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 Market148
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: Oct 19
Last Checked: Oct 20 at 6:42PM
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
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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 / Yr
$384,241
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Derrel's Mini Storage — 5000 Ashe Rd, Bakersfield, CA 93313
- Arctic Glacier Premium Ice — 4701 Stine Rd, Bakersfield, CA 93313
- Kern Grainery — 5640 District Blvd #108, Bakersfield, CA 93311
- Otis Elevator Company — 4300 Ashe Rd Suite 108, Bakersfield, CA 93313
- 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
