Two-Suite Medical Office
2005 17th Street, Bakersfield, CA 93301
For Sale
$895,000
Both suites are leased to medical and diagnostic service tenants.
Property Size4,171 SF
Price / SF$214.58
Days on Market313
Property Features for 2005 17th Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Office Units
Tenant in Place
Property Use
Medical Specialty
Amenities
3
Building Details
Year Built
Tenancy
Listing Agency:
Coldwell Banker Preferred, REALTORS
(661) 616-3600
Listed By:
Vikram Reddy · License CA #01845883
(661) 900-1596
Source:
Xome
Added: Jan 1
Changed: Nov 9
Last Checked: Apr 24 at 7:52AM
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 Coldwell Banker Preferred, REALTORS
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Investment Insights
Based on property information with market context.
This two-suite medical property in downtown Bakersfield combines a physician office with a diagnostic lab. The medical suite includes reception and waiting space, a staff station, 5/6 exam rooms, a procedure room, 2/3 physician offices, a breakroom, 4 restrooms and storage. The lab has a waiting room, 4 stations, 1 office and 2 restrooms. Quest Diagnostics and an OBGYN medical office occupy the suites, which are fully leased.
On-site and street parking are available. The property is near other medical facilities and conveniences, with access to Hwy 58 and Hwy 99.
On-site and street parking are available. The property is near other medical facilities and conveniences, with access to Hwy 58 and Hwy 99.
Key Highlights
- Two fully leased suites occupied by Quest Diagnostics and an OBGYN medical office
- Medical suite includes 5/6 exam rooms, a procedure room and 2/3 physician offices
- Diagnostic lab has 4 stations and 1 office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,558
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,160
$1.1M
Cap Rate 7%
$793,686
$793.7K
Cap Rate 9%
$617,311
$617.3K
Market Conditions
NOI Build-Up for 4,171 SF
Gross rent
$100.1K $24.00/SF
− Vacancy
−$7.5K −$1.80/SF
EGI
$92.6K $22.20/SF
− OpEx
−$37.0K −$8.88/SF
NOI
$55.6K $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%
$1,111,160
Cap Rate 7%
$793,686
Cap Rate 9%
$617,311
Alternative Uses
Best Use
Healthcare Medical
$793.7K
$694.5K – $926.0K
NOI $55,558 @ 7.0% cap · market cap 6.21%
Second Best
Office B
$788.3K
$689.8K – $919.7K
NOI $55,182 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.11M
$968.5K – $1.29M
NOI $77,480 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,598
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
Properties on Market for Medical Office Space in Bakersfield
Vacancy Rate% for Office in West region
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- Goodcat Veterinary Hospital — 1215 Eye St, Bakersfield, CA 93301
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Both suites are leased to medical and diagnostic service tenants.
Where is this medical office space located?
The property is located at 2005 17th Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two fully leased suites occupied by Quest Diagnostics and an OBGYN medical office; Medical suite includes 5/6 exam rooms, a procedure room and 2/3 physician offices; Diagnostic lab has 4 stations and 1 office
