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    10215 Stobaugh St Lamont, CA 93241

    Sponsored
    For Sale
    $1,400,000

    Kern County Office, 9,802 SF, 6% Cap Rate

    Property size:
    9,802 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant office building located at 10215 Stobaugh St, Lamont, CA 93241. The property, boasting 9,802 square feet, is currently 100% occupied by the County of Kern, providing essential services to the Lamont community. The lease commenced on March 1st, 2023, and has a remaining term of approximately 3.3 years, expiring February 28th, 2028. The asking price is $1,400,000, representing a compelling price per square foot of $142.83, significantly below replacement cost. The building, constructed in 1994, is a single-story structure situated on a single lot (APN 186-052-25) and features ample parking. The property generates a strong net operating income (NOI) of $83,526, resulting in an attractive 6.00% capitalization rate. Recent interior improvements enhance the building's functionality and appeal. This is a rare opportunity to acquire a stable, income-producing asset in a growing community, offering a secure investment with significant upside potential. The property is classified as a traditional office building.

    Property Features for 10215 Stobaugh St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,802 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • Single‑tenant office building, 9,802 square feet, located at 10215 Stobaugh St, Lamont, CA 93241.
    • 100% occupied by County of Kern under a lease expiring February 28, 2028 (approx. 3.3 years remaining).
    • Asking price: $1,400,000 ($142.83/SF).
    • Strong NOI of $83,526, yielding a 6.00% cap rate.
    • Built in 1994, single‑story, ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kern County Human ... County Government Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lamont
    County
    Kern
    State
    California
    Longitude
    -118.91550085979
    Latitude
    35.262889856909

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    FAQs

    What type of property is this?
    Office Property / Space - Kern County Office, 9,802 SF, 6% Cap Rate
    Where is this office property / space located?
    The property is located at 10215 Stobaugh St Lamont, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Single-tenant office building, 9,802 square feet, located at 10215 Stobaugh St, Lamont, CA 93241.; 100% occupied by County of Kern under a lease expiring February 28, 2028 (approx. 3.3 years remaining).; Asking price: $1,400,000 ($142.83/SF).
    Request Owner's contact information
    10215 Stobaugh St Lamont, CA 93241
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    Lamont, CA 93241
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    Realmo Value Estimation

    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.

    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.

    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
    10215 Stobaugh St Lamont, CA 93241
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