Retail Investment with Long-Term
For Sale
$375,000
Pending
470 7th St, Wasco, CA 93280
For sale retail property in Wasco, CA featuring long-term tenants and a total size of 2,103 square feet.
Property Size2,103 SF
Days on Market460
Property Features for 470 7th St
General Information
Standard status
Pending
Size
2,103 SF
Listing Agency:
Wingate Real Estate Services
(661) 758-6435
Listed By:
Sean Mellon
Source:
Exprealty
Added: Jun 2, 2025
Changed: Aug 20
Last Checked: Sep 2 at 1:27AM
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 Wingate Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale retail property is located in Wasco, California and is currently operating with long-term tenants. The asset is identified as a drug store/retail property and totals 2,103 square feet.
Situated in the heart of Wasco, the property benefits from being positioned within a local commercial setting, supporting continued in-place tenancy.
With long-term tenants already in place, this offering may appeal to investors looking for an income-oriented retail asset in Wasco.
Situated in the heart of Wasco, the property benefits from being positioned within a local commercial setting, supporting continued in-place tenancy.
With long-term tenants already in place, this offering may appeal to investors looking for an income-oriented retail asset in Wasco.
Key Highlights
- For sale retail property in Wasco, CA
- 2,103 SF total size
- Property has long‑term tenants
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
$23,252
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
6.20%
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%
$465,040
$465.0K
Cap Rate 7%
$332,171
$332.2K
Cap Rate 9%
$258,356
$258.4K
Market Conditions
NOI Build-Up for 2,103 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
$32.8K $15.60/SF
− Vacancy
−$1.8K −$0.86/SF
EGI
$31.0K $14.74/SF
− OpEx
−$7.8K −$3.69/SF
NOI
$23.3K $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%
$465,040
Cap Rate 7%
$332,171
Cap Rate 9%
$258,356
Alternative Uses
Best Use
Specialty Retail
$332.2K
$290.7K – $387.5K
NOI $23,252 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$296.8K
$259.7K – $346.3K
NOI $20,779 @ 7.0% cap · market cap 5.54%
Theoretical Best
Warehouse
$449.3K
$393.1K – $524.1K
NOI $31,448 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Electronics 15%
Home Improvements & Furnishings 7%
U.S. Bank
Shops & Services
6,686 visits/mo
0.3 miles
Chevron
Shops & Services
6,503 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,639 visits/mo
0.5 miles
True Value Hardware
Home Improvements & Furnishings
1,389 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,346 visits/mo
0.2 miles
Demographics for 93280, CA
28,182
Population
6,848
Households
4.1
Avg Household Size
29
Median Age
8%
College-Educated
63%
High-School Grad
316.0 sq mi
ZIP Area
89
Density / Sq Mi
$55,060
Median Household Income
$31,843
Median Earnings
$996
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Wasco Valley Pharmacy — 1139 7th St, Wasco, CA 93280
- Express Pharmacy — 650 F St, Wasco, CA 93280
Frequently Asked Questions
What type of property is this?
Drug store - For sale retail property in Wasco, CA featuring long-term tenants and a total size of 2,103 square feet.
Where is this drug store located?
The property is located at 470 7th St Wasco, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: For sale retail property in Wasco, CA; 2,103 SF total size; Property has long‑term tenants
