Six-Tenant Retail Pad
900-920 California Ave, Bakersfield, CA 93304
For Sale
Contact for pricing
All six tenant spaces are leased, with the improved land parcel included in the sale.
Property Size9,649 SF
Price / SF$323.87
Days on Market8
Property Features for 900-920 California Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Commercial Retail Associates
(559) 650-1300
Listed By:
Bryan Cifranic · License #01809130
(559) 650-1316
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 7:10AM
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 Commercial Retail Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,649-square-foot retail pad building has six tenant spaces and is fully leased. The sale also includes the improved land parcel, with fee-simple ownership of the land and building. Lease terms are staggered, and the tenant mix is service-oriented.
The property is part of an entertainment center that includes an aquatic center, movie theater, and ice rink. It is near the California Avenue and Union Avenue intersection, where traffic exceeds 44,000 vehicles daily. More than 210,000 people live within a five-mile radius.
The property is part of an entertainment center that includes an aquatic center, movie theater, and ice rink. It is near the California Avenue and Union Avenue intersection, where traffic exceeds 44,000 vehicles daily. More than 210,000 people live within a five-mile radius.
Key Highlights
- 9,649‑square‑foot building with six tenant spaces
- 100% leased, with staggered lease terms
- Improved land parcel included; fee‑simple ownership of land and building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,399
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,847,980
$1.8M
Cap Rate 7%
$1,319,986
$1.3M
Cap Rate 9%
$1,026,656
$1.0M
Market Conditions
NOI Build-Up for 9,649 SF
Gross rent
$138.9K $14.40/SF
− Vacancy
−$6.9K −$0.72/SF
EGI
$132.0K $13.68/SF
− OpEx
−$39.6K −$4.10/SF
NOI
$92.4K $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%
$1,847,980
Cap Rate 7%
$1,319,986
Cap Rate 9%
$1,026,656
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,399 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,240 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,032
Businesses Nearby
83k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 62%
Dining 24%
Hotels & Casinos 11%
Shops & Services 2%
Superior Grocers
Groceries
51,756 visits/mo
0.5 miles
Starbucks
Dining
16,982 visits/mo
0.4 miles
Bakersfield Marriott At The Convention Center
Hotels & Casinos
6,735 visits/mo
0.2 miles
SUBWAY
Dining
3,036 visits/mo
0.5 miles
Best Western Plus Hill House
Hotels & Casinos
2,148 visits/mo
0.4 miles
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Save Mart, 1115 Union Ave, Bakersfield, CA 93307
- California DMV Now Kiosk — 1115 Union Ave, Bakersfield, CA 93307
- Dog Daycare — downtown, bakersfield, ca 93301
Frequently Asked Questions
What type of property is this?
Shopping center - All six tenant spaces are leased, with the improved land parcel included in the sale.
Where is this shopping center located?
The property is located at 900-920 California Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: 9,649‑square‑foot building with six tenant spaces; 100% leased, with staggered lease terms; Improved land parcel included; fee‑simple ownership of land and building
