Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5901 Mills Dr Bakersfield, CA 93306

    Sponsored
    For Sale
    $1,645,000

    LAND - Bakersfield, CA

    Lot size:
    8.73 Acres
    Days on Market:
    124
    Last Refresh:
    Jan 31 at 5:06 am

    Property Features for 5901 Mills Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14510039
    Lot size
    8.73 Acres

    We can help!

    Listing Contact
    Brian Dombroski

    Dombroski Real Estate (559) 477-4332

    Listing agent Brian J Dombroski

    Listing date Sep 30, 2025

    MLS# 202509111

    Copyright © 2025 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Bakersfield Land with M1 Zoning

    This 8.73-acre lot is located in Bakersfield, California, and features M1 zoning. The property is situated next to the Edison warehouse and has access to public power and water. The property was initially approved for a self-storage facility and includes a soil report, sewer access, a water contract, and paid grading fees.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.939545
    Latitude
    35.431206

    Nearby Similar for Sale

    • $14,500,000
      5,042 SF

      Versatile 150-Acre Agricultural Property

      150-acre agricultural property near Freeway 99, ideal for farming.
      8661 Herring Rd, Bakersfield, CA 93313
      View Details
    • New
      $11,500,000
      150.00 Acres

      150-Acre Agricultural Property, Bakersfield

      Versatile 150-acre agricultural property near Freeway 99 in Bakersfield.
      8661 Herring Rd, Bakersfield, CA 93313
      View Details
    • $1,595,000
      2,782 SF

      Bakersfield Commercial Property on Rosedale

      1.12-acre C-2 property with frontage on Rosedale Highway.
      9831 Rosedale Hwy, Bakersfield, CA 93312
      View Details
    • $229,900
      922 SF

      Bakersfield Duplex on Large Lot

      Charming duplex in central Bakersfield near shopping and Highway 99.
      2403 S I St, Bakersfield, CA 93304
      View Details
    • $325,000
      1,344 SF

      Bakersfield Office with Detached Studio

      Office building with studio on corner lot in downtown Bakersfield.
      430 H St, Bakersfield, CA 93304
      View Details
    • $1,275,000
      5,114 SF

      Mixed-Use Complex in Bakersfield, CA

      Value-add mixed-use property in high-traffic Bakersfield location.
      520 Union Avenue Loop, Bakersfield, CA 93307
      View Details
    • $430,000
      2,632 SF

      Mixed-Use Property with Music Studio

      Mixed-use property featuring a professional music studio and residential unit.
      931 26Th St, Bakersfield, CA 93301
      View Details
    • New
      $264,500
      0.17 Acres

      Bakersfield Duplex: Investor Opportunity

      Well-maintained duplex in Bakersfield, CA. Tenant-occupied, income-producing property.
      1015 E 18Th St, Bakersfield, CA 93305
      View Details
    • $699,000
      2,080 SF

      Bakersfield Multifamily Investment Opportunity

      Four units with recent renovations and new construction.
      113 Decatur St, Bakersfield, CA 93308
      View Details
    • $10,500,000
      Pending

      Bakersfield Hotel with Premium Amenities

      Recently renovated 68-room hotel with excellent amenities and convenient location.
      2310 Wible Rd, Bakersfield, CA 93304
      View Details
    • $575,000
      2,700 SF

      Rehabbed Triplex in Bakersfield

      Turnkey triplex with modern updates, ready for immediate income.
      722 S Williams St, Bakersfield, CA 93307
      View Details
    • $280,000
      2,123 SF

      Medical Office Condos For Sale

      Two renovated medical office suites near Memorial Hospital.
      3550 Q St, Bakersfield, CA 93301
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.73 acre lot with M1 zoning in Bakersfield, CA.
    Where is this commercial land located?
    The property is located at 5901 Mills Dr Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $1,645,000.
    What are key features of this property?
    This property features: - M1 zoning offers flexibility for commercial or industrial ventures.; - Approved for self-storage previously, presenting a potential development path.; - Public power and water are readily available on the property.
    (800) 405-4977
    Request Owner's contact information
    5901 Mills Dr Bakersfield, CA 93306
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5901 Mills Dr
    Bakersfield, CA 93306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5901 Mills Dr Bakersfield, CA 93306
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Dombroski
    Real Estate License ID: 01919504
    (800) 405-4977
    Learn more
    Google sign-in failed. Please try again or use another login method.