High-Visibility Bakersfield Commercial
For Sale
$549,900
2222 S Chester Ave, Bakersfield, CA 93304
Commercial property with retail suites, warehouse, and development potential.
Property Size2,400 SF
Lot Size0.59 Acres
Price / SF$229.13
Days on Market196
Property Features for 2222 S Chester Ave
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.59 Acres
Listing Agency:
Coldwell Banker Preferred, REALTORS
(661) 889-2933
Listed By:
Antonio Gonzalez
(661) 889-2933
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:02AM
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 Coldwell Banker Preferred, REALTORS
Investment Insights
Based on property information with market context.
This commercial property is located in a high-visibility area of Bakersfield. It features an approximately 2,400 sq. ft. building containing two retail suites, suitable for various businesses or investment approaches. An additional 1,277 sq. ft. aluminum warehouse provides flexibility for storage, operations, or rental income. The property includes three vacant lots at the rear, which could be used for homes or rezoned into a parking yard. Situated on a 1.48-acre lot, the property offers ample parking and room for future development or expansion. This property is suitable for establishing a business or for investors seeking income and long-term growth.
Key Highlights
- High‑visibility location in Bakersfield.
- Generous 1.48‑acre lot with abundant parking and room for expansion.
- 2,400 sq. ft. building with two retail suites**, suitable for various businesses.
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
$29,755
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
5.41%
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%
$595,100
$595.1K
Cap Rate 7%
$425,071
$425.1K
Cap Rate 9%
$330,611
$330.6K
Market Conditions
NOI Build-Up for 2,400 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
$37.4K $15.60/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$35.0K $14.59/SF
− OpEx
−$5.3K −$2.19/SF
NOI
$29.8K $12.40/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$595,100
Cap Rate 7%
$425,071
Cap Rate 9%
$330,611
Alternative Uses
Best Use
Warehouse
$425.1K
$371.9K – $495.9K
NOI $29,755 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$350.1K
$306.3K – $408.4K
NOI $24,504 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,582 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial property with retail suites, warehouse, and development potential.
Where is this retail space located?
The property is located at 2222 S Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: High‑visibility location in Bakersfield.; Generous 1.48‑acre lot with abundant parking and room for expansion.; 2,400 sq. ft. building with two retail suites**, suitable for various businesses.
