Office-Warehouse Flex
3201 Pegasus Drive, Bakersfield, CA 93308
For Sale
Contact for pricing
Three flex suites combine warehouse clear heights with office space for manufacturing and distribution users.
Property Size12,000 SF
Price / SF$243.33
Days on Market150
Property Features for 3201 Pegasus Drive
General Information
Standard status
Size
Class
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Heavy Power
Additional Details
Highway Access
Office Units
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
ASU Commercial
Listed By:
Wesley Mcdonald
(661) 885-6950
Source:
Crexi
Added: Jun 18
Changed: Nov 13
Last Checked: Nov 12 at 7:09AM
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
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Investment Insights
Based on property information with market context.
This office-warehouse flex property offers approximately 12,000 square feet across three suites, each combining warehouse and office components. Clear heights range from 12 feet to 16 feet 6 inches, supporting a variety of light industrial and storage needs. Electrical service includes 200 Amps with 120/208V, 3-phase power.
The property is located at 3201 Pegasus Drive in Bakersfield, CA, about 0.8 miles from Highway 99. It also provides convenient access to Meadows Field Airport and the surrounding commercial area.
The mix of office and warehouse space within three separate suites can work well for tenants that need both administrative space and on-site operational support. The provided clear-height range and 3-phase power are practical considerations for businesses requiring functional warehouse environments alongside dedicated offices.
The property is located at 3201 Pegasus Drive in Bakersfield, CA, about 0.8 miles from Highway 99. It also provides convenient access to Meadows Field Airport and the surrounding commercial area.
The mix of office and warehouse space within three separate suites can work well for tenants that need both administrative space and on-site operational support. The provided clear-height range and 3-phase power are practical considerations for businesses requiring functional warehouse environments alongside dedicated offices.
Key Highlights
- Office‑warehouse property built in 1987 offering 12,000 SF in Bakersfield, CA
- Layout includes three suites with both warehouse and office components for flexible use
- Warehouse clear heights range from 12' to 16'6"
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,777
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,540
$3.0M
Cap Rate 7%
$2,125,386
$2.1M
Cap Rate 9%
$1,653,078
$1.7M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$187.2K $15.60/SF
− Vacancy
−$12.2K −$1.01/SF
EGI
$175.0K $14.59/SF
− OpEx
−$26.3K −$2.19/SF
NOI
$148.8K $12.40/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,975,540
Cap Rate 7%
$2,125,386
Cap Rate 9%
$1,653,078
Alternative Uses
Best Use
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,777 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,522 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$3.18M
$2.79M – $3.72M
NOI $222,912 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
16 ft
Clear height
3
Office units
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Bakersfield, CA
Properties on Market for Flex space in Bakersfield
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Three flex suites combine warehouse clear heights with office space for manufacturing and distribution users.
Where is this flex space located?
The property is located at 3201 Pegasus Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,920,000.
What are key features of this property?
This property features: Office‑warehouse property built in 1987 offering 12,000 SF in Bakersfield, CA; Layout includes three suites with both warehouse and office components for flexible use; Warehouse clear heights range from 12' to 16'6"
