Mixed-Use Training
3805 N Sillect Avenue, Bakersfield, CA 93308
For Sale
Contact for pricing
Office and warehouse areas support electrical apprenticeship instruction, workforce training, and related administrative activity.
Property Size15,211 SF
Lot Size2.54 Acres
Price / SF$187.36
Days on Market13
Property Features for 3805 N Sillect Avenue
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Highway Access
Currently Operating
Property Use
Building Details
Year Built
Building Size
Listing Agency:
Cushman & Wakefield - Bakersfield, California
Listed By:
Jeff Andrew · License #CA 00941323
(661) 327-2263
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:25PM
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 Cushman & Wakefield - Bakersfield, California
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Investment Insights
Based on property information with market context.
Built in 2011, this mixed-use facility contains approximately 15,211 square feet, with approximately 10,211 square feet devoted to offices and 5,000 square feet to warehouse space. Its established function is electrical apprenticeship and workforce training, alongside administrative and warehouse operations. The property occupies approximately 2.54 acres in Bakersfield, California, within a commercial and industrial setting, with freeway access noted. An approximately 0.46-acre portion of the site is excess land; potential development options include parking, yard area, or another building, subject to zoning and government approvals.
Key Highlights
- Approximately 15,211 square feet, including 10,211 square feet of office space and 5,000 square feet of warehouse space
- Approximately 2.54‑acre site in Bakersfield, California
- Built in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,974
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,819,480
$3.8M
Cap Rate 7%
$2,728,200
$2.7M
Cap Rate 9%
$2,121,933
$2.1M
Market Conditions
NOI Build-Up for 15,211 SF
Gross rent
$328.6K $21.60/SF
− Vacancy
−$23.0K −$1.51/SF
EGI
$305.6K $20.09/SF
− OpEx
−$114.6K −$7.53/SF
NOI
$191.0K $12.56/SF
Area
Bakersfield, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,819,480
Cap Rate 7%
$2,728,200
Cap Rate 9%
$2,121,933
Alternative Uses
Best Use
Mixed Use
$2.73M
$2.39M – $3.18M
NOI $190,974 @ 7.0% cap · market cap 6.70%
Second Best
Warehouse
$2.69M
$2.36M – $3.14M
NOI $188,587 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,560 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse areas support electrical apprenticeship instruction, workforce training, and related administrative activity.
Where is this mixed-use property located?
The property is located at 3805 N Sillect Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Approximately 15,211 square feet, including 10,211 square feet of office space and 5,000 square feet of warehouse space; Approximately 2.54‑acre site in Bakersfield, California; Built in 2011
