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    High-Traffic Corner Retail Land Title is generated by Realmo AI

    4040 Ming Ave, Bakersfield, CA 93309

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    Corner land at Ming Ave and New Stine Rd offers strong regional visibility and access near major retailers.

    Type:Land
    Property size:
    44,411 SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 4:58 am

    Property Features for 4040 Ming Ave

    General Information

    Standard status
    Active
    Size
    44,411 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Sam Abed

    Listing agent Sam Abed License #CA 01327240

    Listing office Prime Retail Group

    Listing date May 29, 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 Prime Retail Group

    HighLights

    • Corner land at the intersection of Ming Ave and New Stine Rd in Bakersfield
    • Located on Ming Ave, an east‑west retail arterial serving the southwest Bakersfield trade area
    • Near the Hwy 99 on‑ramp for regional access in Bakersfield
    • Hwy 99 carries over 108,000 vehicles per day through central Bakersfield
    • Walkable area includes national and regional retailers: PetSmart, Food Maxx, Guitar Center, TJ Maxx, Home Depot, Ross, and dd’s Discounts
    • 5‑mile trade area population exceeds 200,000 residents, with a projected 426,842 by 2026

    Overview

    The subject parcels offer commercial land at the intersection of Ming Ave and New Stine Rd, positioned along one of Bakersfield’s east-west retail corridors serving the southwest Bakersfield trade area. The offering is land-focused, designed for buyers and operators seeking to develop a retail-oriented site at a prominent cross-street location.

    Ming Ave and New Stine Rd provide practical access to the broader Bakersfield area, with the Hwy 99 on-ramp just minutes away. The intersection is described as one of the city’s highest-traffic points, and Hwy 99 is stated to carry over 108,000 vehicles per day through central Bakersfield. The immediate trade area includes a dense mix of national and regional retail anchors within a walkable radius, including PetSmart, Food Maxx, Guitar Center, TJ Maxx, The Home Depot, Ross Dress for Less, and dd’s Discounts.

    This site is best suited for retail developers and investors looking for a high-profile corner location supported by a concentrated nearby retail base and established southwest Bakersfield residential population. With a 5-mile trade area population exceeding 200,000 residents, the property offers a straightforward platform for a future retail concept tailored to local shoppers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0476728
    Latitude
    35.3398998

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    FAQs

    What type of property is this?
    Commercial land - Corner land at Ming Ave and New Stine Rd offers strong regional visibility and access near major retailers.
    Where is this commercial land located?
    The property is located at 4040 Ming Ave Bakersfield, CA.
    What are key features of this property?
    This property features: Corner land at the intersection of Ming Ave and New Stine Rd in Bakersfield; Located on Ming Ave, an east‑west retail arterial serving the southwest Bakersfield trade area; Near the Hwy 99 on‑ramp for regional access in Bakersfield
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Abed
    Real Estate License ID: CA 01327240
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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