Live-Work Industrial
For Sale
$249,900
2800 Patton, Bakersfield, CA 93308
Industrial buildings totaling about 1,283 square feet can be used as office or living space options.
Property Size1,283 SF
Price / SF$194.78
Days on Market172
Property Features for 2800 Patton
General Information
Standard status
Active
Size
1,283 SF
Building Details
Year Built
1948
Listing Agency:
Open Door Real Estate
Listed By:
Miguel Hernandez · License #01904653
(661) 778-9135
Source:
Myfabuloushome
Added: May 9
Changed: Oct 25
Last Checked: Oct 19 at 12:33PM
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 Open Door Real Estate
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Investment Insights
Based on property information with market context.
This industrial property includes buildings totaling approximately 1,283 square feet, designed to support flexible use as either modern office space or living space. The configuration offers a live-work style option for buyers seeking a property that can be adapted to different day-to-day needs.
The site is located on the northwest side of Bakersfield, CA 93308. Walk and bike scores are listed as 57 (Somewhat Walkable) and 49 (Somewhat Bikeable), with a transit score of 27 (Some Transit).
For sale, this is a single property that combines office and residential potential within an industrial setting, providing a straightforward option for those looking for adaptable space in Bakersfield.
The site is located on the northwest side of Bakersfield, CA 93308. Walk and bike scores are listed as 57 (Somewhat Walkable) and 49 (Somewhat Bikeable), with a transit score of 27 (Some Transit).
For sale, this is a single property that combines office and residential potential within an industrial setting, providing a straightforward option for those looking for adaptable space in Bakersfield.
Key Highlights
- Industrial buildings totaling about 1,283 SF can be converted for office or living space use
- Year built: 1948
- Located on the northwest side of Bakersfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,974
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,480
$339.5K
Cap Rate 7%
$242,486
$242.5K
Cap Rate 9%
$188,600
$188.6K
Market Conditions
NOI Build-Up for 1,283 SF
Gross rent
$26.9K $21.00/SF
− Vacancy
−$4.3K −$3.36/SF
EGI
$22.6K $17.64/SF
− OpEx
−$5.7K −$4.41/SF
NOI
$17.0K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,480
Cap Rate 7%
$242,486
Cap Rate 9%
$188,600
Alternative Uses
Best Use
Office B
$242.5K
$212.2K – $282.9K
NOI $16,974 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$230.1K
$201.4K – $268.5K
NOI $16,108 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
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Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Industrial buildings totaling about 1,283 square feet can be used as office or living space options.
Where is this live-work space located?
The property is located at 2800 Patton Bakersfield, CA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Industrial buildings totaling about 1,283 SF can be converted for office or living space use; Year built: 1948; Located on the northwest side of Bakersfield
