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    Property profile & analytics

    2617 Haley St Bakersfield, CA 93305

    • Drive through restaurants
    • 3,275 SF
    • 0.73 lot acres
    For Lease
    View listing
    Last Sale
    Jun 15, 2023
    $2,000,000
    Value Estimations
    $1,945,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2617491
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tacos El Superior / Mexican Restaurant

    Property Details for 2617 Haley St

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Property size
    3,275 SF
    Zone code
    C2
    Property type
    Drive through restaurants
    APN
    126-020-60-00-7
    APU
    12602060007

    Description

    This exceptional 3,275 square foot freestanding restaurant building presents a unique investment opportunity in Bakersfield, California. Located at 2617 Haley Street, this single-story structure sits on a sizable 0.73-acre lot and boasts a convenient drive-thru and outdoor seating area, catering to diverse operational needs. Built in 2008, the property is zoned C-2, offering flexibility for various commercial uses. The building's previous tenant was Farmer Boys Restaurant, leaving a fully vacant space ready for immediate occupancy. Its strategic location provides excellent visibility and accessibility, with easy access from Highway 178 via Haley Street, ensuring high traffic flow. The property benefits from a strong commercial environment, sharing proximity with established businesses such as Lowe's Home Improvement, Dollar Tree, Foods Co., and the Social Security Administration, creating a synergistic and thriving commercial hub. The property's APN is 126-020-60, situated in Kern County, and is conveniently located near the intersection of Haley Street and Columbus Street. This turnkey property offers immediate potential for a new restaurant or similar commercial venture, capitalizing on its prime location and existing infrastructure. The substantial 3,275 square feet of vacant space provides ample room for customization and expansion, allowing for a tailored design to meet specific business requirements. This is an unparalleled opportunity to establish a successful business in a high-traffic area with strong surrounding businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,935,000
      ML approach
      $1,805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,089,000
      Market price range: $403k - $2.09M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.976
    Latitude
    35.3967
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,944
    $631,251
    $1,021,413
    $1,652,664
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      1,240 SF

      1300 Truxtun Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,240 SF
      1300 Truxtun Ave, Bakersfield, CA 93305-5348
      View Details
    • Value Estimation
      $455,000
      3,128 SF

      1949 Columbus St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,128 SF
      1949 Columbus St, Bakersfield, CA 93305-2311
      View Details
    • Value Estimation
      $680,000
      768 SF

      2055 Flower St

      DRIVE-THRU RESTAURANT, FAST FOOD • 768 SF
      2055 Flower St, Bakersfield, CA 93305-4147
      View Details
    • Value Estimation
      $535,000
      2,769 SF

      3405 Un Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,769 SF
      3405 Un Ave, Bakersfield, CA 93305-2935
      View Details
    • Value Estimation
      $325,000
      1,651 SF

      2637 Riv Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,651 SF
      2637 Riv Blvd, Bakersfield, CA 93305-2653
      View Details
    • Value Estimation
      $360,000
      1,843 SF

      101 Hayden Ct

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,843 SF
      101 Hayden Ct, Bakersfield, CA 93305
      View Details

    Similar Nearby for Sale

    • $785,000
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      Bakersfield Restaurant/Retail Opportunity

      Restaurant/retail property for sale in Bakersfield, California.
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      Bakersfield Restaurant - For Sale

      Prime Haley Street location, 3,275 SF restaurant.
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      Freestanding Automotive Building with Land

      2,733 SF automotive building with excess land for sale.
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    • $425,000
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      Retail property with convenient highway access and prominent signage.
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    Similar Nearby for Lease

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      Niles Street Retail Center Investment

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      Retail Space in Bakersfield, CA

      Retail space available for lease in Bakersfield, California.
      3705-3721 Columbus St, Bakersfield, CA 93305
      View Details
    • Contact for pricing
      3,275 SF

      Bakersfield Restaurant - Prime Location

      Vacant Restaurant, Drive-Thru, .73 Acres
      2617 Haley St, Bakersfield, CA 93305
      View Details
    • $590,000
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      Equipped Retail Space for Lease

      Turnkey retail space equipped for a meat market business.
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      View Details
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      View Details
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    Bakersfield, CA 93305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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