Commercial Building Used as
For Sale
$165,000
Pending
501 6th St, Taft, CA 93268
Commercial building currently used as a doctor's office for sale.
Property Size1,160 SF
Lot Size0.15 Acres
Days on Market212
Property Features for 501 6th St
General Information
Standard status
Pending
Size
1,160 SF
Lot size
0.15 Acres
Property subtype
Commercial
Building Details
Building Size
1,160 SF
Year Built
1968
Listing Agency:
Real Estate eBroker Inc.
Listed By:
Karri Christensen · License #01333971
(760) 722-3222
Source:
Elliman
Added: Mar 10
Changed: Sep 30
Last Checked: Oct 5 at 6:38PM
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 Real Estate eBroker Inc.
Investment Insights
Based on property information with market context.
This commercial building is currently used as a doctor's office. The property was ADA compliant at the time the current tenants opened their business. The current lease began on May 1, 2019, and ends on April 30, 2022, with a monthly rent of $2,000. The tenants have been in place since December 2008 and are responsible for gas and electric expenses. The owner covers water, sewer, and trash expenses as per the lease agreement. The property includes two separated building spaces: 501 6th St, currently used as a doctor's office, and 503 6th St, used as a private office area.
Key Highlights
- Long‑term tenants since 2008 provide stable rental income.
- Current lease in place for $2,000 per month.
- Two separate building spaces (501 & 503 6th St) offer flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,329
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,580
$266.6K
Cap Rate 7%
$190,414
$190.4K
Cap Rate 9%
$148,100
$148.1K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$20.2K $17.40/SF
− Vacancy
−$2.4K −$2.08/SF
EGI
$17.8K $15.32/SF
− OpEx
−$4.4K −$3.83/SF
NOI
$13.3K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,580
Cap Rate 7%
$190,414
Cap Rate 9%
$148,100
Alternative Uses
Best Use
Office B
$190.4K
$166.6K – $222.2K
NOI $13,329 @ 7.0% cap · market cap 8.08%
Second Best
Healthcare Medical
$131.3K
$114.9K – $153.2K
NOI $9,192 @ 7.0% cap · market cap 5.57%
Theoretical Best
Warehouse
$247.8K
$216.8K – $289.1K
NOI $17,347 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial building currently used as a doctor's office for sale.
Where is this medical office space located?
The property is located at 501 6th St Taft, CA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Long‑term tenants since 2008 provide stable rental income.; Current lease in place for $2,000 per month.; Two separate building spaces (501 & 503 6th St) offer flexibility.
