Property profile

345 Glenwood St Delano, CA 93215

OFF-MARKET
Investment properties
Property ID
US09-3351159
5,168 SF 0.34 ac lot Built 1940
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 345 Glenwood Street, Delano, CA, presents a unique investment opportunity. Spanning 5,168 square feet on a 0.34-acre lot, this property boasts a diverse range of income-generating assets. A well-established convenience store provides a consistent revenue stream, complemented by a thriving bar that caters to the local community. Adding to the property's versatility are five apartments, each offering potential for rental income. The property's prime location ensures high visibility and ample foot traffic, maximizing its earning potential. While the property would benefit from some updating and attention to deferred maintenance, the solid foundation and existing businesses provide a strong base for future growth. Recent improvements include the installation of new water meters in the past year, demonstrating a commitment to ongoing property upkeep. This multi-faceted property offers a compelling blend of established businesses and rental income, making it an ideal addition to any investor's portfolio. The potential for increased profitability through renovations and strategic management is significant. This is a rare opportunity to acquire a well-positioned commercial property with multiple income streams in a thriving Delano location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Construction WOOD
Total area 5,168 SF
Lot 0.34 ac (14,810 SF)
APN 422-071-01-00-7
UPID US09-3351159

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

345 Glenwood St Delano, CA 93215-2718
Delano metro Census 4802 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2026
Last sale
$575,000
2 recorded transactions
2026
$575,000
1997
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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