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    Property profile & analytics

    Taft, CA 93268

    • Commercial real estate
    • 8,158 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5158440
    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

    • Commercial real estate

    Property Details

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    8,158 SF
    Zone code
    MU
    Property type
    Commercial real estate
    APN
    032-112-03-00-8
    APU
    3211203008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $515,000
      Market price range: $515k - $1.43M
      AI Estimate
      $764,000
      Market price range: $452k - $2.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $970,000
      Current use
      AUTO REPAIR, GARAGE
      $1,130,000
      Change: +17% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,035,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    Kern
    State
    California
    Longitude
    -119.46
    Latitude
    35.14
    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
    2024
    $740
    $63,259
    $0.00
    $63,259
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      631.59 Acres

      Gardner Field Rd

      Land • 631.59 Acres
      0 Gardner Field Rd, Maricopa, CA 93268
      View Details
    • Value Estimation by Request
      2.09 Acres

      1040 Kern St

      Land • 2.09 Acres
      1040 Kern St, Taft, CA 93268
      View Details
    • Value Estimation by Request
      582.16 Acres

      CA-33 & Gardner Fld Rd

      Land • 582.16 Acres
      CA-33 & Gardner Fld Rd, Taft, CA 93268
      View Details
    • Value Estimation by Request
      340 SF

      503 Harrison St

      COMMERCIAL (GENERAL) • 340 SF
      503 Harrison St, Taft, CA 93268-1601
      View Details
    • Value Estimation by Request

      28194 Chaparral Ave

      Manufacturing properties
      28194 Chaparral Ave, Taft, CA 93268
      View Details
    • Value Estimation
      $1,550,000
      12,760 SF

      499 Gardner Fld Rd

      SHOW ROOM, WAREHOUSE • 12,760 SF
      499 Gardner Fld Rd, Taft, CA 93268-9768
      View Details

    Similar Nearby for Sale

    • $999,000
      10,860 SF

      Versatile Industrial Warehouse/Office Property

      10,860 SF industrial warehouse/office on 2.01 acres.
      1587 Kern St, Taft, CA 93268
      View Details
    • Contact for pricing
      1,174 SF

      Retail Building with Private Parking

      Retail building with parking on a 0.22 acre lot.
      600 Center St, Taft, CA 93268
      View Details
    • $55,000
      0.14 Acres

      Residential Lot in Taft, CA

      Residential lot with utilities and fencing in Taft, CA.
      411 Rose Ave, Taft, CA 93268
      View Details
    • $999,000
      10,860 SF

      Versatile Industrial Warehouse Near Taft

      10,860 SF warehouse/office on 2.01 acres, zoned M-1.
      1587 Highway 33, Taft, CA 93268
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    • Contact for pricing

      Commercial Land Near Dollar General

      Commercial land parcels available, adjacent to Dollar General.
      450 Gardner Field Rd, Taft, CA 93268
      View Details
    • $249,000
      1,807 SF

      Retail Building with Private Parking

      1,807 SF retail building with leasing potential.
      528 Center St, Taft, CA 93268
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      325 Gardner Field Rd, Taft, CA 93268

      Retail space
      325 Gardner Field Rd, Taft, CA 93268
      View Details
    • Contact for pricing

      M3 Heavy Industrial Zoned Property

      Ideal for manufacturing, logistics, warehousing, and transportation operations.
      19885 S Lake Rd, Taft, CA 93268
      View Details
    • $0.75 SF/Yr

      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
      19,120 SF

      Retail Anchor Space Available

      19,120 SF anchor space in Taft Hills Plaza.
      1044 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.
      900 Kern St, Taft, CA 93268
      View Details
    • Contact for pricing

      Taft Land Development Opportunity

      Land available for development or ground lease in Taft, CA.
      300 Gardner Field Rd, Taft, CA 93268
      View Details
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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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