diverse potential uses in Bakersfield, CA.
Where is this retail space located?
The property is located at 1893 Flower Bakersfield, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two separate buildings offer flexibility for owner‑user or investor.; Potential for a variety of uses, subject to zoning.; Main building is a **two‑story structure with dual entry access, kitchenette, and multiple bathrooms.**
