Office Building on Corner
For Sale
$350,000
2401 S Chester Ave, Bakersfield, CA 93308
Corner-lot office property with six private offices, offering flexible space for an owner-user or investor.
Property Size2,016 SF
Price / SF$173.61
Days on Market62
Property Features for 2401 S Chester Ave
General Information
Standard status
Active
Size
2,016 SF
Additional Details
Office Units
6
Listing Agency:
Watson Realty
(661) 912-5778
Listed By:
William A. Chicas · License #01815714
(661) 912-5778
Source:
Exprealty
Added: Jun 6
Changed: Jul 28
Last Checked: Jul 31 at 12:11PM
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 Watson Realty
Investment Insights
Based on property information with market context.
This commercial office property is situated on a triangular corner lot and is positioned for high street visibility. The building includes six private offices, providing a straightforward layout for tenant use or an owner-user configuration with additional rentable space.
The site is located at 2401 S. Chester Ave in Bakersfield, offering access designed to serve customers, clients, and tenants. Its corner placement supports prominent frontage and street presence for day-to-day business activity.
As presented, the property’s core offering is its office configuration with multiple private rooms, which can support a range of office needs while maintaining clear internal separation between spaces.
The site is located at 2401 S. Chester Ave in Bakersfield, offering access designed to serve customers, clients, and tenants. Its corner placement supports prominent frontage and street presence for day-to-day business activity.
As presented, the property’s core offering is its office configuration with multiple private rooms, which can support a range of office needs while maintaining clear internal separation between spaces.
Key Highlights
- Commercial office property at 2401 S. Chester Avenue in Bakersfield on a triangular corner lot
- Features six private offices for flexible use as an owner‑user space or rental layout
- Corner‑lot positioning provides prominent street exposure and easy customer/client/tenant access
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
$26,672
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
7.62%
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%
$533,440
$533.4K
Cap Rate 7%
$381,029
$381.0K
Cap Rate 9%
$296,356
$296.4K
Market Conditions
NOI Build-Up for 2,016 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
$42.3K $21.00/SF
− Vacancy
−$6.8K −$3.36/SF
EGI
$35.6K $17.64/SF
− OpEx
−$8.9K −$4.41/SF
NOI
$26.7K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$533,440
Cap Rate 7%
$381,029
Cap Rate 9%
$296,356
Alternative Uses
Best Use
Office B
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.0K
$468.1K – $624.2K
NOI $37,449 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner-lot office property with six private offices, offering flexible space for an owner-user or investor.
Where is this office units located?
The property is located at 2401 S Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial office property at 2401 S. Chester Avenue in Bakersfield on a triangular corner lot; Features six private offices for flexible use as an owner‑user space or rental layout; Corner‑lot positioning provides prominent street exposure and easy customer/client/tenant access
