Multi-Use Office/Warehouse
215 E 18th Street Bakersfield, CA 93305
215 E 18th Street, Bakersfield, CA, 93305
$985,000
For Sale
$985,000
Multi-use building zoned M1 with overhead pass-through doors, two mezzanines, and ample parking on a 15,681 sf parcel.
Property Size2,143 SF
Lot Size0.36 Acres
Price / SF$459.64
Days on Market172
Property Features for 215 E 18th Street
General Information
- Standard status
- Active
- Size
- 2,143 SF
- Lot size
- 0.36 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1940
Listing agency
eXp Realty
(661) 477-1659
Listed by
Pablo Vargas
(661) 477-1659
Source
Xome
Added: Feb 1 Updated: Jul 22 at 7:48PM Checked: Jul 23 at 3:39AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This multi-use office/warehouse building offers approximately 7,500+/- square feet on a 15,681 square foot parcel zoned M1. The building includes two mezzanines with three kitchens/breakroom areas, a large warehouse area with two overhead pass-through doors, and an additional apartment that can be rented out. The configuration is designed to support more than one tenant within the property.
The property is located at 215 E 18th Street in Bakersfield, CA, just minutes from downtown. Ample parking is included to support tenant and customer access.
With its combination of office space, warehouse functionality, and the on-site rentable apartment, this offering supports a range of commercial uses, including retail, office, commercial service, and light manufacturing, subject to zoning and applicable approvals.
The property is located at 215 E 18th Street in Bakersfield, CA, just minutes from downtown. Ample parking is included to support tenant and customer access.
With its combination of office space, warehouse functionality, and the on-site rentable apartment, this offering supports a range of commercial uses, including retail, office, commercial service, and light manufacturing, subject to zoning and applicable approvals.
Key Highlights
- 7,500 +/- SF multi‑use office/warehouse building on a 15,681 SF parcel zoned M1
- Warehouse includes two overhead pass‑through doors
- Building features two mezzanines and three kitchen/breakroom areas
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $21.00 |
| − Vacancy | −$7.2k | −$3.36 |
| EGI | $37.8k | $17.64 |
| − OpEx | −$9.5k | −$4.41 |
| NOI | $28.4k | $13.23 |
2,143 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 2.88%
Second Best
Warehouse
$379.6K
$332.1K – $442.8K
NOI $26,569 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,808 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gonzales Enterprise
(Bike/Boat/Book/etc) Store
Your CBD Store ...
Specialty Food Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Curtis' Catering Affairs — 916 18th St, Bakersfield, CA 93301
- Los Tlaxcaltecas Food Truck — 1020 18th St, Bakersfield, CA 93301
FAQs
What type of property is this?
Flex space - Multi-use building zoned M1 with overhead pass-through doors, two mezzanines, and ample parking on a 15,681 sf parcel.
Where is this flex space located?
The property is located at 215 E 18th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 7,500 +/- SF multi‑use office/warehouse building on a 15,681 SF parcel zoned M1; Warehouse includes two overhead pass‑through doors; Building features two mezzanines and three kitchen/breakroom areas
