Downtown Storefront
New
For Sale
$299,999
525 E 19th, Bakersfield, CA 93305
Open commercial interior with rear rooms and alley access in Downtown Bakersfield.
Property Size1,445 SF
Price / SF$207.61
Days on Market2
Property Features for 525 E 19th
General Information
Standard status
Active
Size
1,445 SF
Property subtype
Commercial
Building Details
Building Size
1,445 SF
Year Built
1915
Listing Agency:
Golden Valley Real Estate Group
Listed By:
Roger Magana · License #01708253
(661) 323-7000
Source:
Elliman
Added: Sep 18
Last Checked: Sep 19 at 9:53AM
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 Golden Valley Real Estate Group
Investment Insights
Based on property information with market context.
This 1,445-square-foot storefront property, built in 1915, provides an open commercial interior with two distinct rooms positioned at the rear. Those enclosed areas can accommodate office functions, work areas, or other user-defined configurations within the existing layout.
Rear alley access extends to the back portion of the property, providing a separate service and access point. The building is located in Downtown Bakersfield, with a Walk Score of 56, a Bike Score of 44, and a Transit Score of 39.
Rear alley access extends to the back portion of the property, providing a separate service and access point. The building is located in Downtown Bakersfield, with a Walk Score of 56, a Bike Score of 44, and a Transit Score of 39.
Key Highlights
- 1,445‑square‑foot commercial building
- Built in 1915
- Open interior layout with two separate rear rooms
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
$13,837
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
4.61%
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%
$276,740
$276.7K
Cap Rate 7%
$197,671
$197.7K
Cap Rate 9%
$153,744
$153.7K
Market Conditions
NOI Build-Up for 1,445 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
$20.8K $14.40/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$19.8K $13.68/SF
− OpEx
−$5.9K −$4.10/SF
NOI
$13.8K $9.58/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /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%
$276,740
Cap Rate 7%
$197,671
Cap Rate 9%
$153,744
Alternative Uses
Best Use
Retail
$197.7K
$173.0K – $230.6K
NOI $13,837 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.5K
$335.5K – $447.4K
NOI $26,842 @ 7.0% cap · market cap 8.95%
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
2,997
Businesses Nearby
55k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 26%
Hotels & Casinos 16%
Home Improvements & Furnishings 7%
McDonald's
Dining
22,381 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,383 visits/mo
0.4 miles
Bakersfield Marriott At The Convention Center
Hotels & Casinos
6,735 visits/mo
0.3 miles
Mexico Restaurant
Dining
5,576 visits/mo
0.2 miles
Mobil
Shops & Services
5,302 visits/mo
0.3 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Bakersfield, CA
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial interior with rear rooms and alley access in Downtown Bakersfield.
Where is this storefront property located?
The property is located at 525 E 19th Bakersfield, CA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,445‑square‑foot commercial building; Built in 1915; Open interior layout with two separate rear rooms
