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 Changed: Oct 8 Last Checked: Oct 17 at 3:06PM

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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.

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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

Is this asking price fair?

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. How Realmo checks its estimates

Property Analytics

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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

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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.