Log In/Sign Up
Your email has been sent.
518-530 Union Ave 12,565 SF 100% Leased Retail Building Bakersfield, CA 93307 $900,000 ($71.63/SF) 10.91% Cap Rate
Investment Highlights
- 10.9% pro forma cap rate at the $900,000 asking price
- Located in a federally designated Economic Opportunity Zone
- Value-add upside — 3 commercial spaces (6,842 SF) currently vacant and ready to lease
- Seller financing available — 50% down, seller carries the balance
- High-traffic corridor — approximately 31,000 vehicles per day
- Adjacent 6,000 SF C-2 lot available concurrently (510 Union Ave, $99,000) — combined opportunity at $999,000
Executive Summary
To be sold concurrently with the adjacent vacant lot at 510 Union Ave, listed separately for $99,000 (APN 139-251-02). Combined opportunity available for $999,000.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$163,152
|
$12.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,158
|
$0.65
|
| Effective Gross Income |
$154,994
|
$12.34
|
| Taxes |
$12,594
|
$1.00
|
| Operating Expenses |
$44,231
|
$3.52
|
| Total Expenses |
$56,825
|
$4.52
|
| Net Operating Income |
$98,169
|
$7.81
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $163,152 |
| Annual Per SF | $12.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,158 |
| Annual Per SF | $0.65 |
| Effective Gross Income | |
|---|---|
| Annual | $154,994 |
| Annual Per SF | $12.34 |
| Taxes | |
|---|---|
| Annual | $12,594 |
| Annual Per SF | $1.00 |
| Operating Expenses | |
|---|---|
| Annual | $44,231 |
| Annual Per SF | $3.52 |
| Total Expenses | |
|---|---|
| Annual | $56,825 |
| Annual Per SF | $4.52 |
| Net Operating Income | |
|---|---|
| Annual | $98,169 |
| Annual Per SF | $7.81 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,565 SF
Building Class
C
Year Built/Renovated
1946/2018
Price
$900,000
Price Per SF
$71.63
Cap Rate
10.91%
NOI
$98,169
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.37
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
20 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
127’ on Union Ave
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 139-251-03-00-0 | Total Assessment | $426,228 |
| Land Assessment | $41,049 | Annual Taxes | $12,594 ($1.00/SF) |
| Improvements Assessment | $385,179 | Tax Year | 2026 |
Property Taxes
Parcel Number
139-251-03-00-0
Land Assessment
$41,049
Improvements Assessment
$385,179
Total Assessment
$426,228
Annual Taxes
$12,594 ($1.00/SF)
Tax Year
2026
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
518-530 Union Ave