Heavy Industrial Warehouse with
For Sale
$865,000
2831 Gibson St, Bakersfield, CA 93308
Functional warehouse with three ground-level doors and a partially paved, fenced yard on a heavy industrial-zoned site.
Property Size2,555 SF
Lot Size0.51 Acres
Price / SF$338.55
Days on Market123
Property Features for 2831 Gibson St
General Information
Standard status
Active
Size
2,555 SF
Lot size
0.51 Acres
Zoning
M-3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
3
Building Details
Construction
concrete block
Listing Agency:
ASU Commercial
Listed By:
Dylan J. Lym · License #02103385
(661) 862-5454
Source:
Exprealty
Added: May 8
Changed: Aug 25
Last Checked: Sep 6 at 2:43PM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This property includes an approximately 4,576-square-foot industrial warehouse on a 10.51-acre parcel with a fenced, partially paved yard area. The concrete block exterior supports practical warehouse use, and the building offers three (3) ground-level doors for drive-in access, loading, and equipment movement. The site is configured with two points of ingress and egress, supporting truck circulation, fleet parking, outdoor storage, and operational staging.
Zoned M-3 (Heavy Industrial) within the County of Kern, the property is positioned to support a broad range of heavy industrial activities, including oilfield services, manufacturing, fabrication, trucking, equipment rental, and contractor operations. The location is described as part of Northwest Bakersfield’s “Oilpatch” heavy industrial corridor, with immediate access to Highway 99, Highway 58, and Rosedale Highway.
Overall, the combination of warehouse improvements, drive-in door access, and fenced yard space creates an adaptable industrial facility for both owner-users and investors seeking a heavy industrial asset type in a supply-constrained market.
Zoned M-3 (Heavy Industrial) within the County of Kern, the property is positioned to support a broad range of heavy industrial activities, including oilfield services, manufacturing, fabrication, trucking, equipment rental, and contractor operations. The location is described as part of Northwest Bakersfield’s “Oilpatch” heavy industrial corridor, with immediate access to Highway 99, Highway 58, and Rosedale Highway.
Overall, the combination of warehouse improvements, drive-in door access, and fenced yard space creates an adaptable industrial facility for both owner-users and investors seeking a heavy industrial asset type in a supply-constrained market.
Key Highlights
- 1,576 SF industrial warehouse built in 1934 on a 0.51‑acre parcel in Northwest Bakersfield.
- Concrete block exterior with three (3) ground‑level doors for drive‑in access and loading.
- Partially paved, fenced yard with two ingress/egress points for truck circulation, staging, or outdoor storage.
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
$31,677
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
3.66%
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%
$633,540
$633.5K
Cap Rate 7%
$452,529
$452.5K
Cap Rate 9%
$351,967
$352.0K
Market Conditions
NOI Build-Up for 2,555 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
$39.9K $15.60/SF
− Vacancy
−$2.6K −$1.01/SF
EGI
$37.3K $14.59/SF
− OpEx
−$5.6K −$2.19/SF
NOI
$31.7K $12.40/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$633,540
Cap Rate 7%
$452,529
Cap Rate 9%
$351,967
Alternative Uses
Best Use
Warehouse
$452.5K
$396.0K – $528.0K
NOI $31,677 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.0K
$593.3K – $791.0K
NOI $47,462 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse with three ground-level doors and a partially paved, fenced yard on a heavy industrial-zoned site.
Where is this warehouse located?
The property is located at 2831 Gibson St Bakersfield, CA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 1,576 SF industrial warehouse built in 1934 on a 0.51‑acre parcel in Northwest Bakersfield.; Concrete block exterior with three (3) ground‑level doors for drive‑in access and loading.; Partially paved, fenced yard with two ingress/egress points for truck circulation, staging, or outdoor storage.
