Automotive Garage Shop For
For Sale
Contact for pricing
900 Flower St, Bakersfield, CA 93305
3,011 sq ft automotive garage shop on 18,295 sq ft lot.
Property Size3,011 SF
Lot Size0.42 Acres
Price / SF$282.30
Days on Market741
Property Features for 900 Flower St
General Information
Standard status
Active
Size
3,011 SF
Lot size
0.42 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
C1
Investment Type
Owner/User
Building Details
Year Built
1965
Buildings
1
Tenancy
Single
Listing Agency:
Watson Realty
(661) 912-5778
Listed By:
William Chicas · License #CA 01815714
Source:
Crexi
Added: Aug 20, 2024
Changed: Aug 28
Last Checked: Aug 28 at 12:00PM
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 Watson Realty
Investment Insights
Based on property information with market context.
The property features a 3,011 sq ft automotive garage shop situated on an 18,295 sq ft lot. Zoned C1, the property is located on a highly visible corner. The facility includes two large garage doors for vehicle access, a storage area, and ample workspace. An on-site office is available for client consultations, and a restroom is provided for convenience. The property also features abundant parking and street exposure. This property is suited for automotive business needs.
Key Highlights
- 3,011 sq ft automotive garage shop on a highly visible corner lot.
- Zoned C1, ideally suited for automotive business needs.
- Expansive 18,295 sq ft lot with abundant parking and exceptional street exposure.
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
$30,743
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
3.62%
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%
$614,860
$614.9K
Cap Rate 7%
$439,186
$439.2K
Cap Rate 9%
$341,589
$341.6K
Market Conditions
NOI Build-Up for 3,011 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
$47.0K $15.60/SF
− Vacancy
−$3.1K −$1.01/SF
EGI
$43.9K $14.59/SF
− OpEx
−$13.2K −$4.38/SF
NOI
$30.7K $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%
$614,860
Cap Rate 7%
$439,186
Cap Rate 9%
$341,589
Alternative Uses
Best Use
Industrial
$439.2K
$384.3K – $512.4K
NOI $30,743 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$411.9K
$360.4K – $480.6K
NOI $28,833 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
11,050 visits/mo
0.4 miles
ARCO
Shops & Services
6,737 visits/mo
0.4 miles
AMPM
Shops & Services
4,700 visits/mo
0.4 miles
76
Shops & Services
4,619 visits/mo
0.1 miles
Watermill Express
Shops & Services
2,886 visits/mo
0.4 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Bud's Brake & Wheel Parts — 305 E 19th St, Bakersfield, CA 93305
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- Good Year — 530 E 21st St, Bakersfield, CA 93305
- Dave's Fabrication — 429 E 21st St, Bakersfield, CA 93305
Frequently Asked Questions
What type of property is this?
Auto shop - 3,011 sq ft automotive garage shop on 18,295 sq ft lot.
Where is this auto shop located?
The property is located at 900 Flower St Bakersfield, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,011 sq ft automotive garage shop on a highly visible corner lot.; Zoned C1, ideally suited for automotive business needs.; Expansive 18,295 sq ft lot with abundant parking and exceptional street exposure.
