Owner-User Office
For Sale
Contact for pricing
Pending
901 TOWER WAY BAKERSFIELD CA 93309-1585, Bakersfield, CA 93309
Owner-user office building totaling 28,411 SF on 1.85 acres in the southwest submarket.
Property Size26,602 SF
Lot Size1.85 Acres
Days on Market122
Property Features for 901 TOWER WAY BAKERSFIELD CA 93309-1585
General Information
Standard status
Pending
Size
26,602 SF
Class
A
Total Parking Spaces
119
Lot size
1.85 Acres
Property subtype
Office
Zoning
C-O, Commercial Office
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Stories
3
Listing Agency:
ASU Commercial
Listed By:
Martin Starr · License #CA 01179469
(661) 616-3567
Source:
Crexi
Added: Jun 29
Changed: Oct 25
Last Checked: Oct 28 at 5:15AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$351,944
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,038,880
$7.0M
Cap Rate 7%
$5,027,771
$5.0M
Cap Rate 9%
$3,910,489
$3.9M
Market Conditions
NOI Build-Up for 26,602 SF
Gross rent
$558.6K $21.00/SF
− Vacancy
−$89.4K −$3.36/SF
EGI
$469.3K $17.64/SF
− OpEx
−$117.3K −$4.41/SF
NOI
$351.9K $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%
$7,038,880
Cap Rate 7%
$5,027,771
Cap Rate 9%
$3,910,489
Alternative Uses
Best Use
Office B
$5.03M
$4.40M – $5.87M
NOI $351,944 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.06M
$6.18M – $8.24M
NOI $494,159 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
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 - 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 93309-1585 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
