Renovated Office
For Sale
$435,000
3917 Stockdale Hwy, Bakersfield, CA 93309
Commercial office property with gated access, on-site parking, and rear storage space.
Property Size1,388 SF
Price / SF$313.40
Days on Market656
Property Features for 3917 Stockdale Hwy
General Information
Standard status
Active
Size
1,388 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Agentcor-Big Block Realty
(661) 348-0321
Listed By:
Evelyn Martinez · License #01898624
(661) 348-0321
Source:
Exprealty
Added: Nov 14, 2024
Changed: Aug 30
Last Checked: Aug 31 at 6:12PM
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 Agentcor-Big Block Realty
Investment Insights
Based on property information with market context.
This renovated office property occupies a former home configured for commercial use. Improvements include new plumbing, a replacement water tank, a new front door, air-conditioning, and a fully updated bathroom. A block fence encloses the property, and a private gate provides controlled entry. The layout may accommodate law, tax, salon, and other office-oriented businesses.
Located on Stockdale Highway in west Bakersfield, the property is described as close to the freeway. On-site parking is provided through a private lot, while a rear storage room with its own entrance adds practical support space. The building contains 1388 square feet, according to the assessor’s office.
Located on Stockdale Highway in west Bakersfield, the property is described as close to the freeway. On-site parking is provided through a private lot, while a rear storage room with its own entrance adds practical support space. The building contains 1388 square feet, according to the assessor’s office.
Key Highlights
- 1388 square feet per the assessor’s office
- Renovated office property with new plumbing and a new water tank
- Updated bathroom, front door, and air‑conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,260
$367.3K
Cap Rate 7%
$262,329
$262.3K
Cap Rate 9%
$204,033
$204.0K
Market Conditions
NOI Build-Up for 1,388 SF
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.
Gross rent
$29.1K $21.00/SF
− Vacancy
−$4.7K −$3.36/SF
EGI
$24.5K $17.64/SF
− OpEx
−$6.1K −$4.41/SF
NOI
$18.4K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,260
Cap Rate 7%
$262,329
Cap Rate 9%
$204,033
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.1K
NOI $18,363 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,783 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with gated access, on-site parking, and rear storage space.
Where is this office building located?
The property is located at 3917 Stockdale Hwy Bakersfield, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1388 square feet per the assessor’s office; Renovated office property with new plumbing and a new water tank; Updated bathroom, front door, and air‑conditioning
