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Property profile & analytics
FOR LEASE
Medical Office Space

2323 16Th St Bakersfield, CA 93301

1,645 SF 0.9 ac lot Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US09-3374607
Property summary
AI-generated overview

Mercy Medical Plaza, located at 2323 16th Street in Bakersfield, California, 93301, presents a unique opportunity for medical professionals seeking established office space within a thriving downtown location. This five-story building, constructed in 1983, offers a total of 57,317 square feet, with a significant 24,796 square feet currently vacant and available for lease. The building sits on a 0.9-acre lot and is zoned C-2, allowing for a variety of medical uses. The minimum divisible space is 200 square feet, while the maximum contiguous space available is 2,488 square feet, providing flexibility for practices of various sizes. The property boasts a multi-tenant configuration, fostering a collaborative environment. Its strategic location on the downtown campus of Mercy Hospital, part of Common Spirit Health/Dignity Health, ensures high visibility and convenient access to a large patient base. Furthermore, its proximity to major banks, retail establishments, county buildings, and restaurants enhances the convenience and appeal of this prime medical office space in the heart of Bakersfield. This is an exceptional opportunity to establish or expand a medical practice in a well-established and highly accessible location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction WOOD
Total area 1,645 SF
Lot 0.9 ac (39,204 SF)
Zoning code M-1
APN 004-450-02-00-5
UPID US09-3374607
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sabetian Katayoun MD Physician Medical Clinic
  • Neurology & Neuromuscular Spec Medical Clinic
  • Michael Price MD Physician
  • Elsa T Lavadia Inc Pediatrician Medical Clinic
  • Aileen R Matuk Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
The Cardinal Group LLC · 4 yrs held
The Cardinal Group LLC
since 2022
7 recorded transactions
2023
Price N/A
2022
Price N/A
2019
$17,000
2019
Price N/A
2016
$20,000
2007
Price N/A
1995
Price N/A
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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