Mixed-Use Property with
For Sale
$349,000
5209 Lake Isabella Blvd, Lake Isabella, CA 93240
Commercial Building, Lake Isabella, CA
Property Size2,100 SF
Price / SF$166.19
Days on Market48
Property Features for 5209 Lake Isabella Blvd
General Information
Property type
Residential
Property subtype
Office
Zoning
c2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Subdivision
Lake Isabella 93240
Standard status
Active
APN
263-081-04
Size
2,100 SF
Amenities
automotive lift
real wood floors
rich wood detailing
Building Details
Year built
1977
Floors in Building
2
Roof type
Metal
Listing Agency:
Real Broker
(619) 248-6434
Listed By:
Elizabeth Jimenez · License #01966834
(760) 223-1278
Added: Aug 4
Changed: Sep 15
Last Checked: Sep 20 at 6:06PM
MLS# 2608762
Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,200-square-foot retail space, a 720-square-foot shop equipped with an automotive lift, and an 1,800-square-foot, two-story residence. The home was built in 2017 and includes two bedrooms, two bathrooms, wood flooring, and wood interior detailing. The configuration supports a live-work arrangement, owner occupancy, or short-term rental use as described for the residence.
Located at 5209 Lake Isabella Boulevard in Lake Isabella, the property fronts a main thoroughfare and is positioned near surrounding businesses and outdoor recreation areas. C-2 zoning designates the site for buildings only and accommodates a range of commercial uses and future development.
Located at 5209 Lake Isabella Boulevard in Lake Isabella, the property fronts a main thoroughfare and is positioned near surrounding businesses and outdoor recreation areas. C-2 zoning designates the site for buildings only and accommodates a range of commercial uses and future development.
Key Highlights
- C‑2 zoning with buildings‑only designation
- 1,200‑square‑foot retail space
- 720‑square‑foot shop with automotive lift
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
$25,862
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
7.41%
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%
$517,240
$517.2K
Cap Rate 7%
$369,457
$369.5K
Cap Rate 9%
$287,356
$287.4K
Market Conditions
NOI Build-Up for 2,100 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
$38.8K $18.48/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$36.9K $17.59/SF
− OpEx
−$11.1K −$5.28/SF
NOI
$25.9K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /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%
$517,240
Cap Rate 7%
$369,457
Cap Rate 9%
$287,356
Alternative Uses
Best Use
Industrial
$369.5K
$323.3K – $431.0K
NOI $25,862 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$344.7K
$301.6K – $402.2K
NOI $24,130 @ 7.0% cap · market cap 6.91%
Theoretical Best
Warehouse
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 93240, CA
5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
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?
Mixed-use property - C-2 commercial zoning combines retail, automotive, and residential improvements along Lake Isabella Boulevard.
Where is this mixed-use property located?
The property is located at 5209 Lake Isabella Blvd Lake Isabella, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: C‑2 zoning with buildings‑only designation; 1,200‑square‑foot retail space; 720‑square‑foot shop with automotive lift
