Fenced and Gated Standalone Office
For Sale
Contact for pricing
1215 L St, Bakersfield, CA 93301
Standalone office building in downtown Bakersfield with fenced and gated security and on-site parking for occupants.
Property Size1,040 SF
Price / SF$283.65
Days on Market167
Property Features for 1215 L St
General Information
Standard status
Active
Size
1,040 SF
Total Parking Spaces
7
Property subtype
OFFICE
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Matthew E. Starr, SIOR, CCIM · License #01367855
(661) 616-3570
Source:
Moodyscre
Added: May 20
Changed: Oct 25
Last Checked: Nov 1 at 8:07AM
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
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Investment Insights
Based on property information with market context.
This standalone office building offers a turn-key setup and is ready for occupancy. The property is fenced and gated for security, supporting day-to-day use by a business team and visitors.
The building is located in downtown Bakersfield near the courthouse and other government facilities, which may be useful for office users seeking proximity to public-sector services. For parking, there are seven on-site parking stalls in addition to street parking.
With a 1,040 SF footprint, the space is sized for an office operation that values a manageable, dedicated building rather than shared space.
The building is located in downtown Bakersfield near the courthouse and other government facilities, which may be useful for office users seeking proximity to public-sector services. For parking, there are seven on-site parking stalls in addition to street parking.
With a 1,040 SF footprint, the space is sized for an office operation that values a manageable, dedicated building rather than shared space.
Key Highlights
- 1,040 SF standalone office building ready for occupancy
- Fenced and gated for security
- Seven on‑site parking stalls plus street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,759
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,180
$275.2K
Cap Rate 7%
$196,557
$196.6K
Cap Rate 9%
$152,878
$152.9K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$21.8K $21.00/SF
− Vacancy
−$3.5K −$3.36/SF
EGI
$18.3K $17.64/SF
− OpEx
−$4.6K −$4.41/SF
NOI
$13.8K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,180
Cap Rate 7%
$196,557
Cap Rate 9%
$152,878
Alternative Uses
Best Use
Office B
$196.6K
$172.0K – $229.3K
NOI $13,759 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.0K
$241.5K – $322.0K
NOI $19,319 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,315
Businesses Nearby
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Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Standalone office building in downtown Bakersfield with fenced and gated security and on-site parking for occupants.
Where is this office building located?
The property is located at 1215 L St Bakersfield, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,040 SF standalone office building ready for occupancy; Fenced and gated for security; Seven on‑site parking stalls plus street parking
