Flex Space with Runway
New
For Sale
$389,000
27102 VALLEY WEST RD, Taft, CA 93268
Metal improvements include office space, loft access, and three-phase electrical service.
Property Size2,400 SF
Lot Size10.00 Acres
Price / SF$162.08
Days on Market4
Property Features for 27102 VALLEY WEST RD
General Information
Standard status
Active
Size
2,400 SF
Lot size
10.00 Acres
Property subtype
Industrial
Additional Details
Utilities to Site
Yes
Three-Phase Power
Yes
Amenities
3 phase power
private airport runway access
3
Building Details
Buildings
1
Building Size
2,400 SF
Construction
metal
Listing Agency:
HomeSmart PV and Associates
(209) 544-2500
Listed By:
Irma Carrera
(510) 634-3797
Source:
Xome
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 10:25PM
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 HomeSmart PV and Associates
Investment Insights
Based on property information with market context.
This flex-space property comprises 10 acres with a 2400 sqft metal building. The improvements include an office area, loft access, and 3-phase power. The site also provides access to a private airport runway, adding an aviation-related component to the property’s configuration.
Located at 27102 Valley West Rd in Taft, California, the property combines acreage, functional metal-building improvements, and runway access in one commercial offering. The available information identifies the site as suitable for animal-related use, while the building’s office area, loft, and electrical service provide additional functional elements for evaluation.
Located at 27102 Valley West Rd in Taft, California, the property combines acreage, functional metal-building improvements, and runway access in one commercial offering. The available information identifies the site as suitable for animal-related use, while the building’s office area, loft, and electrical service provide additional functional elements for evaluation.
Key Highlights
- 10 acres of land
- 2400 sqft metal building
- 3 phase power
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
$29,556
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
7.60%
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%
$591,120
$591.1K
Cap Rate 7%
$422,229
$422.2K
Cap Rate 9%
$328,400
$328.4K
Market Conditions
NOI Build-Up for 2,400 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
$44.4K $18.48/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$42.2K $17.59/SF
− OpEx
−$12.7K −$5.28/SF
NOI
$29.6K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /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%
$591,120
Cap Rate 7%
$422,229
Cap Rate 9%
$328,400
Alternative Uses
Best Use
Industrial
$422.2K
$369.5K – $492.6K
NOI $29,556 @ 7.0% cap · market cap 7.60%
Second Best
Flex RnD
$387.1K
$338.7K – $451.7K
NOI $27,099 @ 7.0% cap · market cap 6.97%
Theoretical Best
Warehouse
$512.7K
$448.6K – $598.2K
NOI $35,890 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal improvements include office space, loft access, and three-phase electrical service.
Where is this flex space located?
The property is located at 27102 VALLEY WEST RD Taft, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 10 acres of land; 2400 sqft metal building; 3 phase power
