Turnkey Freestanding Medical Office
For Sale
Contact for pricing
1711 28th St, Bakersfield, CA 93301
Turnkey freestanding medical office with 16 exam rooms, 6 ADA restrooms, and on-site parking in downtown Bakersfield.
Property Size4,802 SF
Price / SF$196.79
Days on Market810
Property Features for 1711 28th St
General Information
Standard status
Active
Size
4,802 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Mark J. Smith, SIOR · License #CA 00632003
(661) 616-3561
Source:
Moodyscre
Added: Aug 16, 2024
Changed: Oct 26
Last Checked: Nov 1 at 6:20AM
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.
Turnkey freestanding medical office building offering a practical, patient-ready layout with sixteen (16) exam rooms and six (6) ADA restrooms. Recent interior upgrades support immediate occupancy, with an efficient plan designed for exam room flow.
The property is located in downtown Bakersfield within walking distance of Adventist Health’s downtown hospital campus. Additional nearby uses include other regional medical providers, restaurants, and government offices, with convenient access to Highway 178, Highway 99, and the Westside Parkway.
On-site parking is available through the Westchester Parking Association, with additional street parking to support visitors and staff.
The property is located in downtown Bakersfield within walking distance of Adventist Health’s downtown hospital campus. Additional nearby uses include other regional medical providers, restaurants, and government offices, with convenient access to Highway 178, Highway 99, and the Westside Parkway.
On-site parking is available through the Westchester Parking Association, with additional street parking to support visitors and staff.
Key Highlights
- 4,802 SF turnkey freestanding medical office building
- 16 exam rooms with an efficient patient‑ready layout
- Six (6) ADA restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,963
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,260
$1.3M
Cap Rate 7%
$913,757
$913.8K
Cap Rate 9%
$710,700
$710.7K
Market Conditions
NOI Build-Up for 4,802 SF
Gross rent
$115.2K $24.00/SF
− Vacancy
−$8.6K −$1.80/SF
EGI
$106.6K $22.20/SF
− OpEx
−$42.6K −$8.88/SF
NOI
$64.0K $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 Rate 5%
$1,279,260
Cap Rate 7%
$913,757
Cap Rate 9%
$710,700
Alternative Uses
Best Use
Healthcare Medical
$913.8K
$799.5K – $1.07M
NOI $63,963 @ 7.0% cap · market cap 6.77%
Second Best
Office B
$907.6K
$794.1K – $1.06M
NOI $63,530 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,202 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,199
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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 - Turnkey freestanding medical office with 16 exam rooms, 6 ADA restrooms, and on-site parking in downtown Bakersfield.
Where is this medical office space located?
The property is located at 1711 28th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 4,802 SF turnkey freestanding medical office building; 16 exam rooms with an efficient patient‑ready layout; Six (6) ADA restrooms
