Turn-Key Restaurant with Full
For Sale
$899,990
707 12th Avenue, Delano, CA 93215
COMMERCIAL - Delano, CA
Property Size5,366 SF
Lot Size0.19 Acres
Price / SF$167.72
Days on Market245
Property Features for 707 12th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Exterior features
Parking/50+ Spaces
Directions
Off of 11th Ave, head North on Glenwood St.
Subdivision
Delano
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
03811004
Size
5,366 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Building Details
Flooring type
Vinyl
Listing Agency:
Century 21 Select Group · Century 21 Real Estate
(559) 733-9696
Listed By:
Victor M Bueno · License #01942762
(661) 454-9527
Added: Dec 10, 2025
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 233297
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A turn-key restaurant is available for new owners/chefs/promoters at 707 12th Avenue in Delano, CA. The property includes a full kitchen, tables and chairs, and a full-service bar, with the current operating setup presented as ready-to-run for the right buyer.
In addition to the restaurant configuration, the listing states that restaurant-related licenses are available and may be negotiated, including a full Liquor License (ABC-47) and a Live Music Entertainment License. Zoning is listed as GC.
The site is set on approximately 0.19 acres, with the property size noted as 5,366 square feet.
In addition to the restaurant configuration, the listing states that restaurant-related licenses are available and may be negotiated, including a full Liquor License (ABC-47) and a Live Music Entertainment License. Zoning is listed as GC.
The site is set on approximately 0.19 acres, with the property size noted as 5,366 square feet.
Key Highlights
- Turn‑key restaurant with existing success in food sales and entertainment.
- Includes a full kitchen, tables, chairs, and a full‑service bar.
- Opportunity to negotiate for 3 Licenses: Restaurant, Full Liquor License ABC‑47, and Live Music Entertainment License.
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
$59,329
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
6.59%
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%
$1,186,580
$1.2M
Cap Rate 7%
$847,557
$847.6K
Cap Rate 9%
$659,211
$659.2K
Market Conditions
NOI Build-Up for 5,366 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
$83.7K $15.60/SF
− Vacancy
−$4.6K −$0.86/SF
EGI
$79.1K $14.74/SF
− OpEx
−$19.8K −$3.69/SF
NOI
$59.3K $11.06/SF
Area
Kern County, CA
Vacancy
5.50%
Lease Rate
$15.60 /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%
$1,186,580
Cap Rate 7%
$847,557
Cap Rate 9%
$659,211
Alternative Uses
Best Use
Specialty Retail
$847.6K
$741.6K – $988.8K
NOI $59,329 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,243 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
363k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 32%
Groceries 18%
Apparel 4%
Vallarta Supermarket
Groceries
33,416 visits/mo
0.4 miles
Smart & Final
Groceries
32,437 visits/mo
0.4 miles
Fastrip
Shops & Services
28,639 visits/mo
0.4 miles
Carl's Jr.
Dining
28,045 visits/mo
0.3 miles
McDonald's
Dining
26,350 visits/mo
0.4 miles
Demographics for 93215, CA
53,626
Population
13,207
Households
4.1
Avg Household Size
32
Median Age
8%
College-Educated
62%
High-School Grad
145.5 sq mi
ZIP Area
369
Density / Sq Mi
$61,329
Median Household Income
$26,998
Median Earnings
$1,085
Median Rent
$271,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key Delano restaurant offering a full kitchen, tables and chairs, and a full-service bar.
Where is this conventional restaurant located?
The property is located at 707 12th Avenue Delano, CA.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: Turn‑key restaurant with existing success in food sales and entertainment.; Includes a full kitchen, tables, chairs, and a full‑service bar.; Opportunity to negotiate for 3 Licenses: Restaurant, Full Liquor License ABC‑47, and Live Music Entertainment License.
