Storefront
For Sale
Contact for pricing
2301 Niles Pt, Bakersfield, CA 93306
Located in front of Vallarta Supermaket with exposure to daily vehicle traffic.
Property Size571 SF
Price / SF$271.45
Days on Market55
Property Features for 2301 Niles Pt
General Information
Standard status
Active
Size
571 SF
Property subtype
OFFICE
Additional Details
Asking Price
$155,000
Traffic Count
22,000 vehicles/day
Building Details
Buildings
1
Listing Agency:
Central Valley Commercial Brokers (CVCB)
(661) 404-4090
Listed By:
Henry E. Mendez, Jr.
Source:
Moodyscre
Added: Jul 7
Changed: Aug 29
Last Checked: Aug 30 at 5:14PM
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 (CVCB)
Investment Insights
Based on property information with market context.
This storefront property at 2301 Niles Pt in Bakersfield, California, contains 571 SF of building area. The compact commercial format provides a straightforward footprint for a small retail operation or other neighborhood-serving business use.
The property is positioned in front of Vallarta Supermaket and records 22,000 ADT, providing a location-oriented setting with substantial daily vehicle exposure.
The property is positioned in front of Vallarta Supermaket and records 22,000 ADT, providing a location-oriented setting with substantial daily vehicle exposure.
Key Highlights
- 571 SF total building area
- 22,000 ADT
- Positioned in front of Vallarta Supermaket
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
$9,378
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
6.05%
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%
$187,560
$187.6K
Cap Rate 7%
$133,971
$134.0K
Cap Rate 9%
$104,200
$104.2K
Market Conditions
NOI Build-Up for 571 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
$14.3K $24.96/SF
− Vacancy
−$855 −$1.50/SF
EGI
$13.4K $23.46/SF
− OpEx
−$4.0K −$7.04/SF
NOI
$9.4K $16.42/SF
Area
ZIP 93306
Vacancy
6.00%
Lease Rate
$24.96 /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%
$187,560
Cap Rate 7%
$133,971
Cap Rate 9%
$104,200
Alternative Uses
Best Use
Retail
$134.0K
$117.2K – $156.3K
NOI $9,378 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$152.6K
$133.6K – $178.1K
NOI $10,684 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
91k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 41%
Dining 14%
Electronics 3%
Vallarta Supermarket
Groceries
38,150 visits/mo
0.1 miles
Fastrip
Shops & Services
37,510 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
10,515 visits/mo
0.1 miles
Boost Mobile
Electronics
3,082 visits/mo
0.1 miles
Hungry Howie's Pizza
Dining
1,780 visits/mo
0.1 miles
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Flores Para Todo Eienio — 1201 chamberlain ave, bakersfield, ca 93305
- Bakersfield Florist — 1217 Mount Vernon Ave, Bakersfield, CA 93306
- Flaviana's Flower Shop and Gifts — 2822 Niles St, Bakersfield, CA 93306
Frequently Asked Questions
What type of property is this?
Storefront property - Located in front of Vallarta Supermaket with exposure to daily vehicle traffic.
Where is this storefront property located?
The property is located at 2301 Niles Pt Bakersfield, CA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 571 SF total building area; 22,000 ADT; Positioned in front of Vallarta Supermaket
