Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500-506 E California Ave Bakersfield, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,316 SF +/- building on 0.36 acre lot for sale.

    Type:OFFICE
    Property size:
    7,316 SF
    Lot size:
    0.19 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    129
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 500-506 E California Ave

    General Information

    Standard status
    Active
    Size
    7,316 SF
    Lot size
    0.19 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Ross Puskarich
    Ross Puskarich

    Listing agent Eric Powers License #02175945

    Listing office Lee & Associates | Bakersfield

    Listing date Nov 25, 2025

    Source Moodyscre

    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

    Overview

    Freestanding Office/Retail Building in Bakersfield

    This 7,316 square foot freestanding building is located on a corner lot in Bakersfield. Situated on a 0.36 acre lot spanning two parcels, the property is currently configured as two separate units. The M-1 zoning accommodates a range of industrial, office, or commercial uses. The property offers flexibility for owner-users or investors.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.999
    Latitude
    35.3688

    Nearby Similar for Lease

    • Contact for pricing

      Office Space in Sports Facility

      Office and barber shop spaces available inside a gymnasium.
      3500 21ST Street, Bakersfield, CA 93301
      View Details
    • Contact for pricing

      Bakersfield Office Building For Lease

      Single-story office building in North Bakersfield with flexible lease terms.
      4000 Rio Del Norte St, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Bakersfield Industrial Space For Rent

      12,757 SF industrial space in a vibrant industrial zone.
      6379 7 seas, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      4900 California Avenue

      4900 California Ave Tower B, Unit 2ND, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      CA, Bakersfield - Truxtun Ave.

      5701 Truxtun Ave, Unit 2ND, Bakersfield, CA 93309
      View Details
    • Sponsored
      Contact for pricing

      CA, Bakersfield - 19th St

      1030 19Th St, Unit 1ST, Bakersfield, CA 93301
      View Details
    • Contact for pricing

      Industrial Property with Large Yard

      Office, warehouse, and yard space for lease in Bakersfield.
      18400 Hwy 65, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Bakersfield Office Space For Rent

      Office space for rent including utilities and on-site parking.
      1400 Chester Ave, Bakersfield, CA
      View Details
    • Contact for pricing

      Freestanding Restaurant Building with Drive-Thru

      3,275 SF restaurant building with drive-thru on 0.73 acres.
      2617 Haley St, Bakersfield, CA 93305
      View Details
    • $1.65/mo

      Retail Space on Rosedale Highway

      Retail space with high visibility on a busy thoroughfare.
      9910 Rosedale Hwy | Bakersfield, CA 93312, CA 93312
      View Details
    • $3,700,000/mo

      Former Rite Aid Retail Space

      Commercial lease opportunity, previously a Rite Aid, suitable for retail.
      100 China Grade, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Executive Office Space For Rent

      972 SF executive office space available for lease.
      2315 Q St, Bakersfield, CA
      View Details

    FAQs

    What type of property is this?
    Office building - 7,316 SF +/- building on 0.36 acre lot for sale.
    Where is this office building located?
    The property is located at 500-506 E California Ave Bakersfield, CA.
    What are key features of this property?
    This property features: High‑visibility corner location in the heart of Bakersfield.; Large 7,316 square foot +/- freestanding building.; Flexible configuration as two separate units for owner‑users or investors.
    (661) 864-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ross Puskarich
    Ross Puskarich
    Real Estate License ID: 02175945
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!