Heavy Industrial Warehouse with
For Sale
$5,000,000
5455 District Blvd, Bakersfield, CA 93313
Heavy industrial facility totaling 26,333 SF, including warehouse and office space, on 7.57 acres with ongoing renovations.
Property Size26,333 SF
Lot Size7.57 Acres
Price / SF$189.88
Days on Market103
Property Features for 5455 District Blvd
General Information
Standard status
Active
Size
26,333 SF
Lot size
7.57 Acres
Property subtype
Industrial
Zoning
M-2
Building Details
Building Size
26,333 SF
Year Built
1973
Listing Agency:
Lee & Associates - Charlotte
Listed By:
Eric J. Powers · License #CalDRE #00977873
(661) 201-0320
Source:
Lee-associates
Added: May 27
Changed: Sep 2
Last Checked: Sep 5 at 6:53AM
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 Lee & Associates - Charlotte
Investment Insights
Based on property information with market context.
This for-sale heavy industrial property totals approximately 26,333 SF, including a primary building of about 20,933 SF plus a secondary warehouse of about 5,400 SF. The site also includes approximately 2,500 SF of office space. The property sits on a 7.57-acre lot and is zoned M-2 (Heavy Industrial).
The building was constructed in 1973, and renovations are currently ongoing, which may allow for future modernization and tenant-ready updates as work progresses.
The current configuration combines warehouse areas with dedicated office space within an M-2 industrial setting, positioned for manufacturing, warehouse, and other heavy industrial uses consistent with the zoning classification.
The building was constructed in 1973, and renovations are currently ongoing, which may allow for future modernization and tenant-ready updates as work progresses.
The current configuration combines warehouse areas with dedicated office space within an M-2 industrial setting, positioned for manufacturing, warehouse, and other heavy industrial uses consistent with the zoning classification.
Key Highlights
- Heavy industrial facility totaling 26,333 SF
- Includes primary building of 20,933 SF plus 1,400 SF secondary warehouse space
- On‑site office space totals 2,500 SF
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
$384,241
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
7.68%
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%
$7,684,820
$7.7M
Cap Rate 7%
$5,489,157
$5.5M
Cap Rate 9%
$4,269,344
$4.3M
Market Conditions
NOI Build-Up for 26,333 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
$483.5K $18.36/SF
− Vacancy
−$31.4K −$1.19/SF
EGI
$452.0K $17.17/SF
− OpEx
−$67.8K −$2.57/SF
NOI
$384.2K $14.59/SF
Area
ZIP 93313
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$7,684,820
Cap Rate 7%
$5,489,157
Cap Rate 9%
$4,269,344
Alternative Uses
Best Use
Warehouse
$5.49M
$4.80M – $6.40M
NOI $384,241 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.74M
$5.90M – $7.86M
NOI $471,769 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93313, CA
58,322
Population
17,232
Households
3.4
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
100.6 sq mi
ZIP Area
580
Density / Sq Mi
$93,396
Median Household Income
$42,099
Median Earnings
$1,857
Median Rent
$349,800
Median Home Value
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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- Advanced Data Storage, Inc. — 6001 Schirra Ct, Bakersfield, CA 93313
Frequently Asked Questions
What type of property is this?
Warehouse - Heavy industrial facility totaling 26,333 SF, including warehouse and office space, on 7.57 acres with ongoing renovations.
Where is this warehouse located?
The property is located at 5455 District Blvd Bakersfield, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Heavy industrial facility totaling 26,333 SF; Includes primary building of 20,933 SF plus 1,400 SF secondary warehouse space; On‑site office space totals 2,500 SF
