Medical Office Space with
For Sale
Contact for pricing
3130 Union Avenue, Bakersfield, CA
C-2-zoned medical property currently leased through June 30, 2027.
Property Size2,141 SF
Price / SF$235.87
Days on Market99
Property Features for 3130 Union Avenue
General Information
Standard status
Active
Size
2,141 SF
Total Parking Spaces
11
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
1945
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
ASU Commercial
Listed By:
Martin Starr · License #CA 01179469
(661) 616-3567
Source:
Crexi
Added: Jul 31
Changed: Oct 26
Last Checked: Nov 4 at 11:31AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,141-square-foot medical office property was built in 1945 and previously operated as a pediatric dental office. The existing layout is suited to medical use and can be converted to general office space. C-2 zoning supports medical and professional office applications.
The property is located at 3130 Union Avenue in Bakersfield, near downtown, with signage along Union Avenue. On-site parking includes 11 stalls, supplemented by street parking. The current lease runs through June 30, 2027, providing near-term occupancy under the existing tenancy before potential owner occupancy after expiration.
The property is located at 3130 Union Avenue in Bakersfield, near downtown, with signage along Union Avenue. On-site parking includes 11 stalls, supplemented by street parking. The current lease runs through June 30, 2027, providing near-term occupancy under the existing tenancy before potential owner occupancy after expiration.
Key Highlights
- 2,141‑square‑foot medical office property
- Previously operated as a pediatric dental office
- C‑2 zoning supports medical and professional office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,518
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-2-zoned medical property currently leased through June 30, 2027.
Where is this medical office space located?
The property is located at 3130 Union Avenue 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‑foot medical office property; Previously operated as a pediatric dental office; C‑2 zoning supports medical and professional office uses
