Two-Story Medical Office
3933 Coffee Road, Bakersfield, CA 93308
For Sale
Contact for pricing
Two healthcare practices occupy the building under NN leases with scheduled annual rent increases.
Property Size9,135 SF
Price / SF$362.69
Days on Market14
Property Features for 3933 Coffee Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Office Units
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Owner Occupied
Listing Agency:
Northmarq - Tulsa
Listed By:
Kelly Largent · License #TX
(918) 494-2690
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 3:33PM
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 Northmarq - Tulsa
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Investment Insights
Based on property information with market context.
Built in 2010, this 9,135-square-foot medical office property has two stories and is fully leased to Total Renal Care, Inc. d/b/a DaVita and The Nephrology Group d/b/a Advanced Kidney Medical Group. DaVita occupies 4,836 square feet under a lease running through January 31, 2030, with three five-year renewal options. Advanced Kidney Medical Group uses 4,299 square feet under a lease ending December 31, 2030. Both leases include 3% annual rent increases during their current terms and limit the landlord’s obligations to the roof and structure.
The property is on Coffee Road in northwest Bakersfield’s Rosedale and Riverlakes trade area. Nearby uses include medical offices, professional services, grocery stores and major retail centers.
The property is on Coffee Road in northwest Bakersfield’s Rosedale and Riverlakes trade area. Nearby uses include medical offices, professional services, grocery stores and major retail centers.
Key Highlights
- 9,135‑square‑foot, two‑story medical office building completed in 2010
- Fully leased to DaVita and The Nephrology Group d/b/a Advanced Kidney Medical Group
- DaVita occupies 4,836 square feet; lease ends January 31, 2030, with three five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,678
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,560
$2.4M
Cap Rate 7%
$1,738,257
$1.7M
Cap Rate 9%
$1,351,978
$1.4M
Market Conditions
NOI Build-Up for 9,135 SF
Gross rent
$219.2K $24.00/SF
− Vacancy
−$16.4K −$1.80/SF
EGI
$202.8K $22.20/SF
− OpEx
−$81.1K −$8.88/SF
NOI
$121.7K $13.32/SF
Area
Bakersfield, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,560
Cap Rate 7%
$1,738,257
Cap Rate 9%
$1,351,978
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,678 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$1.73M
$1.51M – $2.01M
NOI $120,856 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,692 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
854
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
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Market
Properties on Market for Medical Office Space in Bakersfield
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Petco Vaccination Clinic — 8220 Rosedale Hwy, Bakersfield, CA 93312
- VETCO Vaccination Clinic at PETCO — 8220 Rosedale Hwy, Bakersfield, CA 93312
- Hammans Eric DVM — 3534 Coffee Rd, Bakersfield, CA 93308
- Michel Lilian DVM — 3534 Coffee Rd, Bakersfield, CA 93308
- Mischke Julie DVM — 3534 Coffee Rd, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two healthcare practices occupy the building under NN leases with scheduled annual rent increases.
Where is this medical office space located?
The property is located at 3933 Coffee Road Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,313,159.
What are key features of this property?
This property features: 9,135‑square‑foot, two‑story medical office building completed in 2010; Fully leased to DaVita and The Nephrology Group d/b/a Advanced Kidney Medical Group; DaVita occupies 4,836 square feet; lease ends January 31, 2030, with three five‑year renewal options
