Single-Tenant NNN
For Sale
$2,000,000
2710 Company Drive, Bakersfield, CA 93312
Commercial Sale, Bakersfield, CA
Property Size10,906 SF
Lot Size0.85 Acres
Price / SF$183.39
Days on Market47
Property Features for 2710 Company Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Subdivision
62
Standard status
Active
APN
45114042
Size
10,906 SF
Lot size
0.85 Acres
Amenities
security fencing
camera surveillance
alarm and laser detection systems
exterior lighting
tree trimming
site hardening
Building Details
Year built
2007
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
William A Gordon · License #01854520
(661) 431-5534
Added: Aug 7
Changed: Aug 26
Last Checked: Sep 22 at 7:06AM
MLS# 202608421
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-tenant commercial property contains 10,906 square feet on a 0.85-acre parcel and was constructed in 2007. Hope the Mission occupies the property under a modified NNN lease. The agreement includes scheduled rent increases during the initial term, along with renewal options that use a fair-market rent valuation process.
Ownership improvements include security fencing, camera surveillance, an alarm system, laser detection equipment, exterior lighting, tree trimming, and site hardening. The property is located at 2710 Company Drive in Bakersfield, California, within Kern County.
Ownership improvements include security fencing, camera surveillance, an alarm system, laser detection equipment, exterior lighting, tree trimming, and site hardening. The property is located at 2710 Company Drive in Bakersfield, California, within Kern County.
Key Highlights
- 10,906‑square‑foot commercial property on 0.85 acres
- Single tenant: Hope the Mission
- Modified NNN lease with scheduled rent increases
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
$131,919
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
6.60%
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%
$2,638,380
$2.6M
Cap Rate 7%
$1,884,557
$1.9M
Cap Rate 9%
$1,465,767
$1.5M
Market Conditions
NOI Build-Up for 10,906 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
$196.3K $18.00/SF
− Vacancy
−$7.9K −$0.72/SF
EGI
$188.5K $17.28/SF
− OpEx
−$56.5K −$5.18/SF
NOI
$131.9K $12.10/SF
Area
ZIP 93312
Vacancy
4.00%
Lease Rate
$18.00 /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%
$2,638,380
Cap Rate 7%
$1,884,557
Cap Rate 9%
$1,465,767
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,919 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,088 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
1M
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Apparel 25%
Superstores 15%
Shops & Services 15%
Target
Superstores
158,970 visits/mo
0.4 miles
Kohl's
Apparel
71,860 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
69,446 visits/mo
0.3 miles
Chick-fil-A
Dining
66,460 visits/mo
0.4 miles
Ross Dress for Less
Apparel
52,127 visits/mo
0.5 miles
Demographics for 93312, CA
58,714
Population
19,089
Households
3.1
Avg Household Size
36
Median Age
34%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$112,654
Median Household Income
$56,041
Median Earnings
$1,958
Median Rent
$420,500
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?
NNN property - Leased commercial property with site security improvements and a modified NNN structure.
Where is this nnn property located?
The property is located at 2710 Company Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10,906‑square‑foot commercial property on 0.85 acres; Single tenant: Hope the Mission; Modified NNN lease with scheduled rent increases
