Freestanding Retail
For Sale
$750,000
2530 Wible Rd, Bakersfield, CA 93304
Two separately metered units support flexible occupancy at a signalized intersection.
Property Size3,305 SF
Price / SF$226.93
Days on Market49
Property Features for 2530 Wible Rd
General Information
Standard status
Active
Size
3,305 SF
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Bakersfield
(661) 631-3820
Listed By:
Logan Blanton · License #02167852
(661) 631-3820
Source:
Colliers
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 30 at 6:14PM
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 Bakersfield
Investment Insights
Based on property information with market context.
This freestanding retail building contains 3,305 SF and is divided into two separately metered units. The configuration can accommodate an owner-user arrangement or multi-tenant occupancy within a single asset.
The property is positioned at the signalized intersection of Wible Road and Wilson Road in Southwest Bakersfield. Highway 99 and Valley Plaza Mall are located minutes away, placing the building within an established commercial setting.
The property is positioned at the signalized intersection of Wible Road and Wilson Road in Southwest Bakersfield. Highway 99 and Valley Plaza Mall are located minutes away, placing the building within an established commercial setting.
Key Highlights
- 3,305 SF freestanding retail building
- Two separately metered units
- Signalized intersection of Wible Road and Wilson Road
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
$31,649
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
4.22%
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%
$632,980
$633.0K
Cap Rate 7%
$452,129
$452.1K
Cap Rate 9%
$351,656
$351.7K
Market Conditions
NOI Build-Up for 3,305 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
$47.6K $14.40/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$45.2K $13.68/SF
− OpEx
−$13.6K −$4.10/SF
NOI
$31.6K $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%
$632,980
Cap Rate 7%
$452,129
Cap Rate 9%
$351,656
Alternative Uses
Best Use
Retail
$452.1K
$395.6K – $527.5K
NOI $31,649 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.1K
$767.4K – $1.02M
NOI $61,394 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
273k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 61%
Shops & Services 22%
Leisure 12%
Dining 3%
Target
Superstores
165,788 visits/mo
0.4 miles
Dollar Tree
Shops & Services
32,272 visits/mo
0.3 miles
Reading Cinemas Valley Plaza with IMAX
Leisure
31,953 visits/mo
0.3 miles
Dollar General
Shops & Services
13,011 visits/mo
0.0 miles
Fosters Freeze
Dining
8,835 visits/mo
0.4 miles
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Two separately metered units support flexible occupancy at a signalized intersection.
Where is this storefront property located?
The property is located at 2530 Wible Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,305 SF freestanding retail building; Two separately metered units; Signalized intersection of Wible Road and Wilson Road
