Medical Office Space with
For Sale
Contact for pricing
3130 Union Ave, Bakersfield, CA 93305
C-2 zoning supports medical, office, and retail uses with onsite and street parking.
Property Size2,141 SF
Price / SF$235.87
Days on Market8
Property Features for 3130 Union Ave
General Information
Standard status
Active
Size
2,141 SF
Property subtype
OFFICE
Zoning
C-2
Additional Details
Road Access
Yes
Listing Agency:
ASU Commercial
(661) 616-3571
Listed By:
Jacob Shaw · License #01179469
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 8:28AM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This 2,141-square-foot medical office space is configured for professional use and was previously occupied by a dental practice. The property offers signage exposure along Union Avenue, with both onsite and street parking available.
Zoned C-2 (General Commercial), the site supports a broad range of medical, office, and retail uses. Its location at 3130 Union Ave in Bakersfield places it adjacent to Longfellow Elementary School.
Zoned C-2 (General Commercial), the site supports a broad range of medical, office, and retail uses. Its location at 3130 Union Ave in Bakersfield places it adjacent to Longfellow Elementary School.
Key Highlights
- 2,141 square feet of medical office space
- Previously used as a dental office
- C‑2 (General Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,360
$570.4K
Cap Rate 7%
$407,400
$407.4K
Cap Rate 9%
$316,867
$316.9K
Market Conditions
NOI Build-Up for 2,141 SF
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.
Gross rent
$51.4K $24.00/SF
− Vacancy
−$3.9K −$1.80/SF
EGI
$47.5K $22.20/SF
− OpEx
−$19.0K −$8.88/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,360
Cap Rate 7%
$407,400
Cap Rate 9%
$316,867
Alternative Uses
Best Use
Healthcare Medical
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$404.6K
$354.1K – $472.1K
NOI $28,325 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$568.2K
$497.1K – $662.9K
NOI $39,771 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stiern Veterinary Hospital — 17 Monterey St, Bakersfield, CA 93305
- Bakersfield Vet Center — 1110 Golden State Ave, Bakersfield, CA 93301
- Seeley Caitlin DVM — 17 Monterey St, Bakersfield, CA 93305
- Rakow Rose M DVM — 17 Monterey St, Bakersfield, CA 93305
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-2 zoning supports medical, office, and retail uses with onsite and street parking.
Where is this medical office space located?
The property is located at 3130 Union Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 2,141 square feet of medical office space; Previously used as a dental office; C‑2 (General Commercial) zoning
