Flex Space with Vacant
New
For Sale
$1,995,000
4747 E Brundage Ln, Bakersfield, CA 93307
The combined offering pairs an established industrial building with an additional vacant M-2-zoned parcel.
Property Size10,500 SF
Lot Size4.98 Acres
Price / SF$142.50
Days on Market4
Property Features for 4747 E Brundage Ln
General Information
Standard status
Active
Size
10,500 SF
Lot size
4.98 Acres
Property subtype
Industrial
Zoning
M-2
Additional Details
Land Use
industrial
Property Use
Industrial
Building Details
Building Size
10,500 SF
Year Built
1982
Listing Agency:
Lee & Associates | Bakersfield
Listed By:
Ross Puskarich · License #CalDRE #02175945
(661) 889-6580
Source:
Lee-associates
Added: Oct 28
Last Checked: Oct 30 at 11:48AM
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 Lee & Associates | Bakersfield
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Investment Insights
Based on property information with market context.
This offering brings together approximately 14,000 square feet of industrial and flex improvements on approximately 2.48 acres and a separate vacant parcel of approximately 2.50 acres, for 4.98 acres overall. Both parcels are zoned M-2, and the building dates to 1982. Warehouse, distribution, and manufacturing are identified as potential uses for the building.
The property is north of SR 58, south of E Brundage Lane, and immediately west of S Oswell Street. It is near the Oswell interchange and surrounding industrial users.
The property is north of SR 58, south of E Brundage Lane, and immediately west of S Oswell Street. It is near the Oswell interchange and surrounding industrial users.
Key Highlights
- Approximately 14,000 SF of industrial/flex improvements
- Improved parcel contains approximately 2.48 acres
- Separate vacant parcel contains approximately 2.50 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,838
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,516,760
$3.5M
Cap Rate 7%
$2,511,971
$2.5M
Cap Rate 9%
$1,953,756
$2.0M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$215.0K $15.36/SF
− Vacancy
−$8.2K −$0.58/SF
EGI
$206.9K $14.78/SF
− OpEx
−$31.0K −$2.22/SF
NOI
$175.8K $12.56/SF
Area
ZIP 93307
Vacancy
3.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,516,760
Cap Rate 7%
$2,511,971
Cap Rate 9%
$1,953,756
Alternative Uses
Best Use
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,838 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$2.12M
$1.86M – $2.48M
NOI $148,712 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,148 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Momma Missie’s Taco’s & more — 606 Bohna St, Bakersfield, CA 93307
Frequently Asked Questions
What type of property is this?
Flex space - The combined offering pairs an established industrial building with an additional vacant M-2-zoned parcel.
Where is this flex space located?
The property is located at 4747 E Brundage Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Approximately 14,000 SF of industrial/flex improvements; Improved parcel contains approximately 2.48 acres; Separate vacant parcel contains approximately 2.50 acres
