Flex Space with Private
For Sale
Contact for pricing
6657 Meany Ave, Bakersfield, CA 93308
Ground-level access, private offices, and a dedicated yard support varied commercial operations.
Property Size8,000 SF
Price / SF$165.63
Days on Market8
Property Features for 6657 Meany Ave
General Information
Standard status
Active
Size
8,000 SF
Property subtype
FLEX_R_AND_D
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Additional Details
Outdoor Storage
Yes
Listing Agency:
ASU Commercial
(661) 885-6950
Listed By:
Wesley M. McDonald
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 8:34AM
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 8,000-square-foot flex space at 6657 Meany Ave in Bakersfield, California, combines functional warehouse capacity with dedicated office areas. The property includes two private offices and two ground-level doors measuring 12 feet by 14 feet, providing direct access for receiving and storage activities. Clear height ranges from 18 feet to 20 feet, supporting a range of commercial and industrial layouts.
A private yard area is also included, adding secured outdoor space for property operations and material handling. The combination of warehouse volume, office separation, ground-level access, and exterior yard space creates a flexible commercial configuration.
A private yard area is also included, adding secured outdoor space for property operations and material handling. The combination of warehouse volume, office separation, ground-level access, and exterior yard space creates a flexible commercial configuration.
Key Highlights
- 8,000‑square‑foot flex space at 6657 Meany Ave
- Two 12’ x14’ ground‑level doors
- Two private offices
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
$105,840
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
7.99%
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%
$2,116,800
$2.1M
Cap Rate 7%
$1,512,000
$1.5M
Cap Rate 9%
$1,176,000
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$168.0K $21.00/SF
− Vacancy
−$26.9K −$3.36/SF
EGI
$141.1K $17.64/SF
− OpEx
−$35.3K −$4.41/SF
NOI
$105.8K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,116,800
Cap Rate 7%
$1,512,000
Cap Rate 9%
$1,176,000
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 7.99%
Second Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,185 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,608 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Tacos Torres & Catering — 7800 Rosedale Hwy, Bakersfield, CA 93308
- Prohibition Lounge at 1933 Event Center — 7900 Downing Ave a, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Flex space - Ground-level access, private offices, and a dedicated yard support varied commercial operations.
Where is this flex space located?
The property is located at 6657 Meany Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 8,000‑square‑foot flex space at 6657 Meany Ave; Two 12’ x14’ ground‑level doors; Two private offices
