Bazel seems to have a lot of tradeoffs, from setup time of the sandbox for each task, to ergonomics that lead folks to maintain parallel 'normal' tooling.
Plus, 'with a warm cache' is doing heavy lifting, what's the real cache hit rate for a week of development? Investing in improving the cold build and frequent actions is still important with bazel or any incremental builder.
I'm not sure it's useful to talk about bazel broadly, it's actual performance and behavior comes down to the rules you use. You can configure bazel like turbo/nx and cache tsc/vitest/eslint on each package.json module, and get course cached units that are evicted on every change, or you can use gazelle and target per-file actions which are only invalidated when their dependencies change. But that trades off batching unless you use workers.
Most PRs only touch a handful of targets so cache hits are extremely high in practice.