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 Market201
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
Listed By:
Andrew Fallon · License #PA RSR006585
(202) 286-1542
Source:
Crexi
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 12 at 8:13PM
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
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 / Yr
$180,287
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 32%
Groceries 23%
Dollar General Market
Groceries
12,543 visits/mo
0.0 miles
Taco Bell
Dining
10,632 visits/mo
0.4 miles
Burger King
Dining
10,433 visits/mo
0.4 miles
ARCO
Shops & Services
7,788 visits/mo
0.4 miles
AutoZone
Shops & Services
5,238 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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.
