Single-Story Medical Office
1801 16th Street Bakersfield, CA 93301
1801 16th Street, Bakersfield, CA, 93301
Contact for pricing
For Sale
Contact for pricing
Well-maintained single-story medical office building with flexible suites, excess parking, and immediate occupancy options.
Property Size15,817 SF
Price / SF$180.98
Days on Market89
Property Features for 1801 16th Street
General Information
- Standard status
- Active
- Size
- 15,817 SF
- Property subtype
- Office
Building Details
- Year Built
- 1969
Listing agency
Colliers - Bakersfield, California
(661) 631-3816
Listed by
David Williams · License #CA 00855489
Source
Crexi
Added: Apr 24 Updated: Jul 20 at 4:48PM Checked: Jul 21 at 2:40PM
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
Investment Insights
Based on property information with market context.
Centennial Medical Building is a well-maintained, single-story medical office property offering flexible suites within a 15,817 RSF layout. The building is presented for sale with immediate occupancy options, supporting both owner-user and investor scenarios.
The property is located in downtown Bakersfield and is within walking distance of Dignity Health Mercy Hospital Downtown. The offering also includes excess parking and a surplus lot that may support expansion or additional parking.
As described, the property provides turnkey functionality for incoming tenants and also presents potential income from leased suites.
The property is located in downtown Bakersfield and is within walking distance of Dignity Health Mercy Hospital Downtown. The offering also includes excess parking and a surplus lot that may support expansion or additional parking.
As described, the property provides turnkey functionality for incoming tenants and also presents potential income from leased suites.
Key Highlights
- Single‑story medical office building built in 1969
- 15,817 RSF medical office building offered at $2,862,540 ($190/SF)
- Located in downtown Bakersfield, CA within walking distance of Dignity Health Mercy Hospital Downtown
Local Financial Insights For Healthcare Medical
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 | $379.6k | $24.00 |
| − Vacancy | −$28.5k | −$1.80 |
| EGI | $351.1k | $22.20 |
| − OpEx | −$140.5k | −$8.88 |
| NOI | $210.7k | $13.32 |
15,817 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.01M
$2.63M – $3.51M
NOI $210,682 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$2.99M
$2.62M – $3.49M
NOI $209,259 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,817 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
WestPac Labs
Laboratory
Clinicians Telemed
Physician
The Centennial Group
Physician
Federal Bureau of Investigation
Corporate Office
Independence Medical Group
Medical Group
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FAQs
What type of property is this?
Office building - Well-maintained single-story medical office building with flexible suites, excess parking, and immediate occupancy options.
Where is this office building located?
The property is located at 1801 16th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,862,540.
What are key features of this property?
This property features: Single‑story medical office building built in 1969; 15,817 RSF medical office building offered at $2,862,540 ($190/SF); Located in downtown Bakersfield, CA within walking distance of Dignity Health Mercy Hospital Downtown
