Flex Space with
For Sale
$500,000
300 Mount Vernon Avenue, Bakersfield, CA 93307
M-1-zoned property combines office space, a shop, kitchen, and multiple bathrooms.
Property Size2,160 SF
Price / SF$231.48
Days on Market178
Property Features for 300 Mount Vernon Avenue
General Information
Standard status
Active
Size
2,160 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
2008
Listing Agency:
(661) 703-5301
Listed By:
The American Dream
(661) 703-5301
Source:
Xome
Added: Mar 6
Changed: Aug 31
Last Checked: Aug 31 at 1:58AM
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 American Dream
Investment Insights
Based on property information with market context.
This flex property is configured as a metal office-and-shop building with office areas, a full kitchen, one full bathroom, and one half bathroom. The shop is all electric and includes 220V wiring, supporting light industrial and manufacturing applications described under the M-1 zoning designation. The property also includes a single-family residence component tied to use by a business caretaker.
Access to regional transportation is a notable feature, with the 58 Freeway on-ramp less than 1 mile away and connections available in both directions. The 99 Freeway on-ramp is approximately 5 miles from the property, with northbound and southbound access.
Access to regional transportation is a notable feature, with the 58 Freeway on-ramp less than 1 mile away and connections available in both directions. The 99 Freeway on-ramp is approximately 5 miles from the property, with northbound and southbound access.
Key Highlights
- M‑1 zoning supports light industrial and manufacturing uses
- Metal building combines office areas with a shop or garage
- Shop area is wired for 220V electrical service
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
$27,726
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
5.55%
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%
$554,520
$554.5K
Cap Rate 7%
$396,086
$396.1K
Cap Rate 9%
$308,067
$308.1K
Market Conditions
NOI Build-Up for 2,160 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
$45.4K $21.00/SF
− Vacancy
−$8.4K −$3.89/SF
EGI
$37.0K $17.12/SF
− OpEx
−$9.2K −$4.28/SF
NOI
$27.7K $12.84/SF
Area
ZIP 93307
Vacancy
18.50%
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%
$554,520
Cap Rate 7%
$396,086
Cap Rate 9%
$308,067
Alternative Uses
Best Use
Office B
$396.1K
$346.6K – $462.1K
NOI $27,726 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$327.8K
$286.8K – $382.4K
NOI $22,944 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,360 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Market
Vacancy Rate% for Office 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 - M-1-zoned property combines office space, a shop, kitchen, and multiple bathrooms.
Where is this flex space located?
The property is located at 300 Mount Vernon Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: M‑1 zoning supports light industrial and manufacturing uses; Metal building combines office areas with a shop or garage; Shop area is wired for 220V electrical service
