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    1727 16Th St Bakersfield, CA 93301

    Sponsored
    For Sale
    $695,000

    Renovated Multi-Tenant Office, Great Location

    Property size:
    3,013 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This newly renovated, single-story office building in Bakersfield, CA, offers 3,013 square feet across five individual suites, each approximately 580 square feet. Located at 1727 16th Street, at the southeast corner of 16th and G Streets, this property benefits from a prime downtown location near Dignity Health Mercy Hospital and surrounded by various amenities including offices, medical facilities, retail, and restaurants. The building, constructed in 1973 and completely renovated in 2024, features exterior suite entrances from the parking lot, providing convenient access for tenants and visitors. Currently, two suites are leased on a month-to-month basis, and one lease expires February 28, 2026, leaving three vacant suites. This presents an excellent owner-user opportunity, allowing for partial occupancy while generating rental income from the other tenants. Each suite has separate electric and gas meters, and the building boasts 11 on-site parking spaces, supplemented by ample street parking. The total monthly gross rent is $1,430. Common restrooms are available for all tenants. The property sits on a 0.2-acre lot and is zoned C-C. The asking price for this exceptional investment opportunity is $695,000.

    Property Features for 1727 16Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,013 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1973/2024
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • Newly renovated, 3,013 SF single‑story office building with five (5) suites, approximately 580 SF each.
    • Exterior suite entrances from the parking lot.
    • Two suites are leased month‑to‑month, one lease expires 2/28/26; three suites are vacant.
    • Each suite has separate electric and gas meters.
    • $1,430 total monthly gross rent; 11 on‑site parking spaces plus ample street parking; common restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.02241620224
    Latitude
    35.372252207267

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    FAQs

    What type of property is this?
    Office Property / Space - Renovated Multi-Tenant Office, Great Location
    Where is this office property / space located?
    The property is located at 1727 16Th St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Newly renovated, 3,013 SF single-story office building with five (5) suites, approximately 580 SF each.; Exterior suite entrances from the parking lot.; Two suites are leased month-to-month, one lease expires 2/28/26; three suites are vacant.
    (661) 631-3818
    Request Owner's contact information
    1727 16Th St Bakersfield, CA 93301
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    Bakersfield, CA 93301
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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
    1727 16Th St Bakersfield, CA 93301
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