Downtown Bakersfield Multi-Tenant Office
1727 16th Street, Bakersfield, CA 93301
Call to check price and availability
3,013 SF multi-tenant office building in downtown Bakersfield.
Type:Office
Property size:
3,013 SFPrice / SF:
$224/SF- Added:
- Sep 9, 2024
- Days on Market:
- 632
- Last Refresh:
- May 12 at 9:50 pm
Property Features for 1727 16th Street
General Information
- Standard status
- Active
- Size
- 3,013 SF
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agent Jason Alexander License #CA 01360995
Listing office Colliers - Bakersfield, California (661) 631-3814
Listing date Sep 9, 2024
Source Crexi
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 Colliers - Bakersfield, California
HighLights
- Prime downtown Bakersfield location at the corner of 16th St and G St.
- Approximately 3,013 SF multi‑tenant general office building.
- Opportunity for owner‑user to occupy space and generate rental income.
- Close proximity to Dignity Health Mercy Hospital Downtown.
- Surrounded by office, medical, retail, and restaurants.
- Single‑story building.
Overview
The property at 1727 16th St is a single-story, multi-tenant general office building with an area of approximately 3,013 square feet. It is situated at the southeast corner of 16th St and G St in the downtown Bakersfield submarket. The location offers close proximity to Dignity Health Mercy Hospital Downtown and is surrounded by office, medical, retail, and restaurant establishments. This property is suitable for an owner-user looking to occupy a portion of the space while generating rental income from other tenants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.3k | $21.00 |
| − Vacancy | −$10.1k | −$3.36 |
| EGI | $53.1k | $17.64 |
| − OpEx | −$13.3k | −$4.41 |
| NOI | $39.9k | $13.23 |
3,013 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$569.5K
$498.3K – $664.4K
NOI $39,862 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.6K
$699.6K – $932.8K
NOI $55,969 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.0218925
- Latitude
- 35.3721469
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 3,013 SF multi-tenant office building in downtown Bakersfield.
Where is this office building located?
The property is located at 1727 16th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime downtown Bakersfield location at the corner of 16th St and G St.; Approximately 3,013 SF multi‑tenant general office building.; Opportunity for owner‑user to occupy space and generate rental income.
