Vacant Office Building For
For Sale
Contact for pricing
Pending
901 Tower Way, Bakersfield, CA 93309
Three-story vacant office building in the Southwest Office Market.
Property Size28,411 SF
Days on Market203
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Property Features for 901 Tower Way
General Information
Standard status
Pending
Size
28,411 SF
Property subtype
Office
Zoning
C-O, Commercial Office
Investment Type
Owner/User
Building Details
Year Built
1984
Stories
3
Listing Agency:
ASU Commercial
Listed By:
Martin Starr · License #CA 01179469
(661) 616-3567
Source:
Crexi
Added: Mar 27
Changed: Oct 14
Last Checked: Oct 14 at 10:56PM
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.
Located in the Southwest Office Market of Bakersfield, 901 Tower Way is a three-story office building. The property is fully vacant, making it suitable for an owner/user of office space. The building is situated near over 3.2 million square feet of professional office space off of the California Avenue corridor. Its location provides access to all areas of Greater Bakersfield via the Truxtun Avenue Extension, the Westside Parkway, and Highway 99. The property contains 28,411 square feet. The seller is replacing two 50-ton HVAC units and installing a new boiler pump prior to sale.
Key Highlights
- Ideal for owner/user due to fully vacant status.
- Located in the heart of Bakersfield’s largest office submarket.
- Excellent access to all areas of Greater Bakersfield via Truxtun Avenue Extension, Westside Parkway, and Highway 99.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$375,878
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,517,560
$7.5M
Cap Rate 7%
$5,369,686
$5.4M
Cap Rate 9%
$4,176,422
$4.2M
Market Conditions
NOI Build-Up for 28,411 SF
Gross rent
$596.6K $21.00/SF
− Vacancy
−$95.5K −$3.36/SF
EGI
$501.2K $17.64/SF
− OpEx
−$125.3K −$4.41/SF
NOI
$375.9K $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%
$7,517,560
Cap Rate 7%
$5,369,686
Cap Rate 9%
$4,176,422
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.26M
NOI $375,878 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $527,763 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three-story vacant office building in the Southwest Office Market.
Where is this office building located?
The property is located at 901 Tower Way Bakersfield, CA.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: Ideal for owner/user due to fully vacant status.; Located in the heart of Bakersfield’s largest office submarket.; Excellent access to all areas of Greater Bakersfield via Truxtun Avenue Extension, Westside Parkway, and Highway 99.
