Storefront Property For
For Sale
$135,000
407 Center St Unit Taft ca 93268, Taft, CA 93268
Storefront property for sale, payments accepted with down payment.
Property Size1,000 SF
Price / SF$135
Days on Market142
Property Features for 407 Center St Unit Taft ca 93268
General Information
Standard status
Active
Property type
Storefront properties, Retail properties & Spaces
Size
1,000 SF
Total Parking Spaces
5
Building Details
Buildings
1
Stories
1
Units
1
Listed By:
Julien Vega
(661) 717-6481
Added: May 4
Investment Insights
Based on property information with market context.
Located at 407 Center St in Taft, CA 93268, this storefront property is available for sale with payments accepted and a down payment option. The property is situated in a desirable area of downtown Taft, offering convenient access to local amenities. The property has a size of 1000 square feet. It is within walking distance of Taft's movie theater and restaurants.
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
$9,881
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
7.32%
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%
$197,620
$197.6K
Cap Rate 7%
$141,157
$141.2K
Cap Rate 9%
$109,789
$109.8K
Market Conditions
NOI Build-Up for 1,000 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
$15.0K $15.00/SF
− Vacancy
−$885 −$0.89/SF
EGI
$14.1K $14.11/SF
− OpEx
−$4.2K −$4.23/SF
NOI
$9.9K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /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%
$197,620
Cap Rate 7%
$141,157
Cap Rate 9%
$109,789
Alternative Uses
Best Use
Retail
$141.2K
$123.5K – $164.7K
NOI $9,881 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$213.6K
$186.9K – $249.2K
NOI $14,954 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
90k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 42%
Groceries 11%
Electronics 4%
McDonald's
Dining
13,994 visits/mo
0.4 miles
Fastrip
Shops & Services
11,498 visits/mo
0.4 miles
Starbucks
Dining
10,690 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
9,906 visits/mo
0.2 miles
Dollar General
Shops & Services
8,025 visits/mo
0.3 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
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Similar Off Market Nearby
- Jack's Flower Shop — 430 Center St, Taft, CA 93268
- Country Corner Florist — 530 Kern St # B, Taft, CA 93268
- Albertsons Floral — 1044 Kern St, Taft, CA 93268
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property for sale, payments accepted with down payment.
Where is this storefront property located?
The property is located at 407 Center St Unit Taft ca 93268 Taft, CA.
What is the asking price?
The asking price for this property is $135,000.
