Downtown Office and Retail
For Sale
Contact for pricing
2611 F St, Bakersfield, CA 93301
Centrally located building with flexible retail and general office layout and shared first-come parking.
Property Size9,700 SF
Price / SF$159.69
Days on Market102
Property Features for 2611 F St
General Information
Standard status
Active
Size
9,700 SF
Property subtype
Office
Zoning
C-2 (Commercial) in the City of Bakersfield
Investment Type
Owner/User
Building Details
Year Built
1953
Year Renovated
2013
Buildings
1
Stories
2
Construction
contemporary
Listing Agency:
Colliers - Bakersfield, California
Listed By:
Cameron Mahoney · License #CA 01937802
(661) 631-3814
Source:
Crexi
Added: Jun 1
Changed: Sep 10
Last Checked: Sep 10 at 6:34AM
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 Colliers - Bakersfield, California
Investment Insights
Based on property information with market context.
This centrally located downtown building offers a contemporary design and a layout that can accommodate a range of uses, including retail and general office. Parking is shared through the Westchester Parking Association and operates on a first come, first served basis.
The property sits at the northwest corner of F Street and 26th Street and is close to Adventist Health Hospital, along with other retail, professional and medical offices, shops, and restaurants.
With flexible interior configuration and shared parking access, the building is positioned to serve businesses seeking a downtown presence near a mix of healthcare, office, and neighborhood-serving uses.
The property sits at the northwest corner of F Street and 26th Street and is close to Adventist Health Hospital, along with other retail, professional and medical offices, shops, and restaurants.
With flexible interior configuration and shared parking access, the building is positioned to serve businesses seeking a downtown presence near a mix of healthcare, office, and neighborhood-serving uses.
Key Highlights
- Centrally located at the northwest corner of F Street and 26th Street in Downtown Bakersfield
- Close to Adventist Health Hospital and nearby retail, professional and medical offices, shops, and restaurants
- Flexible layout suited for retail and general office uses
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
$128,331
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
8.28%
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%
$2,566,620
$2.6M
Cap Rate 7%
$1,833,300
$1.8M
Cap Rate 9%
$1,425,900
$1.4M
Market Conditions
NOI Build-Up for 9,700 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
$203.7K $21.00/SF
− Vacancy
−$32.6K −$3.36/SF
EGI
$171.1K $17.64/SF
− OpEx
−$42.8K −$4.41/SF
NOI
$128.3K $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%
$2,566,620
Cap Rate 7%
$1,833,300
Cap Rate 9%
$1,425,900
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,331 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,187 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,942
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Centrally located building with flexible retail and general office layout and shared first-come parking.
Where is this office building located?
The property is located at 2611 F St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Centrally located at the northwest corner of F Street and 26th Street in Downtown Bakersfield; Close to Adventist Health Hospital and nearby retail, professional and medical offices, shops, and restaurants; Flexible layout suited for retail and general office uses
