Rebuilt Retail
For Sale
$3,495,000
3601 Ming Avenue, Bakersfield, CA 93309
On-site parking supports customer access at this substantial retail property.
Property Size15,000 SF
Price / SF$233
Days on Market278
Property Features for 3601 Ming Avenue
General Information
Standard status
Active
Size
15,000 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1973
Year Renovated
2015
Listing Agency:
(850) 838-9880
Listed By:
The American Dream
(850) 838-9880
Source:
Xome
Added: Nov 26, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:30PM
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 retail property occupies almost an acre and was rebuilt in 2015, providing a substantially improved commercial space for retail operations. The original building dates to 1973, while the later reconstruction represents the primary documented improvement.
The property is located on Ming Avenue in Bakersfield, with on-site parking serving the retail space. Its configuration supports consideration for an owner-user, an investment, or a combination of business use and investment, as described in the available property information.
The property is located on Ming Avenue in Bakersfield, with on-site parking serving the retail space. Its configuration supports consideration for an owner-user, an investment, or a combination of business use and investment, as described in the available property information.
Key Highlights
- Rebuilt in 2015
- Almost an acre of land
- On‑site parking included
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
$143,640
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
4.11%
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%
$2,872,800
$2.9M
Cap Rate 7%
$2,052,000
$2.1M
Cap Rate 9%
$1,596,000
$1.6M
Market Conditions
NOI Build-Up for 15,000 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
$216.0K $14.40/SF
− Vacancy
−$10.8K −$0.72/SF
EGI
$205.2K $13.68/SF
− OpEx
−$61.6K −$4.10/SF
NOI
$143.6K $9.58/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,872,800
Cap Rate 7%
$2,052,000
Cap Rate 9%
$1,596,000
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.39M
NOI $143,640 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,640 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
801k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Superstores 21%
Apparel 17%
Dining 17%
Target
Superstores
165,788 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
49,722 visits/mo
0.5 miles
T.J. Maxx
Apparel
44,183 visits/mo
0.0 miles
Marshalls
Apparel
41,371 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
38,585 visits/mo
0.3 miles
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - On-site parking supports customer access at this substantial retail property.
Where is this retail space located?
The property is located at 3601 Ming Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Rebuilt in 2015; Almost an acre of land; On‑site parking included
