Leased Retail
New
For Sale
$3,125,000
900 and 920 California Avenue, Bakersfield, CA 93304
Six tenants occupy the center, with staggered lease terms and service-oriented businesses.
Property Size9,649 SF
Days on Market2
Property Features for 900 and 920 California Avenue
General Information
Standard status
Active
Size
9,649 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
44,000 vehicles/day
Tenant in Place
Yes
Building Details
Building Size
9,649 SF
Year Built
2016
Buildings
1
Tenancy
Multi
Listing Agency:
Capacity Commercial Group
Listed By:
Ashton Summers · License #201217697
(503) 747-9586
Source:
Buildout
Added: Nov 4
Last Checked: Nov 4 at 2:36PM
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 Capacity Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2016, this retail center comprises a six-tenant building and includes an improved land parcel. The property is fully leased, with a service-oriented tenant mix and leases that expire at different times. Fee-simple ownership includes both the land and building.
The center is part of an entertainment complex with an aquatic center, movie theater, and ice rink. It sits near the California and Union Avenue intersection, where reported daily traffic exceeds 44,000 vehicles. The surrounding trade area includes more than 210,000 people within a five-mile radius.
The center is part of an entertainment complex with an aquatic center, movie theater, and ice rink. It sits near the California and Union Avenue intersection, where reported daily traffic exceeds 44,000 vehicles. The surrounding trade area includes more than 210,000 people within a five-mile radius.
Key Highlights
- Six‑tenant retail center, fully leased
- Improved land parcel included in the sale
- Staggered lease terms across a service‑oriented tenant mix
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
44,000 VPD
Traffic count
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Bakersfield, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - Six tenants occupy the center, with staggered lease terms and service-oriented businesses.
Where is this shopping center located?
The property is located at 900 and 920 California Avenue 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: Six‑tenant retail center, fully leased; Improved land parcel included in the sale; Staggered lease terms across a service‑oriented tenant mix
