Industrial Multi-Tenant Office-Warehouse For
For Sale
Contact for pricing
531 Chico Aka Butte St, Bakersfield, CA
Industrial multi-tenant office-warehouse investment or owner-user opportunity.
Property Size15,895 SF
Lot Size2.95 Acres
Price / SF$135.26
Days on Market324
Property Features for 531 Chico Aka Butte St
General Information
Standard status
Active
Size
15,895 SF
Lot size
2.95 Acres
Property subtype
INDUSTRIAL
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Wesley M. McDonald
(661) 885-6950
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Sep 10
Last Checked: Oct 7 at 2:22PM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This industrial property, suitable for warehouse and flex space use, offers an opportunity for investment or owner-occupancy. The property has a size of 15895 square feet.
Key Highlights
- Multi‑tenant office‑warehouse available
- Investment opportunity
- Owner‑user opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,068
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,941,360
$3.9M
Cap Rate 7%
$2,815,257
$2.8M
Cap Rate 9%
$2,189,644
$2.2M
Market Conditions
NOI Build-Up for 15,895 SF
Gross rent
$248.0K $15.60/SF
− Vacancy
−$16.1K −$1.01/SF
EGI
$231.8K $14.59/SF
− OpEx
−$34.8K −$2.19/SF
NOI
$197.1K $12.40/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,941,360
Cap Rate 7%
$2,815,257
Cap Rate 9%
$2,189,644
Alternative Uses
Best Use
Warehouse
$2.82M
$2.46M – $3.28M
NOI $197,068 @ 7.0% cap · market cap 9.17%
Second Best
Industrial
$2.32M
$2.03M – $2.70M
NOI $162,291 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,266 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial multi-tenant office-warehouse investment or owner-user opportunity.
Where is this warehouse located?
The property is located at 531 Chico Aka Butte St Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Multi‑tenant office‑warehouse available; Investment opportunity; Owner‑user opportunity
