Modernized Medical Office
For Sale
Contact for pricing
901 34th St, Bakersfield, CA 93301
Modernized, fully remodeled medical office building fully leased to a regional operator with more than 10 California locations.
Property Size2,370 SF
Price / SF$221.52
Days on Market166
Property Features for 901 34th St
General Information
Standard status
Active
Size
2,370 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2023
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
Dylan J. Lym · License #01179469
Source:
Moodyscre
Added: Feb 16
Changed: Jul 27
Last Checked: Jul 31 at 9:18AM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This modernized medical office building is fully leased to a regional operator with more than 10 locations across California. Full interior and exterior remodel work was completed in 2023.
The property is a corner location at the intersection of 34th Street and Panama Street. It is located less than 0.25 miles west of Dignity-Memorial Hospital and offers access to routes throughout Kern County via nearby Highway 99 and Highway 178.
The property is a corner location at the intersection of 34th Street and Panama Street. It is located less than 0.25 miles west of Dignity-Memorial Hospital and offers access to routes throughout Kern County via nearby Highway 99 and Highway 178.
Key Highlights
- Fully leased modernized medical office building with a regional operator operating more than 10 locations across California
- Full interior and exterior remodel completed in 2023
- Located less than 0.25 miles west of Dignity‑Memorial Hospital (largest regional medical center in the southern San Joaquin valley with 385 acute care beds)
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.9k | $24.00 |
| − Vacancy | −$4.3k | −$1.80 |
| EGI | $52.6k | $22.20 |
| − OpEx | −$21.0k | −$8.88 |
| NOI | $31.6k | $13.32 |
2,370 SF · lease $24.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 6.01%
Second Best
Office B
$447.9K
$391.9K – $522.6K
NOI $31,355 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$628.9K
$550.3K – $733.8K
NOI $44,025 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Modernized, fully remodeled medical office building fully leased to a regional operator with more than 10 California locations.
Where is this medical office space located?
The property is located at 901 34th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully leased modernized medical office building with a regional operator operating more than 10 locations across California; Full interior and exterior remodel completed in 2023; Located less than 0.25 miles west of Dignity‑Memorial Hospital (largest regional medical center in the southern San Joaquin valley with 385 acute care beds)
