Retail/Office Building with
For Sale
Contact for pricing
2332-2336 Eye St, Bakersfield, CA 93301
Retail and office building offering 12 on-site parking stalls with room for additional spaces.
Property Size3,198 SF
Price / SF$273.61
Days on Market235
Property Features for 2332-2336 Eye St
General Information
Standard status
Active
Size
3,198 SF
Total Parking Spaces
12
Property subtype
RETAIL
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Dylan J. Lym · License #02103385
(661) 862-5454
Source:
Moodyscre
Added: Jan 15
Changed: Sep 4
Last Checked: Aug 14 at 7:58AM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This retail/office building is available for sale and includes space configured for both retail and office uses. The property comes with on-site parking, featuring 12 stalls and room to add additional spaces as needed.
The building is located at 2332-2336 Eye St in Bakersfield, CA 93301.
For buyers or tenants evaluating a mixed-use commercial setup, the existing parking inventory is a practical baseline for operations, with the added benefit of potential expansion of stall count on site.
The building is located at 2332-2336 Eye St in Bakersfield, CA 93301.
For buyers or tenants evaluating a mixed-use commercial setup, the existing parking inventory is a practical baseline for operations, with the added benefit of potential expansion of stall count on site.
Key Highlights
- Retail/office building available
- 12 on‑site parking stalls with room for additional stalls
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
$30,624
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
3.50%
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%
$612,480
$612.5K
Cap Rate 7%
$437,486
$437.5K
Cap Rate 9%
$340,267
$340.3K
Market Conditions
NOI Build-Up for 3,198 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
$46.1K $14.40/SF
− Vacancy
−$2.3K −$0.72/SF
EGI
$43.7K $13.68/SF
− OpEx
−$13.1K −$4.10/SF
NOI
$30.6K $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%
$612,480
Cap Rate 7%
$437,486
Cap Rate 9%
$340,267
Alternative Uses
Best Use
Retail
$437.5K
$382.8K – $510.4K
NOI $30,624 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.7K
$742.6K – $990.1K
NOI $59,406 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office building offering 12 on-site parking stalls with room for additional spaces.
Where is this retail space located?
The property is located at 2332-2336 Eye St Bakersfield, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Retail/office building available; 12 on‑site parking stalls with room for additional stalls
