Freestanding Restaurant
For Sale
$799,000
3017 Wilson Rd, Bakersfield, CA 93304
Vacant restaurant facility with multiple dining areas, a bar, large kitchen, restrooms, and possible drive-through configuration.
Property Size4,168 SF
Days on Market11
Property Features for 3017 Wilson Rd
General Information
Standard status
Active
Size
4,168 SF
Property subtype
Free Standing Building
Building Details
Building Size
4,168 SF
Year Built
1989
Listing Agency:
KW Commercial - Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 705-1000
Source:
Thebrokerlist
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 31 at 12:38PM
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 KW Commercial - Central California
Investment Insights
Based on property information with market context.
Built in 1989, this vacant restaurant property provides approximately 4,168 SF in a freestanding building at White Lane Plaza Shopping Center. The interior includes three dining areas, one bar, a large kitchen, and two private restrooms. A drive-through may be added, subject to applicable approvals. The property also includes a fully paved parking area and a dedicated front entrance.
The building occupies approximately 0.43 acres at 3017 Wilson Rd in Bakersfield, with access from the shopping center. The location is near Valley Plaza Regional Mall and just east of Freeway 99. White Lane Plaza includes Clinica Sierra Vista, Dollar General, Liquor Mart, Kern County Department of Human Services, and other local tenants. The center is reported to experience approximately 73,066 cars per day, and Plaza Tower Apartments is immediately east of the site.
The building occupies approximately 0.43 acres at 3017 Wilson Rd in Bakersfield, with access from the shopping center. The location is near Valley Plaza Regional Mall and just east of Freeway 99. White Lane Plaza includes Clinica Sierra Vista, Dollar General, Liquor Mart, Kern County Department of Human Services, and other local tenants. The center is reported to experience approximately 73,066 cars per day, and Plaza Tower Apartments is immediately east of the site.
Key Highlights
- Approximately 4,168 SF freestanding restaurant building
- Three dining areas, one bar, large kitchen, and two private restrooms
- Potential drive‑through configuration
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
$42,764
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
5.35%
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%
$855,280
$855.3K
Cap Rate 7%
$610,914
$610.9K
Cap Rate 9%
$475,156
$475.2K
Market Conditions
NOI Build-Up for 4,168 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
$60.0K $14.40/SF
− Vacancy
−$3.0K −$0.72/SF
EGI
$57.0K $13.68/SF
− OpEx
−$14.3K −$3.42/SF
NOI
$42.8K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /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%
$855,280
Cap Rate 7%
$610,914
Cap Rate 9%
$475,156
Alternative Uses
Best Use
Specialty Retail
$610.9K
$534.6K – $712.7K
NOI $42,764 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$967.8K – $1.29M
NOI $77,425 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
598k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Superstores 28%
Shops & Services 14%
Dining 14%
Target
Superstores
165,788 visits/mo
0.3 miles
Macy's
Apparel
115,174 visits/mo
0.5 miles
JCPenney
Apparel
72,104 visits/mo
0.4 miles
Texas Roadhouse
Dining
33,948 visits/mo
0.4 miles
Dollar Tree
Shops & Services
32,272 visits/mo
0.2 miles
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant restaurant facility with multiple dining areas, a bar, large kitchen, restrooms, and possible drive-through configuration.
Where is this conventional restaurant located?
The property is located at 3017 Wilson Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 4,168 SF freestanding restaurant building; Three dining areas, one bar, large kitchen, and two private restrooms; Potential drive‑through configuration
