Two-Entry Flex
For Sale
$258,000
715 24th Street, Bakersfield, CA 93301
Compact commercial building with two bathrooms and bus stops directly in front.
Property Size768 SF
Price / SF$335.94
Days on Market11
Property Features for 715 24th Street
General Information
Standard status
Active
Size
768 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Americana Real Estate & Investments
(661) 331-2982
Listed By:
Joseph Leon
(661) 331-2982
Source:
Xome
Added: Aug 9
Changed: Aug 19
Last Checked: Aug 19 at 5:11AM
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 Americana Real Estate & Investments
Investment Insights
Based on property information with market context.
This 768-square-foot commercial building offers two front-door access points, two bathrooms, and two separate addresses at 711 and 715 24th Street. Built in 1946, the property provides a compact configuration for a range of small-business operations.
The location places bus stops directly in front of the building. Examples of uses identified for the space include an electric bike shop, small appliance repair, storage, alterations, upholstery, custom printing, and coin and stamp collecting.
The location places bus stops directly in front of the building. Examples of uses identified for the space include an electric bike shop, small appliance repair, storage, alterations, upholstery, custom printing, and coin and stamp collecting.
Key Highlights
- 768 SF commercial building
- Two front‑door access points
- Two bathrooms
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
$7,841
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
3.04%
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%
$156,820
$156.8K
Cap Rate 7%
$112,014
$112.0K
Cap Rate 9%
$87,122
$87.1K
Market Conditions
NOI Build-Up for 768 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
$12.0K $15.60/SF
− Vacancy
−$779 −$1.01/SF
EGI
$11.2K $14.59/SF
− OpEx
−$3.4K −$4.38/SF
NOI
$7.8K $10.21/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$156,820
Cap Rate 7%
$112,014
Cap Rate 9%
$87,122
Alternative Uses
Best Use
Industrial
$112.0K
$98.0K – $130.7K
NOI $7,841 @ 7.0% cap · market cap 3.04%
Second Best
Retail
$105.1K
$91.9K – $122.6K
NOI $7,354 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,736
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Compact commercial building with two bathrooms and bus stops directly in front.
Where is this flex space located?
The property is located at 715 24th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 768 SF commercial building; Two front‑door access points; Two bathrooms
