Retail Space For
For Sale
Contact for pricing
258 Bernard St, Bakersfield, CA 93305
Retail space available with a 6.75% CAP rate.
Property Size18,827 SF
Price / SF$276.20
Days on Market141
Property Features for 258 Bernard St
General Information
Standard status
Active
Size
18,827 SF
Total Parking Spaces
66
Property subtype
Retail
Zoning
C-1 (Neighborhood Commercial)
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$351,000
Building Details
Year Built
1952
Year Renovated
2013
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #VA 0225193951
Source:
Crexi
Added: Mar 27
Changed: Aug 13
Last Checked: Aug 12 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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This retail space, encompassing 18,827 square feet, is available for purchase. The property has a capitalization rate of 6.75%.
Key Highlights
- 6.75% CAP Rate makes this an attractive investment.
- Retail Property offering diverse tenant possibilities.
- Substantial 18,827 SqFt providing ample space.
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
$180,287
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
3.47%
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%
$3,605,740
$3.6M
Cap Rate 7%
$2,575,529
$2.6M
Cap Rate 9%
$2,003,189
$2.0M
Market Conditions
NOI Build-Up for 18,827 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
$271.1K $14.40/SF
− Vacancy
−$13.6K −$0.72/SF
EGI
$257.6K $13.68/SF
− OpEx
−$77.3K −$4.10/SF
NOI
$180.3K $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%
$3,605,740
Cap Rate 7%
$2,575,529
Cap Rate 9%
$2,003,189
Alternative Uses
Best Use
Retail
$2.58M
$2.25M – $3.00M
NOI $180,287 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,730 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 70%
Dining 16%
Shops & Services 14%
Dollar General Market
Groceries
12,543 visits/mo
0.2 miles
Rusty's Pizza Parlor
Dining
2,882 visits/mo
0.5 miles
Valero Energy
Shops & Services
2,606 visits/mo
0.4 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
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 space available with a 6.75% CAP rate.
Where is this retail space located?
The property is located at 258 Bernard St Bakersfield, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 6.75% CAP Rate makes this an attractive investment.; Retail Property offering diverse tenant possibilities.; Substantial 18,827 SqFt providing ample space.
