C-2 Retail
For Sale
Contact for pricing
2300 Eye Street, Bakersfield, CA 93301
Retail property with an adjoining lot and C-2 zoning along a heavily traveled commercial corridor.
Property Size11,224 SF
Price / SF$133.64
Days on Market52
Property Features for 2300 Eye Street
General Information
Standard status
Active
Size
11,224 SF
Property subtype
Retail
Zoning
C-2
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Additional Details
Land Use
commercial, retail
Listing Agency:
Central Valley Commercial Brokers
Listed By:
Marcus Duarte · License #CA 01972531
(661) 404-4090
Source:
Crexi
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 16 at 7:35AM
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 Central Valley Commercial Brokers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes an 11,224-square-foot retail building together with an adjacent 7,840-square-foot lot. C-2 zoning supports the site’s identified retail and commercial development potential.
Positioned at 2300 Eye Street in Bakersfield, the property benefits from exposure to a corridor carrying 20,000 vehicles per day on 23rd Street. The building and adjoining parcel provide a combination of existing improvements and additional land within the same commercial offering.
Positioned at 2300 Eye Street in Bakersfield, the property benefits from exposure to a corridor carrying 20,000 vehicles per day on 23rd Street. The building and adjoining parcel provide a combination of existing improvements and additional land within the same commercial offering.
Key Highlights
- 11,224‑square‑foot retail building
- Adjacent 7,840‑square‑foot lot
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,481
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,149,620
$2.1M
Cap Rate 7%
$1,535,443
$1.5M
Cap Rate 9%
$1,194,233
$1.2M
Market Conditions
NOI Build-Up for 11,224 SF
Gross rent
$161.6K $14.40/SF
− Vacancy
−$8.1K −$0.72/SF
EGI
$153.5K $13.68/SF
− OpEx
−$46.1K −$4.10/SF
NOI
$107.5K $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 Rate 5%
$2,149,620
Cap Rate 7%
$1,535,443
Cap Rate 9%
$1,194,233
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,481 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,497 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,406
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
McDonald's
Dining
35,524 visits/mo
0.3 miles
Wells Fargo
Shops & Services
20,182 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
19,190 visits/mo
0.1 miles
Starbucks
Dining
17,863 visits/mo
0.1 miles
Chevron
Shops & Services
16,316 visits/mo
0.2 miles
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Bakersfield, CA
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with an adjoining lot and C-2 zoning along a heavily traveled commercial corridor.
Where is this retail space located?
The property is located at 2300 Eye Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,224‑square‑foot retail building; Adjacent 7,840‑square‑foot lot; C‑2 zoning
