Flex Space with Fenced
For Sale
$1,675,000
4303 E Brundage Ln, Bakersfield, CA 93307
M-2 property combines improved offices, warehouse space, and truck access for industrial operations.
Property Size10,000 SF
Lot Size0.73 Acres
Price / SF$167.52
Days on Market300
Property Features for 4303 E Brundage Ln
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.73 Acres
Zoning
M-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,400 SF
Office Build-Out
3,600 SF
Drive-In Doors
2
Building Details
Year Built
2006
Buildings
1
Building Size
10,000 SF
Construction
metal
Listing Agency:
Coldwell Banker Preferred, REALTORS
(661) 834-7099
Listed By:
David Gay
(661) 834-7099
Source:
Exprealty
Added: Nov 3, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:18PM
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 Coldwell Banker Preferred, REALTORS
Investment Insights
Based on property information with market context.
Built in 2006, this metal flex-space property includes approximately 10,000 square feet under roof. The configuration provides 3,600 square feet of improved office area, a mezzanine for parts or storage, and a 6,400-square-foot warehouse with high-bay lighting. Two 14' x 16' ground-level truck doors support loading and service activity. A fenced yard adds approximately 4,700 square feet of asphalt-paved work area, with more than 10,000 square feet available for equipment, storage, or additional expansion.
The property occupies a 32,000-square-foot M-2 lot along the East Brundage corridor and backs along Hwy. 58. A freeway-visible pole sign provides property identification. Nearby businesses offer automotive, construction, and truck-related goods and services. Previous occupants included roofing, HVAC, and solar contractors, providing a factual reference for prior commercial use.
The property occupies a 32,000-square-foot M-2 lot along the East Brundage corridor and backs along Hwy. 58. A freeway-visible pole sign provides property identification. Nearby businesses offer automotive, construction, and truck-related goods and services. Previous occupants included roofing, HVAC, and solar contractors, providing a factual reference for prior commercial use.
Key Highlights
- Approximately 10,000 SF metal flex‑space building constructed in 2006
- 3,600 SF of improved office space plus a 6,400 SF warehouse
- Warehouse features high‑bay lighting and two 14' x 16' ground‑level truck doors
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
$128,350
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
7.66%
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%
$2,567,000
$2.6M
Cap Rate 7%
$1,833,571
$1.8M
Cap Rate 9%
$1,426,111
$1.4M
Market Conditions
NOI Build-Up for 9,999 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
$210.0K $21.00/SF
− Vacancy
−$38.8K −$3.89/SF
EGI
$171.1K $17.12/SF
− OpEx
−$42.8K −$4.28/SF
NOI
$128.3K $12.84/SF
Area
ZIP 93307
Vacancy
18.50%
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%
$2,567,000
Cap Rate 7%
$1,833,571
Cap Rate 9%
$1,426,111
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,350 @ 7.0% cap · market cap 7.66%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,586 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,946 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
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?
Flex space - M-2 property combines improved offices, warehouse space, and truck access for industrial operations.
Where is this flex space located?
The property is located at 4303 E Brundage Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Approximately 10,000 SF metal flex‑space building constructed in 2006; 3,600 SF of improved office space plus a 6,400 SF warehouse; Warehouse features high‑bay lighting and two 14' x 16' ground‑level truck doors
