Fully Occupied Office
For Sale
$499,000
20031 W Valley Boulevard, Tehachapi, CA 93561
Commercial Sale, Tehachapi, CA
Property Size3,340 SF
Lot Size0.24 Acres
Price / SF$149.40
Days on Market144
Property Features for 20031 W Valley Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
C-2
Subdivision
County
Standard status
Active
APN
46807113
Size
3,340 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3993
Building Details
Year built
1984
Listing Agency:
Tehachapi Summit Real Estate
(661) 822-8888
Listed By:
Adonae Faris · License #1881511
(310) 775-0786
Added: May 17
Changed: Aug 19
Last Checked: Oct 7 at 6:06AM
MLS# 9994031
Copyright © 2026 Tehachapi Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1984, this 3,340-square-foot office building occupies a 0.24-acre site and is fully occupied by an established long-term tenant. The property is zoned C-2 and includes two off-street parking lots along with alley access.
The building fronts Valley Boulevard within Tehachapi’s business corridor, with established local businesses and professional services in the surrounding area. The asset also reports an 8% cap rate supported by tenant income.
The building fronts Valley Boulevard within Tehachapi’s business corridor, with established local businesses and professional services in the surrounding area. The asset also reports an 8% cap rate supported by tenant income.
Key Highlights
- 3,340 square feet of office space on a 0.24‑acre site
- Fully occupied by an established long‑term tenant
- 8% cap rate supported by tenant income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,378
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,560
$767.6K
Cap Rate 7%
$548,257
$548.3K
Cap Rate 9%
$426,422
$426.4K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$58.1K $17.40/SF
− Vacancy
−$6.9K −$2.08/SF
EGI
$51.2K $15.32/SF
− OpEx
−$12.8K −$3.83/SF
NOI
$38.4K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,560
Cap Rate 7%
$548,257
Cap Rate 9%
$426,422
Alternative Uses
Best Use
Office B
$548.3K
$479.7K – $639.6K
NOI $38,378 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$713.5K
$624.3K – $832.4K
NOI $49,946 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 93561, CA
31,091
Population
13,876
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
301.8 sq mi
ZIP Area
103
Density / Sq Mi
$86,149
Median Household Income
$52,088
Median Earnings
$1,299
Median Rent
$377,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-2 zoning, alley access, and dedicated off-street parking support this commercial office property.
Where is this office building located?
The property is located at 20031 W Valley Boulevard Tehachapi, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,340 square feet of office space on a 0.24‑acre site; Fully occupied by an established long‑term tenant; 8% cap rate supported by tenant income
