Renovated Retail Building with
For Sale
Contact for pricing
528 Center St, Taft, CA 93268
Recently renovated retail building with parking on a 0.505-acre lot.
Property Size1,807 SF
Lot Size0.51 Acres
Price / SF$137.80
Days on Market1413
Property Features for 528 Center St
General Information
Standard status
Active
Size
1,807 SF
Lot size
0.51 Acres
Property subtype
Retail
Zoning
DC - Downtown Commercial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
C21 Commercial
(559) 359-4035
Listed By:
Jared Ennis · License #CA
Source:
Crexi
Added: Oct 17, 2022
Changed: Aug 27
Last Checked: Aug 26 at 4:30PM
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 C21 Commercial
Investment Insights
Based on property information with market context.
This is a retail building offering approximately 1,807 square feet of space, situated on an approximate 0.505-acre lot. The building was renovated in 2024 and features a new roof, flooring, lighting, and bathroom fixtures. The property includes an ADA-compliant restroom. The space is designed as an open retail or office area. Located on the corner of Center Street and 6th Street, the property benefits from frontage and visibility. It is positioned against the street, providing street parking, in addition to on-site parking stalls.
Key Highlights
- Renovated in 2024 with new roof, flooring, lighting, and bathroom fixtures.
- ±1,807 SF retail building on a ±0.505 acre lot with private parking.
- Located on the corner of Center St & 6th St offering outstanding frontage and visibility.
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
$17,854
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
7.17%
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%
$357,080
$357.1K
Cap Rate 7%
$255,057
$255.1K
Cap Rate 9%
$198,378
$198.4K
Market Conditions
NOI Build-Up for 1,807 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
$27.1K $15.00/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$25.5K $14.11/SF
− OpEx
−$7.7K −$4.23/SF
NOI
$17.9K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /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%
$357,080
Cap Rate 7%
$255,057
Cap Rate 9%
$198,378
Alternative Uses
Best Use
Retail
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 42%
Groceries 11%
Electronics 4%
McDonald's
Dining
13,994 visits/mo
0.4 miles
Fastrip
Shops & Services
11,498 visits/mo
0.4 miles
Starbucks
Dining
10,690 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
9,906 visits/mo
0.2 miles
Dollar General
Shops & Services
8,025 visits/mo
0.3 miles
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
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?
Retail space - Recently renovated retail building with parking on a 0.505-acre lot.
Where is this retail space located?
The property is located at 528 Center St Taft, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Renovated in 2024 with new roof, flooring, lighting, and bathroom fixtures.; ±1,807 SF retail building on a ±0.505 acre lot with private parking.; Located on the corner of Center St & 6th St offering outstanding frontage and visibility.
