Building Details

Year built 1927

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Phil M Jordan Show Phone

Added: Aug 28 Last Checked: Oct 6 at 4:06PM

Report an Issue

MLS# 202609287

Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,036

Cap Rate

3.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,720 $240.7K

Cap Rate 7%

$171,943 $171.9K

Cap Rate 9%

$133,733 $133.7K

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$23.3K $23.28/SF

− Vacancy

−$1.4K −$1.40/SF

EGI

$21.9K $21.88/SF

− OpEx

−$9.8K −$9.85/SF

NOI

$12.0K $12.04/SF

Area

Bakersfield, CA

Vacancy

6.00%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,720

Cap Rate 7%

$171,943

Cap Rate 9%

$133,733

Alternative Uses

Best Use

Apartment 5plus

$171.9K

$150.5K – $200.6K (±1% cap)

NOI $12,036 @ 7.0% cap · market cap 3.02%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$265.4K

$232.2K – $309.6K (±1% cap)

NOI $18,576 @ 7.0% cap · market cap 4.66%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic HVAC Service Gym & Fitness Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

563

Businesses Nearby

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Duplex with Separate Studio

515 Wilson Avenue, Bakersfield, CA 93308

$315,000

980 SF

View details

Upgraded Duplex with Covered Parking

2321 B Street, Bakersfield, CA 93301

$430,000

1,117 SF

View details

Newly Built Single-Story Triplex

1222 Jeffrey Street, Bakersfield, CA 93305

$620,000

939 SF

View details

Duplex with Separate Utilities

3315 Culver Street, Bakersfield, CA 93306

$299,900

1,126 SF

View details

Updated Duplex with Detached Unit

2325 Verde Street, Bakersfield, CA 93304

$319,950

1,199 SF

View details

Three-Unit Property with Separate Entrances

3709 Jewett Avenue, Bakersfield, CA 93301

$530,000

1,260 SF

View details

Updated Duplex With Private Laundry

1233 Woodrow Ave, Bakersfield, CA 93308

$425,000

1,468 SF

View details

Renovated Duplex with Covered Parking

913 Jeffrey Street, Bakersfield, CA 93305

$390,000

1,674 SF

View details

Live-Work Industrial Building

2800 Patton, Bakersfield, CA 93308

$249,900

1,283 SF

View details

2-Unit Duplex with Separate Residences

2912 Kentucky St, Bakersfield, CA 93305

$289,500

1,373 SF

View details

Remodeled Duplex with Solar

1408 Lincoln St, Bakersfield, CA 93305

$370,000

1,648 SF

View details

Downtown Storefront Property

525 E 19th, Bakersfield, CA 93305

$299,999

1,445 SF

View details

Frequently Asked Questions

Where is this commercial land located?

The property is located at 518 Roberts Lane Bakersfield, CA.

What is the asking price?

The asking price for this property is $399,000.