Medical Office with Clinical
For Sale
$265,000
2018 Niles St, Bakersfield, CA 93305
Configured for patient care with reception, examination rooms, treatment areas, and administrative space.
Property Size1,269 SF
Price / SF$208.83
Days on Market14
Property Features for 2018 Niles St
General Information
Standard status
Active
Size
1,269 SF
Building Details
Abandoned
No
Listing Agency:
The Mora Partners Inc.
(661) 463-8186
Listed By:
Eduardo Farfan
(661) 428-8419
Source:
Exprealty
Added: Aug 20
Changed: Aug 31
Last Checked: Sep 2 at 1:51AM
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 The Mora Partners Inc.
Investment Insights
Based on property information with market context.
This 1,269-square-foot medical office is configured for professional healthcare operations and is currently used as an optometry office. The interior includes a reception and waiting area, private examination and treatment rooms, administrative work areas, restrooms, and additional space for storage or office functions.
Located at 2018 Niles St in Bakersfield, California, the property can support continued optometry or medical office use. Other professional office applications, including dental or compatible commercial uses, may be considered subject to applicable zoning and approvals.
Located at 2018 Niles St in Bakersfield, California, the property can support continued optometry or medical office use. Other professional office applications, including dental or compatible commercial uses, may be considered subject to applicable zoning and approvals.
Key Highlights
- 1,269‑square‑foot medical office property
- Currently configured as an optometry office
- Reception and patient waiting area
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
$16,903
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
6.38%
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%
$338,060
$338.1K
Cap Rate 7%
$241,471
$241.5K
Cap Rate 9%
$187,811
$187.8K
Market Conditions
NOI Build-Up for 1,269 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
$30.5K $24.00/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$28.2K $22.20/SF
− OpEx
−$11.3K −$8.88/SF
NOI
$16.9K $13.32/SF
Area
Bakersfield, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$338,060
Cap Rate 7%
$241,471
Cap Rate 9%
$187,811
Alternative Uses
Best Use
Healthcare Medical
$241.5K
$211.3K – $281.7K
NOI $16,903 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$336.8K
$294.7K – $392.9K
NOI $23,573 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care with reception, examination rooms, treatment areas, and administrative space.
Where is this medical office space located?
The property is located at 2018 Niles St Bakersfield, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,269‑square‑foot medical office property; Currently configured as an optometry office; Reception and patient waiting area
