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    Keller Williams Realty Bakersfield

    11420 Ming Avenue, Suite 530, Bakersfield, CA 93311
    (661) 617-6500
    Web Site
    Size: 10+ agents

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    • Land

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    For Sale (24)

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    2.5 Acres Near Jawbone Canyon
    $45,000
    2.50 Acres

    2.5 Acres Near Jawbone Canyon

    2.5-acre parcel near Jawbone Canyon Rd in Weldon, CA.

    Jawbone Canyon Rd, Weldon, CA 93283
    View details
    California City Vacant Land
    Contact for pricing
    0.24 Acres

    California City Vacant Land

    Vacant lot perfect for building a dream home.

    99Th St, California City, CA 93505
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    Vacant Land in Bakersfield, CA
    $160,000
    0.92 Acres

    Vacant Land in Bakersfield, CA

    Versatile vacant land parcel offering endless possibilities in Bakersfield.

    Gatson St, Bakersfield, CA 93314
    View details
    Keene Land with Mountain Views
    $199,500
    4.59 Acres

    Keene Land with Mountain Views

    4.59 acre lot with mountain views in Hart Creek.

    Clear Creek Ct, Keene, CA 93531
    View details
    East Bakersfield Multifamily Investment Property
    $725,000
    3,120 SF

    East Bakersfield Multifamily Investment Property

    Well-maintained 6-unit complex near Kern Medical Center.

    1911 Flower St, Bakersfield, CA 93305
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    Caliente, CA Rolling Hills Land
    $200,000
    7.50 Acres

    Caliente, CA Rolling Hills Land

    7.5 acres of land in Caliente, California.

    22560 Indian Oak Rd, Caliente, CA 93518
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    Tehachapi Lot with Well
    $189,500
    2.64 Acres

    Tehachapi Lot with Well

    Residential lot featuring a well and electrical setup.

    19777 Country Oaks St, Tehachapi, CA 93561
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    Land with Valley View
    $30,000
    2.50 Acres

    Land with Valley View

    Flat 2.5 acre land suitable for residential development.

    Avenue F, Lancaster, CA 93535
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    Tulare Acre Land Lot
    $60,000
    1.00 Acre

    Tulare Acre Land Lot

    One acre land lot, perfect for building a dream home.

    Road 80, Tulare, CA 93274
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    88 Acres Land with Views
    $175,000
    87.90 Acres

    88 Acres Land with Views

    88 acres of land with valley views in Tehachapi, CA.

    29501 Deertrail Dr, Tehachapi, CA 93561
    View details
    Land in Palmdale, California
    Contact for pricing
    0.94 Acres

    Land in Palmdale, California

    Land available between Palmdale and Lake Los Angeles.

    R-12 Avenue, Palmdale, CA 93535
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    2.5 Acre Parcel in Lancaster
    $30,000
    2.50 Acres

    2.5 Acre Parcel in Lancaster

    Flat 2.5 acre parcel with beautiful views in Lancaster.

    110 110Th St W, Lancaster, CA 93534
    View details
    Expansive Taft Land Parcel
    $1,200,000
    160.00 Acres

    Expansive Taft Land Parcel

    160-acre parcel near Taft with development potential.

    Vly Rd W, Taft, CA 93268
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    Bakersfield Land with Kern River Views
    $150,000
    0.50 Acres

    Bakersfield Land with Kern River Views

    Residential land zoned R3 with potential for multi-unit development.

    4201 Boise St, Bakersfield, CA 93306
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    Bakersfield Land in Legend Oaks
    $450,000
    1.06 Acres

    Bakersfield Land in Legend Oaks

    One-acre corner lot in prestigious Legend Oaks neighborhood.

    17633 Legend Oaks Ln, Bakersfield, CA 93314
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    Mixed-Use Complex in Bakersfield, CA
    $999,000
    3,930 SF

    Mixed-Use Complex in Bakersfield, CA

    Value-add opportunity in high-traffic area with residential and commercial units.

    530 Union Avenue Loop, Bakersfield, CA 93307
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    Frazier Park Land Opportunity
    $30,000
    0.08 Acres

    Frazier Park Land Opportunity

    18 lots in Frazier Park offered at a bargain price.

    Los Padres Dr, Frazier Park, CA 93225
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    Rolling Hills Land in Caliente
    $200,000
    7.50 Acres

    Rolling Hills Land in Caliente

    7.5 acres of land in Caliente, California.

    22560 Indian Oak Lp, Caliente, CA 93518
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    Land with Mountain Views
    $385,000
    8.20 Acres

    Land with Mountain Views

    8.2 acres of land with spectacular mountain and valley views.

    22560 Indian Oak Lp, Caliente, CA 93518
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    California City Corner Lot
    Contact for pricing
    0.25 Acres

    California City Corner Lot

    Spacious corner lot in growing California City community.

    8400 Glade Ave, California City, CA 93505
    View details
    Bakersfield Land with Development Potential
    $3,300,000
    5.38 Acres

    Bakersfield Land with Development Potential

    21 acres of land near Hard Rock Casino.

    Titus Ct, Bakersfield, CA 93307
    View details
    Renovated Duplex with Income Potential
    $370,000
    1,719 SF

    Renovated Duplex with Income Potential

    Move-in ready duplex in Bakersfield with rental income opportunity.

    1311 E 18Th St, Bakersfield, CA 93305
    View details
    5-Acre Lot in Keene, CA
    $195,500
    5.00 Acres

    5-Acre Lot in Keene, CA

    5-acre lot with utilities, stream, and scenic views.

    Clear Creek Ct, Keene, CA 93531
    View details
    Updated Multifamily Building in Bakersfield
    $1,100,000
    5,917 SF

    Updated Multifamily Building in Bakersfield

    Updated 10-unit multifamily property in East Bakersfield.

    1607 Palm Dr, Bakersfield, CA 93305
    View details

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    Keller Williams Realty Bakersfield
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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
    Keller Williams Realty Bakersfield
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