Retail Space with
615 Sumner St, Bakersfield, CA 93305
For Sale
Contact for pricing
Private restrooms and on-site parking support day-to-day business operations.
Property Size3,050 SF
Price / SF$114.75
Days on Market49
Property Features for 615 Sumner St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Amenities
private restrooms
Listing Agency:
Central Valley Property Advisors
Listed By:
Eric Van Denk · License CA #02223453
(661) 376-0575
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 6:09AM
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 Central Valley Property Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space contains approximately 3,050 square feet, including a basement of about 760 square feet. The layout also includes two private restrooms and 12 parking spaces.
Located at 615 Sumner St in Bakersfield’s Old Town Kern area, the property is near other retailers and surrounding neighborhoods.
Located at 615 Sumner St in Bakersfield’s Old Town Kern area, the property is near other retailers and surrounding neighborhoods.
Key Highlights
- Approximately 3,050 SF, including a roughly 760 SF basement
- 12 parking spaces
- Two private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,207
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,140
$584.1K
Cap Rate 7%
$417,243
$417.2K
Cap Rate 9%
$324,522
$324.5K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$43.9K $14.40/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$41.7K $13.68/SF
− OpEx
−$12.5K −$4.10/SF
NOI
$29.2K $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 Rate 5%
$584,140
Cap Rate 7%
$417,243
Cap Rate 9%
$324,522
Alternative Uses
Best Use
Retail
$417.2K
$365.1K – $486.8K
NOI $29,207 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$809.4K
$708.2K – $944.3K
NOI $56,657 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
11,050 visits/mo
0.3 miles
ARCO
Shops & Services
6,737 visits/mo
0.4 miles
AMPM
Shops & Services
4,700 visits/mo
0.4 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
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Bakersfield, CA
Properties on Market for Retail space in Bakersfield
Vacancy Rate% for Retail in Bakersfield, CA
Frequently Asked Questions
What type of property is this?
Retail space - Private restrooms and on-site parking support day-to-day business operations.
Where is this retail space located?
The property is located at 615 Sumner St Bakersfield, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 3,050 SF, including a roughly 760 SF basement; 12 parking spaces; Two private restrooms
