Owner-User Office
For Sale
Contact for pricing
901 Tower Way, Bakersfield, CA 93309
Owner-user office building totaling 28,411 SF on 1.85 acres in the southwest submarket.
Property Size28,411 SF
Lot Size1.85 Acres
Price / SF$148.71
Days on Market166
Property Features for 901 Tower Way
General Information
Standard status
Active
Size
28,411 SF
Lot size
1.85 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
ASU Commercial
(661) 616-3570
Listed By:
Matthew E. Starr, SIOR, CCIM · License #01179469
Source:
Moodyscre
Added: Feb 16
Changed: Jul 25
Last Checked: Jul 25 at 10:25AM
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 owner-user office building for sale offers a total of 28,411 square feet on 1.85 acres. The property is described as being parked above current City code for office uses, which may be relevant to tenant planning and site operations.
Located in the southwest submarket with easy access to Hwys 58 and 99, the building is positioned for straightforward regional connectivity.
The offering is structured for an owner-user, with office use information and site size provided in the available materials.
Located in the southwest submarket with easy access to Hwys 58 and 99, the building is positioned for straightforward regional connectivity.
The offering is structured for an owner-user, with office use information and site size provided in the available materials.
Key Highlights
- Owner/user office building for sale totaling 28,411 SF
- Sits on 1.85 acres
- Located in the southwest submarket with easy access to Hwys 58 and 99
Financial Insights For Office B
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 | $596.6k | $21.00 |
| − Vacancy | −$95.5k | −$3.36 |
| EGI | $501.2k | $17.64 |
| − OpEx | −$125.3k | −$4.41 |
| NOI | $375.9k | $13.23 |
28,411 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Owner-user office building totaling 28,411 SF on 1.85 acres in the southwest submarket.
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: Owner/user office building for sale totaling 28,411 SF; Sits on 1.85 acres; Located in the southwest submarket with easy access to Hwys 58 and 99
