Technical
Financial
Distress signals
Property profile

601 Center St Taft, CA 93268

FOR SALE
Parking lots & garages
Property ID
US10-2955328
0.15 ac lot
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity comprises two adjacent paved parking lots totaling approximately 0.29 acres in Taft, California. Strategically located on a hard corner at the intersection of Center Street, these lots benefit from unparalleled visibility and convenient access from multiple major thoroughfares. The property boasts a Downtown Commercial (DC) zoning designation, offering flexibility for a variety of commercial uses. Situated in a secure and established location, the lots are surrounded by quality tenants, ensuring a stable and desirable environment. The area's strong demographics include approximately 20,480 residents within a 10-mile radius. The convenient location between CA-33 and CA-119 highways provides excellent accessibility. This offering presents a rare chance to acquire prime commercial land in a thriving Taft location. The property's APN numbers are 031-200-05-00-9 and 031-200-04-00-6. Note that three additional adjacent properties are also available for purchase. The asking price for this exceptional opportunity is $150,000. The address is 601 Center St, Taft, CA 93268.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Construction WOOD FRAME
Lot 0.15 ac (6,374 SF)
Zoning code C-2
APN 031-200-05-00-9
UPID US10-2955328

Cap rate & NOI

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

Location

601 Center St Taft, CA 93268
Taft metro Census 3500 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
5 recorded transactions
2017
$300,000
2015
Price N/A
2007
$55,000
1994
Price N/A
1976
$15,000

Zoning & alternative use

C-2 · Taft, CA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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