Commercial Kitchen
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228 TEHACHAPI BLVD TEHACHAPI CA 93561, Tehachapi, CA 93561
T5-zoned commercial kitchen property with a 2010 construction date.
Property Size1,500 SF
Price / SF$333.27
Days on Market5
Property Features for 228 TEHACHAPI BLVD TEHACHAPI CA 93561
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
12
Property subtype
Retail, Hospitality, Mixed Use
Zoning
T5
Investment Type
Value Add
Building Details
Year Built
2010
Stories
1
Listing Agency:
Epique Realty
(661) 204-0159
Listed By:
Debra McTaggart · License #02215280
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:14AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This commercial kitchen property contains 1,500 square feet and was built in 2010. The site is identified under T5 zoning and is located at 228 Tehachapi Boulevard in Tehachapi, California.
The property is presented for sale and is classified primarily as commercial kitchens. The source information also references restaurant-related use, but no additional building features or operating details are provided.
The property is presented for sale and is classified primarily as commercial kitchens. The source information also references restaurant-related use, but no additional building features or operating details are provided.
Key Highlights
- 1,500 SF commercial kitchen property
- T5 zoning
- Built in 2010
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
$18,473
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
3.70%
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%
$369,460
$369.5K
Cap Rate 7%
$263,900
$263.9K
Cap Rate 9%
$205,256
$205.3K
Market Conditions
NOI Build-Up for 1,500 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
$27.7K $18.48/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$26.4K $17.59/SF
− OpEx
−$7.9K −$5.28/SF
NOI
$18.5K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /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%
$369,460
Cap Rate 7%
$263,900
Cap Rate 9%
$205,256
Alternative Uses
Best Use
Industrial
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 3.70%
Second Best
Specialty Retail
$236.9K
$207.3K – $276.4K
NOI $16,585 @ 7.0% cap · market cap 3.32%
Theoretical Best
Warehouse
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
683
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - T5-zoned commercial kitchen property with a 2010 construction date.
Where is this commercial kitchen located?
The property is located at 228 TEHACHAPI BLVD TEHACHAPI CA 93561 Tehachapi, CA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,500 SF commercial kitchen property; T5 zoning; Built in 2010
