Medical Office Near Adventist
For Sale
Contact for pricing
1805 27th St, Bakersfield, CA
Medical office space with excellent accessibility and efficient layout.
Property Size1,326 SF
Lot Size0.09 Acres
Price / SF$285
Days on Market534
Property Features for 1805 27th St
General Information
Standard status
Active
Size
1,326 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Dylan J. Lym · License #02103385
Source:
Moodyscre
Added: Feb 18, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASU Commercial
Investment Insights
Based on property information with market context.
This 1326 square foot property is within walking distance of Adventist Health Hospital and near Dignity Memorial, Mercy Downtown, and Kaiser Permanente, providing excellent patient accessibility. The location offers proximity to key services such as banks, retail centers, restaurants, and government offices. It also provides easy access to Highways 58, 99, and 178, simplifying commutes for patients and staff. Gated on-site parking is available with additional street parking, ensuring ample space for visitors and security for staff. The efficient layout allows for maximum utility of the space. This property is competitively priced to suit both new and established practices.
Key Highlights
- Walking distance to Adventist Health Hospital and near other major medical facilities for excellent patient accessibility.
- Gated on‑site parking with additional street parking, providing ample space and security.
- Easy access to Highways 58, 99, and 178, simplifying commutes.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,662
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,240
$353.2K
Cap Rate 7%
$252,314
$252.3K
Cap Rate 9%
$196,244
$196.2K
Market Conditions
NOI Build-Up for 1,326 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.8K $24.00/SF
− Vacancy
−$2.4K −$1.80/SF
EGI
$29.4K $22.20/SF
− OpEx
−$11.8K −$8.88/SF
NOI
$17.7K $13.32/SF
Area
Bakersfield, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,240
Cap Rate 7%
$252,314
Cap Rate 9%
$196,244
Alternative Uses
Best Use
Healthcare Medical
$252.3K
$220.8K – $294.4K
NOI $17,662 @ 7.0% cap · market cap 4.67%
Second Best
Office B
$250.6K
$219.3K – $292.4K
NOI $17,543 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$351.9K
$307.9K – $410.5K
NOI $24,632 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,374
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bakersfield Vet Center — 1110 Golden State Ave, Bakersfield, CA 93301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with excellent accessibility and efficient layout.
Where is this medical office space located?
The property is located at 1805 27th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $377,910.
What are key features of this property?
This property features: Walking distance to Adventist Health Hospital and near other major medical facilities for excellent patient accessibility.; Gated on‑site parking with additional street parking, providing ample space and security.; Easy access to Highways 58, 99, and 178, simplifying commutes.
