Renovated Three-Unit
For Sale
$425,000
2625 Niles Street, Bakersfield, CA 93306
Standalone commercial building with individual electrical meters and useful rear space.
Property Size2,072 SF
Price / SF$205.12
Days on Market395
Property Features for 2625 Niles Street
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Retail
Amenities
3
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
The Mora Partners Inc.
(661) 463-8186
Listed By:
Alejandro Mora · License #01820381
Source:
Xome
Added: Aug 2, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:11PM
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 The Mora Partners Inc.
Investment Insights
Based on property information with market context.
This standalone storefront property contains three separate retail units, each supported by its own dedicated electrical meter. The building has been fully renovated and includes additional rear space that can support storage, workshop functions, or future expansion, as permitted.
The property is located at 2625 Niles Street in Bakersfield, California, and offers street-facing commercial exposure. Its multi-unit layout accommodates separate occupants or a combination of owner use and leased space.
The property is located at 2625 Niles Street in Bakersfield, California, and offers street-facing commercial exposure. Its multi-unit layout accommodates separate occupants or a combination of owner use and leased space.
Key Highlights
- Three separate retail units within one standalone building
- Dedicated electrical meter for each unit
- Fully renovated commercial retail property
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
$34,030
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
8.01%
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%
$680,600
$680.6K
Cap Rate 7%
$486,143
$486.1K
Cap Rate 9%
$378,111
$378.1K
Market Conditions
NOI Build-Up for 2,072 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
$51.7K $24.96/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$48.6K $23.46/SF
− OpEx
−$14.6K −$7.04/SF
NOI
$34.0K $16.42/SF
Area
ZIP 93306
Vacancy
6.00%
Lease Rate
$24.96 /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%
$680,600
Cap Rate 7%
$486,143
Cap Rate 9%
$378,111
Alternative Uses
Best Use
Retail
$486.1K
$425.4K – $567.2K
NOI $34,030 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$553.8K
$484.6K – $646.2K
NOI $38,769 @ 7.0% cap · market cap 9.12%
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
1,121
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 33%
Dining 14%
Apparel 11%
Vallarta Supermarket
Groceries
38,150 visits/mo
0.4 miles
Fastrip
Shops & Services
37,510 visits/mo
0.4 miles
WSS
Apparel
14,728 visits/mo
0.5 miles
Dollar General Market
Groceries
13,796 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
10,515 visits/mo
0.4 miles
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Flores Para Todo Eienio — 1201 chamberlain ave, bakersfield, ca 93305
- Bakersfield Florist — 1217 Mount Vernon Ave, Bakersfield, CA 93306
- Flaviana's Flower Shop and Gifts — 2822 Niles St, Bakersfield, CA 93306
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building with individual electrical meters and useful rear space.
Where is this storefront property located?
The property is located at 2625 Niles Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three separate retail units within one standalone building; Dedicated electrical meter for each unit; Fully renovated commercial retail property
