Restaurant Building with Living
For Sale
$199,000
314 Center Street, Taft, CA 93268
Vacant commercial building with a large kitchen, storage, dining fixtures, and additional rooms above.
Property Size967 SF
Price / SF$205.79
Days on Market169
Property Features for 314 Center Street
General Information
Standard status
Active
Size
967 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1918
Listing Agency:
Americana Real Estate & Investments
(661) 331-2982
Listed By:
Joseph Leon
(661) 331-2982
Source:
Xome
Added: Mar 15
Changed: Aug 30
Last Checked: Aug 30 at 2:44AM
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 Americana Real Estate & Investments
Investment Insights
Based on property information with market context.
Built in 1918, this 2731 sq ft property is configured for restaurant use with space above for living quarters. The ground floor includes dining furnishings, a kitchen with a 16' hood, substantial storage, and 2 bathrooms. Tables and booths provide seating for approximately 50 people. The upper level contains 4 rooms and a 3rd bathroom.
The building is vacant and will require flooring, kitchen equipment, and additional TLC. Public parking is available in the lot across the street at the corner. The property is located at 314 Center Street in Taft, California, and the neighboring building at 312 Center St is also offered for sale.
The building is vacant and will require flooring, kitchen equipment, and additional TLC. Public parking is available in the lot across the street at the corner. The property is located at 314 Center Street in Taft, California, and the neighboring building at 312 Center St is also offered for sale.
Key Highlights
- 2731 sq ft restaurant building constructed in 1918
- Restaurant layout includes tables, booths, and seating for approx 50 people
- Large kitchen with 16' hood and extensive 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
$10,692
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
5.37%
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%
$213,840
$213.8K
Cap Rate 7%
$152,743
$152.7K
Cap Rate 9%
$118,800
$118.8K
Market Conditions
NOI Build-Up for 967 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
$15.1K $15.60/SF
− Vacancy
−$830 −$0.86/SF
EGI
$14.3K $14.74/SF
− OpEx
−$3.6K −$3.69/SF
NOI
$10.7K $11.06/SF
Area
Kern County, CA
Vacancy
5.50%
Lease Rate
$15.60 /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%
$213,840
Cap Rate 7%
$152,743
Cap Rate 9%
$118,800
Alternative Uses
Best Use
Specialty Retail
$152.7K
$133.7K – $178.2K
NOI $10,692 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$136.5K
$119.4K – $159.2K
NOI $9,554 @ 7.0% cap · market cap 4.80%
Theoretical Best
Warehouse
$206.6K
$180.8K – $241.0K
NOI $14,461 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 21%
Groceries 18%
Hotels & Casinos 3%
Fastrip
Shops & Services
11,498 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
9,906 visits/mo
0.4 miles
Dollar General
Shops & Services
8,025 visits/mo
0.4 miles
Pizza Factory
Dining
5,032 visits/mo
0.3 miles
Little Caesars Pizza
Dining
4,700 visits/mo
0.2 miles
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 Retail 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?
Conventional restaurant - Vacant commercial building with a large kitchen, storage, dining fixtures, and additional rooms above.
Where is this conventional restaurant located?
The property is located at 314 Center Street Taft, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2731 sq ft restaurant building constructed in 1918; Restaurant layout includes tables, booths, and seating for approx 50 people; Large kitchen with 16' hood and extensive storage
