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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8056 California City Blvd California City, CA 93505-2661

    • Commercial kitchens
    • 4,937 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2023
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2753142
    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

    • Kadine Oil store / (Bike/Boat/Book/etc) Store

    Property Details for 8056 California City Blvd

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    4,937 SF
    Zone code
    C1
    Property type
    Commercial kitchens
    APN
    203-090-04-00-8
    APU
    20309004008

    Description

    This exceptional turnkey restaurant building, located at 8056 California City Blvd in California City, CA 93505, presents a unique investment opportunity. The property boasts a substantial 5,000 square feet of space, ideal for a variety of culinary concepts. Currently vacant, this second-generation restaurant space is ready for immediate occupancy, eliminating the need for extensive renovations. The building is situated within the popular Aspen Mall, ensuring high visibility and convenient access for patrons. Ample free parking is readily available, providing a significant advantage for customers. The property's location in Kern County, California, offers a strategic position within a growing community. This is a rare chance to acquire a well-positioned restaurant building at a price below replacement cost, making it an attractive proposition for both sale and lease. The single-tenant occupancy simplifies management and provides a clear revenue stream. The property's retail subtype further enhances its versatility and potential for success. This is a prime opportunity to establish or relocate a thriving restaurant business in a desirable location. The property's latitude and longitude coordinates are 35.1250769 and -117.9842516 respectively.

    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
    California City
    County
    Kern
    State
    California
    Longitude
    -117.984
    Latitude
    35.1252
    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
    $5,724
    $30,781
    $344,794
    $375,575
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      3,567 SF

      9628 California City Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,567 SF
      9628 California City Blvd, California City, CA 93505-2234
      View Details
    • Value Estimation
      $525,000
      910 SF

      9692 California City Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 910 SF
      9692 California City Blvd, California City, CA 93505-2234
      View Details
    • Value Estimation by Request
      5,355 SF

      8124 California City Blvd

      RESTAURANT • 5,355 SF
      8124 California City Blvd, California City, CA 93505-2662
      View Details
    • Value Estimation by Request
      1,000 SF

      10624 Loop Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,000 SF
      10624 Loop Blvd, California City, CA 93505
      View Details
    • Value Estimation by Request
      2,006 SF

      9678 California City Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,006 SF
      9678 California City Blvd, California City, CA 93505
      View Details
    • Value Estimation by Request
      0.29 Acres

      California City, CA 93505

      PARKING LOT • 0.29 Acres
      California City, CA 93505
      View Details

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    Similar Nearby for Lease

    • $825 /Mo
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      1,000 SF retail space in high-traffic California City location.
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      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations in California City.
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    • $2,016 /Mo
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      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations in California City.
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    California City, CA 93505-2661
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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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