Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    528 Center St Taft, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,807 SF retail building with leasing potential.

    Type:RETAIL
    Property size:
    1,807 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $137/SF
    Added:
    Jul 12, 2023
    Days on Market:
    1023
    Last Refresh:
    Apr 5 at 10:47 pm

    Property Features for 528 Center St

    General Information

    Standard status
    Active
    Size
    1,807 SF
    Lot size
    0.51 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jared Ennis
    Jared Ennis

    Listing agent Jared Ennis License #01516541

    Listing office KW Commercial | Central California

    Listing date Jul 12, 2023

    Source Moodyscre

    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 KW Commercial | Central California

    Overview

    Retail Building with Private Parking

    The property features an approximately 1,807 square foot retail building with private parking. It is a freestanding building located on a hard corner, offering excellent visibility and presence, surrounded by quality tenants. The property includes ample private parking with frontage on Center Street. There are four outside pole lights on the property. The location is convenient, situated between CA-33 and CA-119. The surrounding area has an estimated 20,480 residents within a 10-mile radius, indicating a substantial customer base. The property presents an upside in leasing potential or owner/user occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Albertsons Floral — 1044 Kern St, Taft, CA 93268
    • Jack's Flower Shop — 430 Center St, Taft, CA 93268
    • Country Corner Florist — 530 Kern St # B, Taft, CA 93268

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    Kern
    State
    California
    Longitude
    -119.459
    Latitude
    35.1411

    Nearby Similar for Sale

    • $189,000
      4,400 SF

      Retail Building in Historic Taft

      Prime retail building with adjacent lot in Taft, California.
      710 Center Street, Taft, CA 93268
      View Details
    • $229,900
      2,306 SF

      Mixed-Use Building in Taft, CA

      Mixed-use property with commercial space and residential unit.
      605 S 10th Street, Taft, CA 93268
      View Details
    • $650,000
      4,568 SF

      Taft Restaurant Opportunity For Sale

      Freestanding ±4,568 SF restaurant in Taft, California.
      401 2nd St, Taft, CA 93268
      View Details
    • $725,000
      13,500 SF

      Turn-key Automotive Building For Sale

      Automotive building with retail space, excellent location, new roof.
      531 Center St, Taft, CA
      View Details
    • $785,000
      6,800 SF

      Industrial Warehouse Near Taft Field

      6,800 SF warehouse/office near major transportation routes.
      1589 Kern Street, Taft, CA 93268
      View Details
    • $999,000
      10,860 SF

      Versatile Industrial Warehouse Near Taft

      10,860 SF warehouse/office on 2.01 acres, zoned M-1.
      1587 Hwy 33, Taft, CA
      View Details
    • $785,000
      6,800 SF

      Industrial Warehouse/Office Near Taft Field

      6,800 SF industrial warehouse/office on 2.5 acres.
      1589 Hwy 33, Taft, CA
      View Details
    • $160,000
      2,832 SF

      Taft Commercial Opportunity For Sale

      C-2 zoned commercial property with renovation or redevelopment potential.
      410 Harrison St, Taft, CA 93268
      View Details
    • $999,000
      10,860 SF

      Versatile Industrial Warehouse/Office Property

      10,860 SF industrial warehouse/office on 2.01 acres.
      1587 Kern Street. Taft, CA, USA, Taft, CA 93268
      View Details
    • $775,000
      6,000 SF

      Versatile Industrial Warehouse/Office Property

      6,000 SF industrial warehouse/office on 1.5 acre lot.
      1537 Kern Highway 33rd St, Taft, CA
      View Details
    • $699,000

      Equestrian and Motorsports Estate

      38+ acre equestrian and motorsports estate with endless possibilities.
      116 Ash, Taft, CA 93268
      View Details
    • $129,999
      1,296 SF

      Established Restaurant in High-Traffic Location

      Turnkey restaurant with high visibility and established customer base.
      300 Kern St, Taft, CA
      View Details

    FAQs

    What type of property is this?
    Storefront property - 1,807 SF retail building with leasing potential.
    Where is this storefront property located?
    The property is located at 528 Center St Taft, CA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Freestanding ±1,807 SF Retail Building with Private Parking; **Hard Corner Location with Excellent Presence**; Upside in Leasing Potential or Owner/User Occupancy
    (559) 705-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jared Ennis
    Jared Ennis
    Real Estate License ID: 01516541
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!