Freestanding Retail and Office
For Sale
Contact for pricing
222 Minner Avenue, Bakersfield, CA 93308
Freestanding building with dedicated parking and a fenced, gated yard suitable for vehicle-related uses.
Property Size2,500 SF
Lot Size0.56 Acres
Price / SF$134
Days on Market96
Property Features for 222 Minner Avenue
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.56 Acres
Property subtype
Retail, Office
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$40,500
Financials
Cap Rate
10.3%
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
1950
Year Renovated
2025
Buildings
2
Listing Agency:
Bakersfield Association of REALTORS
Listed By:
Sanjeev Advani · License #01869863
(661) 770-7382
Source:
Crexi
Added: Jun 2
Changed: Aug 23
Last Checked: Sep 4 at 9:55AM
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 Bakersfield Association of REALTORS
Investment Insights
Based on property information with market context.
Heritage Real Estate & Management presents 214-222 Minner Avenue, a freestanding retail/office building totaling approximately 2,500 square feet on 0.56 acres. The site is arranged across three contiguous parcels: one parcel supports the building, while the other two are dedicated parking, providing more on-site parking than typical infill retail or office space. The property also includes a fully fenced and gated yard, which can support automotive, logistics, contractor, or vehicle-storage uses. The roof and windows are newer, confirmed by the seller, which may reduce early capital repair needs.
The property is located in North Bakersfield near N Chester Avenue and Norris Road, with direct access to Highway 99. Access to the building and parking is configured through the on-site parcels, supported by the expanded parking layout.
For buyers, the flexible positioning supports multiple pathways: ownership for income, occupation by a business needing retail or office space, or leasing to tenants. The presence of a fenced yard and substantial parking can be a practical fit for operators that need controlled outdoor space, while retailers and office users may value the combination of building frontage and on-site parking. Buyers are advised to verify zoning and permitted use with Kern County Planning prior to close.
The property is located in North Bakersfield near N Chester Avenue and Norris Road, with direct access to Highway 99. Access to the building and parking is configured through the on-site parcels, supported by the expanded parking layout.
For buyers, the flexible positioning supports multiple pathways: ownership for income, occupation by a business needing retail or office space, or leasing to tenants. The presence of a fenced yard and substantial parking can be a practical fit for operators that need controlled outdoor space, while retailers and office users may value the combination of building frontage and on-site parking. Buyers are advised to verify zoning and permitted use with Kern County Planning prior to close.
Key Highlights
- ±2,500 SF freestanding retail/office building on 0.56 acres in North Bakersfield
- 3 contiguous parcels: building on one parcel and dedicated parking on the other two for more on‑site parking than typical infill
- Fully fenced and gated yard suited for automotive, logistics, contractor, or vehicle‑storage use
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
$23,940
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
7.15%
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%
$478,800
$478.8K
Cap Rate 7%
$342,000
$342.0K
Cap Rate 9%
$266,000
$266.0K
Market Conditions
NOI Build-Up for 2,500 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
$36.0K $14.40/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$34.2K $13.68/SF
− OpEx
−$10.3K −$4.10/SF
NOI
$23.9K $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%
$478,800
Cap Rate 7%
$342,000
Cap Rate 9%
$266,000
Alternative Uses
Best Use
Office B
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 9.87%
Second Best
Retail
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$663.4K
$580.5K – $774.0K
NOI $46,440 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Kim's Flowers & Gift shop in Bakersfield — 403 N Chester Ave, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building with dedicated parking and a fenced, gated yard suitable for vehicle-related uses.
Where is this storefront property located?
The property is located at 222 Minner Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: ±2,500 SF freestanding retail/office building on 0.56 acres in North Bakersfield; 3 contiguous parcels: building on one parcel and dedicated parking on the other two for more on‑site parking than typical infill; Fully fenced and gated yard suited for automotive, logistics, contractor, or vehicle‑storage use
