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    Property profile & analytics

    501 6Th St Taft, CA 93268

    • Medical offices
    • 1,600 SF
    For Sale
    View listing
    $165,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0040541
    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

    • Adventist Health Medical Office / Medical Clinic
    • Desiree Leal, FNP / Physician
    • Dr. Ingy N Ayad MD / Pediatrician / Physician
    • Bashir Bahram, MD / Pediatrician / Physician
    • Francisco Ruiz / Medical Clinic

    Property Details for 501 6Th St

    Year built
    1968
    Property size
    1,600 SF
    Property type
    Medical offices
    Property subtype
    Office space
    APN
    031-260-12-00-7

    Description

    This Taft, CA, commercial investment opportunity presents a free-standing, 1,660-square-foot building currently 100% occupied by Adventist Health under a gross lease. The property, located at 501 & 503 6th Street, consists of two contiguous units with separate utilities, totaling 1,660 square feet and zoned General Commercial (GC). Built in 1968, the Class C building boasts a 6.9% cap rate and a net operating income (NOI) of $17,254. The current lease expires April 30, 2026, following the tenant's exercise of an option to extend. Two additional lease extension options are available, each with a 2% annual rent increase. The asking price is $250,000, representing approximately $150 per square foot. This property offers a compelling passive investment opportunity with a strong, long-term tenant and a history of occupancy since 2008. The property's location is two blocks from Taft's main retail corridor on the corner of 6th and Lucard Streets. The APN is 031-260-12-00-7.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    Kern
    State
    California
    Longitude
    -119.4591334918
    Latitude
    35.144282797018

    Comparable in this City

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    • $150,000
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    • $725,000
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      Taft Auto Repair Building

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    • $165,000
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      Taft Commercial Building For Sale

      Commercial building in Taft, CA, currently used as doctor's office.
      501 6Th St, Taft, CA 93268
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    • $249,000
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      Retail Building with Private Parking

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      Established Restaurant in High-Traffic Location

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    Similar Nearby for Sale

    • $195,000
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      Taft Retail Building - $195K

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    • $150,000
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      Taft Retail Building - $150K

      ±1,807 SF storefront, high visibility.
      528 Center St, Taft, CA 93268
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    • $725,000
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      Taft Auto Repair Building

      13,500 SF Auto Shop, Vacant, High NOI
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    • $165,000
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      Taft Commercial Building For Sale

      Commercial building in Taft, CA, currently used as doctor's office.
      501 6Th St, Taft, CA 93268
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    • $249,000
      1,807 SF

      Retail Building with Private Parking

      1,807 SF retail building with leasing potential.
      528 Center St, Taft, CA 93268
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    • Contact for pricing
      1,296 SF

      Established Restaurant in High-Traffic Location

      Turnkey restaurant with high visibility and established customer base.
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      View Details

    Similar Nearby for Lease

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      Retail Space in Taft, CA

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      Retail Anchor Space Available

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      Taft Retail & Land Opportunity

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      Taft, CA Retail Center Opportunity

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    • $0.75 SF/Yr
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      Industrial Warehouse/Office Near Taft Field

      6,000 SF industrial warehouse/office on 1.5 acre lot.
      1537 Kern St, Taft, CA 93268
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    Taft, CA 93268
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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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