Downtown Mixed-Use Commercial
For Sale
Contact for pricing
314 TRUXTUN AVE, Bakersfield, CA 93301
A 2010-built mixed-use building in downtown Bakersfield with restaurant space on the ground floor and flexible C-2 use.
Property Size7,530 SF
Lot Size0.38 Acres
Price / SF$171.98
Days on Market145
Property Features for 314 TRUXTUN AVE
General Information
Standard status
Active
Size
7,530 SF
Lot size
0.38 Acres
Property subtype
Retail, Office
Zoning
C-2
Building Details
Year Built
2010
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Central Valley Property Advisors
Listed By:
Eric Van Denk · License #02223453
(419) 206-7117
Source:
Crexi
Added: Apr 16
Changed: Aug 22
Last Checked: Sep 7 at 6:45AM
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 Central Valley Property Advisors
Investment Insights
Based on property information with market context.
314 Truxtun Ave is a commercial building constructed in 2010 offering a mix of income-producing and flexible space. The ground floor is occupied by a restaurant, while the remaining space is configured to support additional business operations or leasing opportunities.
The property is located in the core of Downtown Bakersfield, directly across from Rabobank Arena, one of the city’s active event and entertainment destinations. The building sits on a 16,553 SF parcel and offers ample on-site parking, an uncommon amenity in downtown locations. The surrounding area includes government offices, financial institutions, and dining and entertainment venues, supporting both daytime and evening activity.
The asset is supported by flexible C-2 zoning and is well suited for an owner-user who wants to occupy a portion of the building while benefiting from existing tenancy.
The property is located in the core of Downtown Bakersfield, directly across from Rabobank Arena, one of the city’s active event and entertainment destinations. The building sits on a 16,553 SF parcel and offers ample on-site parking, an uncommon amenity in downtown locations. The surrounding area includes government offices, financial institutions, and dining and entertainment venues, supporting both daytime and evening activity.
The asset is supported by flexible C-2 zoning and is well suited for an owner-user who wants to occupy a portion of the building while benefiting from existing tenancy.
Key Highlights
- 2010‑built ±7,530 SF commercial/mixed‑use building on ±16,553 SF parcel in downtown Bakersfield
- Restaurant occupies the ground floor for immediate cash flow with customer traffic
- Flexible C‑2 zoning allows a wide range of retail, office, and commercial uses
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
$99,622
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
7.69%
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%
$1,992,440
$2.0M
Cap Rate 7%
$1,423,171
$1.4M
Cap Rate 9%
$1,106,911
$1.1M
Market Conditions
NOI Build-Up for 7,530 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
$158.1K $21.00/SF
− Vacancy
−$25.3K −$3.36/SF
EGI
$132.8K $17.64/SF
− OpEx
−$33.2K −$4.41/SF
NOI
$99.6K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
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%
$1,992,440
Cap Rate 7%
$1,423,171
Cap Rate 9%
$1,106,911
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,622 @ 7.0% cap · market cap 7.69%
Second Best
Specialty Retail
$1.10M
$965.7K – $1.29M
NOI $77,258 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,877 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A 2010-built mixed-use building in downtown Bakersfield with restaurant space on the ground floor and flexible C-2 use.
Where is this office building located?
The property is located at 314 TRUXTUN AVE Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2010‑built ±7,530 SF commercial/mixed‑use building on ±16,553 SF parcel in downtown Bakersfield; Restaurant occupies the ground floor for immediate cash flow with customer traffic; Flexible C‑2 zoning allows a wide range of retail, office, and commercial uses
