Multi-Tenant Office
New
For Sale
$3,100,000
5330 Office Center Court, Bakersfield, CA 93309
The single-story property carries C-O zoning and connects to Highway 99 and Freeway 58.
Property Size18,170 SF
Lot Size1.49 Acres
Price / SF$170.61
Days on Market2
Property Features for 5330 Office Center Court
General Information
Standard status
Active
Size
18,170 SF
Lot size
1.49 Acres
Property subtype
Mixed Use
Zoning
C-O
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1980
Buildings
1
Stories
1
Building Size
18,170 SF
Tenancy
Multi
Listing Agency:
Coldwell Banker Preferred, REALTORS
Listed By:
David Gay · License #00593385
(661) 333-3940
Source:
Cbcworldwide
Added: Nov 1
Last Checked: Nov 1 at 3:59PM
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 Coldwell Banker Preferred, REALTORS
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Investment Insights
Based on property information with market context.
This single-story office property contains approximately 18,170 square feet on a 64,687-square-foot cul-de-sac parcel. Developed in 1980 as three separate structures, the buildings were joined beneath one roof in 1984 through connecting hallways. The property is zoned C-O for commercial office use.
Located in Bakersfield’s California Avenue commercial and office corridor, the site offers access to Highway 99 and the east-west extension of Freeway 58. The building has served as a multi-tenant professional office property.
Located in Bakersfield’s California Avenue commercial and office corridor, the site offers access to Highway 99 and the east-west extension of Freeway 58. The building has served as a multi-tenant professional office property.
Key Highlights
- Approximately 18,170 sqft in a single‑story office building
- 64,687 sqft cul‑de‑sac lot with C‑O zoning
- Three original buildings were linked by hallways in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,389
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,807,780
$4.8M
Cap Rate 7%
$3,434,129
$3.4M
Cap Rate 9%
$2,670,989
$2.7M
Market Conditions
NOI Build-Up for 18,170 SF
Gross rent
$381.6K $21.00/SF
− Vacancy
−$61.1K −$3.36/SF
EGI
$320.5K $17.64/SF
− OpEx
−$80.1K −$4.41/SF
NOI
$240.4K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,807,780
Cap Rate 7%
$3,434,129
Cap Rate 9%
$2,670,989
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.01M
NOI $240,389 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.82M
$4.22M – $5.63M
NOI $337,526 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,867
Businesses Nearby
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Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The single-story property carries C-O zoning and connects to Highway 99 and Freeway 58.
Where is this office building located?
The property is located at 5330 Office Center Court Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Approximately 18,170 sqft in a single‑story office building; 64,687 sqft cul‑de‑sac lot with C‑O zoning; Three original buildings were linked by hallways in 1984
