Multi-Building Flex Retail &
For Sale
$1,025,000
Chester Avenue, Bakersfield, CA 93301
Two buildings totaling about 9,150 sf with 79-panel paid solar and 200-amp 220-volt service, zoned C2.
Property Size9,150 SF
Price / SF$112.02
Days on Market246
Property Features for Chester Avenue
General Information
Standard status
Active
Size
9,150 SF
Property subtype
General Commercial
Zoning
C2
Amenities
3
Building Details
Year Built
1929
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Carlos Padilla · License #01487576
8595762
Source:
Xome
Added: Jan 3
Changed: Sep 5
Last Checked: Sep 5 at 4:08AM
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.
This commercial property includes approximately 9,150 square feet across two separate buildings: a retail storefront building and a shop/warehouse building, designed to provide flexible space for a variety of commercial uses. The site has a 79-panel, fully paid solar system and includes 200-amp, 220-volt electrical service to support everyday operations. Zoned C2, the configuration also offers functional separation of uses for long-term adaptability.
Located at 2305 Chester Avenue in Bakersfield, the retail storefront benefits from strong street exposure along a major commercial corridor. The multi-building setup supports owner-user or investor occupancy and may accommodate retail, restaurants, cafes, and offices, among other uses.
Located at 2305 Chester Avenue in Bakersfield, the retail storefront benefits from strong street exposure along a major commercial corridor. The multi-building setup supports owner-user or investor occupancy and may accommodate retail, restaurants, cafes, and offices, among other uses.
Key Highlights
- Commercial property in Bakersfield with two separate buildings totaling about 9,150 sf
- Includes a 79‑panel solar system that is fully paid
- 200‑amp, 220‑volt electrical service
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
$93,423
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
9.11%
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%
$1,868,460
$1.9M
Cap Rate 7%
$1,334,614
$1.3M
Cap Rate 9%
$1,038,033
$1.0M
Market Conditions
NOI Build-Up for 9,150 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
$142.7K $15.60/SF
− Vacancy
−$9.3K −$1.01/SF
EGI
$133.5K $14.59/SF
− OpEx
−$40.0K −$4.38/SF
NOI
$93.4K $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%
$1,868,460
Cap Rate 7%
$1,334,614
Cap Rate 9%
$1,038,033
Alternative Uses
Best Use
Industrial
$1.33M
$1.17M – $1.56M
NOI $93,423 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,620 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,970 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings totaling about 9,150 sf with 79-panel paid solar and 200-amp 220-volt service, zoned C2.
Where is this flex space located?
The property is located at Chester Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Commercial property in Bakersfield with two separate buildings totaling about 9,150 sf; Includes a 79‑panel solar system that is fully paid; 200‑amp, 220‑volt electrical service
