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    Office-Warehouse Flex Property Title is generated by Realmo AI

    3201 Pegasus Drive, Bakersfield, CA 93308

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    Three flex suites combine warehouse clear heights with office space for manufacturing and distribution users.

    Type:Office, Industrial
    Property size:
    12,000 SF
    Price / SF:
    $243/SF
    Added:
    Jun 18, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 24 at 2:16 am

    Property Features for 3201 Pegasus Drive

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1987

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    Wesley Mcdonald

    Listing office ASU Commercial

    Listing date Jun 18, 2026

    Source Crexi

    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

    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"
    • Electrical service: 200 Amps, 120/208V, 3‑phase power
    • Located 0.8 miles from Highway 99 for convenient regional access
    • Convenient to Meadows Field Airport and the surrounding commercial area

    Overview

    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.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $252.0k $21.00
    − Vacancy −$40.3k −$3.36
    EGI $211.7k $17.64
    − OpEx −$52.9k −$4.41
    NOI $158.8k $13.23
    12,000 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.27M
    $1.98M – $2.65M (±1% cap)
    NOI $158,760 @ 7.0% cap · market cap 5.44%
    Second Best
    Warehouse
    $2.13M
    $1.86M – $2.48M (±1% cap)
    NOI $148,777 @ 7.0% cap · market cap 5.10%
    Theoretical Best
    Office A
    $3.18M
    $2.79M – $3.72M (±1% cap)
    NOI $222,912 @ 7.0% cap · market cap 7.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Greenhorn Outfitter, LLC Training Center BSF YA-SDG High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.066892
    Latitude
    35.4342956

    FAQs

    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"
    More about this property
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