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    Property profile & analytics

    812 Center St Taft, CA 93268

    • Medical offices
    • 1,632 SF
    • 0.14 lot acres
    For Sale
    View listing
    $225,000
    Value Estimations
    Cap Rate Potential
    4%
    Medical offices
    Location Intelligence
    Property ID
    US09-3358965
    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

    • Beckys Kids / Child Care Agency

    Property Details for 812 Center St

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,632 SF
    Zone code
    DC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    032-040-21-00-6
    APU
    3204021006

    Description

    This exceptional 1,632 square foot freestanding office building is situated on a 0.14-acre lot at 812 Center Street in Taft, California. The property enjoys a prominent location near the intersection of Center and 10th Streets, just two streets west of Kern Street and the West Side Highway (CA-33). The building features four individual offices and a spacious reception area, providing ample space for a variety of professional uses. Convenient rear parking with a rear exit ensures smooth client flow and easy access. The 55-foot frontage on Center Street offers excellent visibility. Previous uses include a medical office and a daycare center, demonstrating the building's versatility. This Taft business district location offers proximity to established local businesses such as the OT Cookhouse and Sno-White, as well as Kern County Fire Department Station #21. The property presents a compelling value-add investment opportunity for investors or owner-operators seeking a versatile space in a highly desirable Taft location. The building's adaptable layout and prime location make it suitable for a range of office or even potential storefront uses. Off-street parking is readily available on Center Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $204,000
      Market price range: $204k - $473k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $345,000
      Current use
      OFFICE BUILDING
      $315,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    Kern
    State
    California
    Longitude
    -119.464
    Latitude
    35.1428
    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
    $1,990
    $17,066
    $69,405
    $86,471
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $365,000
      5,466 SF

      333 10th St

      MEDICAL BUILDING • 5,466 SF
      333 10th St, Taft, CA 93268-3350
      View Details
    • Value Estimation
      $270,000
      1,902 SF

      700 Ctr St

      MEDICAL BUILDING • 1,902 SF
      700 Ctr St, Taft, CA 93268-3127
      View Details
    • Value Estimation
      $285,000
      9,085 SF

      109 Adkisson Way

      MEDICAL BUILDING • 9,085 SF
      109 Adkisson Way, Taft, CA 93268-3600
      View Details
    • Value Estimation
      $285,000
      0.07 Acres

      422 Ctr St

      MEDICAL BUILDING • 0.07 Acres
      422 Ctr St, Taft, CA 93268-3511
      View Details
    • Value Estimation
      $120,000
      1,950 SF

      400 Ctr St

      MEDICAL BUILDING • 1,950 SF
      400 Ctr St, Taft, CA 93268-3511
      View Details
    • Value Estimation
      $435,000
      10,771 SF

      1100 4th St

      MEDICAL BUILDING • 10,771 SF
      1100 4th St, Taft, CA 93268-2415
      View Details

    Similar Nearby for Sale

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    • $225,000
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      Taft Office Building: Prime Location

      1,632 sq ft Office, 0.14 acre lot
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    • $80,000

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    Similar Nearby for Lease

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      Prime Retail Space Available in Taft, CA
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      View Details
    • $0.75 SF/Yr
      6,000 SF

      Industrial Warehouse/Office Near Taft Field

      6,000 SF industrial warehouse/office on 1.5 acre lot.
      1537 Kern St, Taft, CA 93268
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Taft, CA

      Retail space available for lease in Taft, California.
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      View Details
    • $0.75 SF/Yr
      19,120 SF

      Retail Anchor Space Available

      19,120 SF anchor space in Taft Hills Plaza.
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      View Details
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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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