Corner Mexican Restaurant
For Sale
$749,999
Union Avenue, Bakersfield, CA 93305
Operating Mexican restaurant on a C-2 corner parcel with high daily traffic counts on two streets.
Property Size3,681 SF
Lot Size0.49 Acres
Price / SF$203.75
Days on Market164
Property Features for Union Avenue
General Information
Standard status
Active
Size
3,681 SF
Lot size
0.49 Acres
Property subtype
General Commercial
Zoning
C-2
Additional Details
Furnished
Yes
Business Included
Yes
Traffic Count
32,000 vehicles/day
Liquor License
Yes
Amenities
3
Building Details
Year Built
1965
Listing Agency:
Coldwell Banker Preferred, REALTORS
(661) 205-7078
Listed By:
Adam Belter · License #01896162
(661) 205-7078
Source:
Xome
Added: Mar 19
Changed: Aug 28
Last Checked: Aug 28 at 7:52AM
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 Coldwell Banker Preferred, REALTORS
Investment Insights
Based on property information with market context.
This offering is for a long-standing, operating Mexican restaurant and the underlying C-2 zoned real estate located on a high-traffic corner. The property includes a restaurant building on a parcel just under one-half acre, with the restaurant currently operating and producing day-to-day business activity; prospective buyers are asked not to disturb operations.
The site is positioned on the corner of Union Avenue and 18th Street. Public remarks indicate average daily traffic of approximately 23,000 to 32,000 cars per day on Union Avenue and approximately 2,000 to 3,000 cars per day on 18th Street.
According to the seller, the price is intended to include the land, building, fixtures, liquor license, kitchen equipment, security gates, and inventory. The seller would also consider selling the land and building separately.
The site is positioned on the corner of Union Avenue and 18th Street. Public remarks indicate average daily traffic of approximately 23,000 to 32,000 cars per day on Union Avenue and approximately 2,000 to 3,000 cars per day on 18th Street.
According to the seller, the price is intended to include the land, building, fixtures, liquor license, kitchen equipment, security gates, and inventory. The seller would also consider selling the land and building separately.
Key Highlights
- Operating Mexican restaurant on a C‑2 corner parcel at Union Avenue and 18th Street
- High traffic counts: Union Ave averages 23,000–32,000 cars/day and 18th St averages 2,000–3,000 cars/day
- Restaurant building size: 3,681 SF
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
$37,767
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
5.04%
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%
$755,340
$755.3K
Cap Rate 7%
$539,529
$539.5K
Cap Rate 9%
$419,633
$419.6K
Market Conditions
NOI Build-Up for 3,681 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
$53.0K $14.40/SF
− Vacancy
−$2.7K −$0.72/SF
EGI
$50.4K $13.68/SF
− OpEx
−$12.6K −$3.42/SF
NOI
$37.8K $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%
$755,340
Cap Rate 7%
$539,529
Cap Rate 9%
$419,633
Alternative Uses
Best Use
Specialty Retail
$539.5K
$472.1K – $629.5K
NOI $37,767 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.8K
$854.7K – $1.14M
NOI $68,378 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Fastrip
Shops & Services
6,138 visits/mo
0.5 miles
76
Shops & Services
4,619 visits/mo
0.2 miles
Watermill Express
Shops & Services
2,886 visits/mo
0.5 miles
Valero Energy
Shops & Services
2,606 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating Mexican restaurant on a C-2 corner parcel with high daily traffic counts on two streets.
Where is this conventional restaurant located?
The property is located at Union Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Operating Mexican restaurant on a C‑2 corner parcel at Union Avenue and 18th Street; High traffic counts: Union Ave averages 23,000–32,000 cars/day and 18th St averages 2,000–3,000 cars/day; Restaurant building size: 3,681 SF
