Medical Office with Clinical
For Sale
$265,000
Pending
2018 Niles St, Bakersfield, CA 93305
Configured for patient care with reception, examination rooms, treatment areas, and administrative space.
Property Size1,269 SF
Days on Market59
Property Features for 2018 Niles St
General Information
Standard status
Pending
Size
1,269 SF
Building Details
Abandoned
No
Listing Agency:
The Mora Partners Inc.
(661) 463-8186
Listed By:
Eduardo Farfan
(661) 428-8419
Source:
Exprealty
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 16 at 12:44PM
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 The Mora Partners Inc.
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Investment Insights
Based on property information with market context.
This 1,269-square-foot medical office is configured for professional healthcare operations and is currently used as an optometry office. The interior includes a reception and waiting area, private examination and treatment rooms, administrative work areas, restrooms, and additional space for storage or office functions.
Located at 2018 Niles St in Bakersfield, California, the property can support continued optometry or medical office use. Other professional office applications, including dental or compatible commercial uses, may be considered subject to applicable zoning and approvals.
Located at 2018 Niles St in Bakersfield, California, the property can support continued optometry or medical office use. Other professional office applications, including dental or compatible commercial uses, may be considered subject to applicable zoning and approvals.
Key Highlights
- 1,269‑square‑foot medical office property
- Currently configured as an optometry office
- Reception and patient waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,903
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,060
$338.1K
Cap Rate 7%
$241,471
$241.5K
Cap Rate 9%
$187,811
$187.8K
Market Conditions
NOI Build-Up for 1,269 SF
Gross rent
$30.5K $24.00/SF
− Vacancy
−$2.3K −$1.80/SF
EGI
$28.2K $22.20/SF
− OpEx
−$11.3K −$8.88/SF
NOI
$16.9K $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%
$338,060
Cap Rate 7%
$241,471
Cap Rate 9%
$187,811
Alternative Uses
Best Use
Healthcare Medical
$241.5K
$211.3K – $281.7K
NOI $16,903 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$336.8K
$294.7K – $392.9K
NOI $23,573 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care with reception, examination rooms, treatment areas, and administrative space.
Where is this medical office space located?
The property is located at 2018 Niles St Bakersfield, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,269‑square‑foot medical office property; Currently configured as an optometry office; Reception and patient waiting area
