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    3801 Pegasus Dr Bakersfield, CA 93308

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    For Lease
    $10,339,020

    Office/flex vacancy available for lease or owner/user occupancy.

    Property size:
    29,005 SF
    Lot size:
    4.58 Acres

    Property Features for 3801 Pegasus Dr

    General Information

    Size
    29,005 SF
    Lot size
    4.58 Acres

    Source: ASU Commercial Agent Matthew E. Starr, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bakersfield Office/Flex Space Available

    This property, situated in the Bakersfield Airport Business Park, presents a prime value-add investment or owner/user opportunity. It features a two-building portfolio that is approximately 49.5% leased, with 29,005 square feet of office/flex vacancy available for lease or owner/user occupancy. The property occupies a corner location on 7.83 total acres, offering multiple access points from Pegasus Drive and Unicorn Road. The warehouse areas are finished with interior paint and drywall and include ten automatic ground-level doors. Constructed with concrete tilt-up, the property is zoned M-2 PD H, County of Kern. Its location provides Highway 65 frontage and is less than a mile from Highway 99 on/off ramps. Situated on the southbound 99 on-ramp and a half-mile from a full Highway 99 interchange, the property is located in the fastest-growing industrial submarket in Kern County.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Concepts Development Contractor Payne Richards & Associates Private Investigator US Claims Services Insurance Agency MYMONEYMONITOR Consultant Washington Dumpster Rental Garbage Dump Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Clothing Store Pharmacy Hotel & Motel Wholesale Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.072105
    Latitude
    35.439207

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    FAQs

    What type of property is this?
    Flex space - Office/flex vacancy available for lease or owner/user occupancy.
    Where is this flex space located?
    The property is located at 3801 Pegasus Dr Bakersfield, CA.
    What are key features of this property?
    This property features: - Prime value-add investment or owner/user opportunity with 29,005 SF of office/flex vacancy.; - Strategic location in the fastest-growing industrial submarket of Kern County, with Highway 65 frontage and proximity to Highway 99.; - Two-building portfolio on 7.83 acres with corner location and multiple access points.
    (661) 885-6949
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    Realmo Value Estimation

    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.

    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.

    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
    3801 Pegasus Dr Bakersfield, CA 93308
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