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Property profile & analytics
OFF-MARKET Estimated value $685,000
Retail space

100 Oak St Bakersfield, CA 93304-2432

4,998 SF 0.64 ac lot Built 2006
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US10-2964015
Property summary
AI-generated overview

This exceptional 5,000-square-foot free-standing retail building presents a unique investment opportunity in Bakersfield's thriving Central Bakersfield submarket. Constructed in 2000, the single-story structure sits on a substantial 27,442-square-foot lot (63 acres of land), providing ample space for expansion or future development. The property boasts 37 total parking spaces, ensuring convenient access for customers and employees. Its strategic location at 100 Oak St, Bakersfield, CA 93304, near the cross street of Verde St, offers excellent visibility and accessibility, with easy on/off ramps to both Highway 58 and Highway 99. The property is zoned C-2, allowing for a variety of uses, including medical, retail, or office. The building is currently vacant, presenting a blank canvas for a new tenant or owner-user. Its proximity to a new 13,000-square-foot Octapharma Plasma facility further enhances its desirability and potential for increased foot traffic. The property's APN is 008-062-18, and it's located in Kern County. This is a rare opportunity to acquire a substantial retail property in a high-growth area of Bakersfield. The large lot size and ample parking make this an ideal location for a variety of businesses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction WOOD
Total area 4,998 SF
Lot 0.64 ac (27,878 SF)
Zoning code C2
APN 008-062-18-00-1
UPID US10-2964015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$735k
Comparable Approach Comparable
$716k
Blend (final) Blend
$685k
Owner & transaction history
Advance Investment LLC · 22 yrs held
Advance Investment LLC
since 2004
7 recorded transactions
2005
Price N/A
2004
$285,000
2003
$225,000
1994
$192,500
1975
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $970,000 +33.9%
Auto repair, garage $795,000 +9.8%
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