Back to Search
Leased Medical Offices Investment Opportunity

3737 San Dimas St Bakersfield, CA 93301

3737 San Dimas St, Bakersfield, CA, 93301
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Fully leased medical offices near Memorial Hospital, great investment opportunity.

Property Size11,749 SF
Price / SF$272.36
AddedJul 5, 2023
Days on Market1108
Last RefreshJul 14 at 8:16 pm

Property Features for 3737 San Dimas St

General Information

Standard status
Active
Size
11,749 SF
Property subtype
Office

Listing office Coldwell Banker Preferred, Realtors

Listing date Jul 5, 2023

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 Coldwell Banker Preferred, Realtors


Investment Insights

Based on property information with market context.

This property presents an investment opportunity with two fully leased medical office buildings located across from Memorial Hospital. Building 101 features 5,927 square feet of space, including 8 exam rooms, 4 doctor offices, a billing office, an administrator office, a procedure room, a large waiting room, and ADA-compliant restrooms. Building 102 offers 5,822 square feet, with exam rooms, doctor offices, a billing office, an administrator office, a procedure room, restrooms, and a large waiting area. The property is zoned CO and provides ample parking. Its location offers proximity to various medical facilities and conveniences, with convenient access to major highways.

Key Highlights

  • Fully leased medical offices providing immediate investment income.
  • Prime location directly across from Memorial Hospital.
  • Two buildings totaling 11,749 sq ft of medical office space.

Local Financial Insights For Healthcare Medical

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 $282.0k $24.00
− Vacancy −$21.1k −$1.80
EGI $260.8k $22.20
− OpEx −$104.3k −$8.88
NOI $156.5k $13.32
11,749 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$2.24M
$1.96M – $2.61M (±1% cap)
NOI $156,497 @ 7.0% cap · market cap 4.89%
Second Best
Office B
$2.22M
$1.94M – $2.59M (±1% cap)
NOI $155,439 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M (±1% cap)
NOI $218,249 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bakersfield Family Medical ... Medical Clinic Sukhmani Kaur Singh Physician San Joaquin Valley ... Physician Uzma Yousuf, DO Pediatrician Bacon Jeffrey D ... Physician

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Pet Grooming Service Grocery & Convenience Store Tanning Salon Tech Support Center (Bike/Boat/Book/etc) Store Plumbing Service

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

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

FAQs

What type of property is this?
Medical Office Space - Fully leased medical offices near Memorial Hospital, great investment opportunity.
Where is this medical office space located?
The property is located at 3737 San Dimas St Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Fully leased medical offices providing immediate investment income.; Prime location directly across from Memorial Hospital.; Two buildings totaling 11,749 sq ft of medical office space.
Contact an agent
(661) 836-6260 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message