Bar and Lounge
For Sale
$400,000
907 N Chester Avenue, Bakersfield, CA 93308
Commercial Sale, Bakersfield, CA
Property Size2,231 SF
Lot Size0.06 Acres
Price / SF$179.29
Days on Market52
Property Features for 907 N Chester Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Subdivision
21
Standard status
Active
APN
11326217
Size
2,231 SF
Lot size
0.06 Acres
Building Details
Year built
1915
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
AJ Bhuee
6613275161x4622
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 26 at 2:06PM
MLS# 202511515
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1915, this 2,231-square-foot commercial building currently accommodates Long Branch Saloon, a full-service bar and lounge. The interior is configured for up to 100 patrons and includes a 65-foot bar. The lot measures 2,613 square feet, or 0.06 acres.
Located at 907 N Chester Avenue in Bakersfield, California, the property is zoned C-2. The offering includes the real property only. The existing occupant operates under a month-to-month tenancy, providing an established use within the building while keeping the sale focused on the underlying asset.
Located at 907 N Chester Avenue in Bakersfield, California, the property is zoned C-2. The offering includes the real property only. The existing occupant operates under a month-to-month tenancy, providing an established use within the building while keeping the sale focused on the underlying asset.
Key Highlights
- 2,231‑square‑foot commercial building
- 2,613 sf lot measuring 0.06 acres
- Currently houses Long Branch Saloon, a full‑service bar and lounge
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
$22,890
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
5.72%
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%
$457,800
$457.8K
Cap Rate 7%
$327,000
$327.0K
Cap Rate 9%
$254,333
$254.3K
Market Conditions
NOI Build-Up for 2,231 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
$32.1K $14.40/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.5K $13.68/SF
− OpEx
−$7.6K −$3.42/SF
NOI
$22.9K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$457,800
Cap Rate 7%
$327,000
Cap Rate 9%
$254,333
Alternative Uses
Best Use
Specialty Retail
$327.0K
$286.1K – $381.5K
NOI $22,890 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,443 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 27%
Shops & Services 14%
Electronics 2%
McDonald's
Dining
20,381 visits/mo
0.5 miles
Dollar General Market
Groceries
12,978 visits/mo
0.5 miles
Wienerschnitzel
Dining
6,438 visits/mo
0.5 miles
7-Eleven
Shops & Services
3,460 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,754 visits/mo
0.4 miles
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cruising Park — 11912156, bakersfield, ca 93301
- Trouts — 813 n chester ave, bakersfield, ca 93308
- Long Branch Saloon — 907 N Chester Ave, Bakersfield, CA 93308
- Rustic Rail Saloon — 147 E Norris Rd, Bakersfield, CA 93308
- Dugan's — 1721 N Chester Ave, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Bar & Pub - The property carries C-2 zoning and currently accommodates a full-service bar and lounge.
Where is this bar & pub located?
The property is located at 907 N Chester Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,231‑square‑foot commercial building; 2,613 sf lot measuring 0.06 acres; Currently houses Long Branch Saloon, a full‑service bar and lounge
