Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    900 Old River Rd Bakersfield, CA 93311

    Sponsored
    For Lease
    Contact for pricing

    Premium Bakersfield Office Space, 25,000+ SF Available

    Lot size:
    557,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class A office building, located at 900 Old River Rd, Bakersfield, CA 93311, presents a unique opportunity. Boasting 557,687 square feet across four stories, this 1995-constructed property sits on 32.98 acres and offers a minimum divisible space of 25,000 square feet, with up to 557,687 contiguous square feet available. The entire 557,687 square feet is currently vacant. The building features ample parking with 1568 spaces and elevators for convenient access. Its prime location in Bakersfield's most desirable submarket, near Old River Road, is complemented by its meticulous upkeep, managed by an on-site team including three building engineers and a property manager. The property is zoned for Office Commercial use and has the APN numbers 390-30-26, 390-30-27 & 390-30-31. This is an unparalleled opportunity to secure a substantial, well-maintained office space in a highly sought-after Bakersfield location. The building's size and flexibility make it ideal for a variety of businesses seeking a prestigious and functional workspace. This is a truly remarkable offering in the Bakersfield commercial real estate market.

    Property Features for 900 Old River Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    557,687 SF
    Class
    A

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    4th Floor
    Size
    124,652 SF
    Space
    3rd Floor
    Size
    121,979 SF
    Space
    2nd Floor
    Size
    122,450 SF
    Space
    Basement
    Size
    82,998 SF
    Space
    Ground Floor
    Size
    105,605 SF

    HighLights

    • Excellent building condition, well‑maintained.
    • Prime Bakersfield location with strong market fundamentals.
    • Highly desirable location convenient for commuters.
    Property Profile Location Intelligence

    Current Use by Public Records

    California Resources Corporation District Office California Resources Corporation ... Oil & Natural Gas Company ATC Managers, LLC Loan Agency State Farm Carlos ... Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -119.1112692
    Latitude
    35.3468332

    Nearby Similar for Lease

    • $5,536 /Mo
      43,560 SF

      Bakersfield Office Building For Lease

      Single-story office building in North Bakersfield with flexible lease terms.
      4000 Rio Del Norte St, Bakersfield, CA 93308
      View Details
    • $3,000 /Mo

      Medical Office Suites For Lease

      Two renovated medical office suites available for lease.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $15,956 /Mo
      44,431 SF

      Bakersfield Industrial Space For Rent

      12,757 SF industrial space in a vibrant industrial zone.
      6379 Seven Seas Ave, Bakersfield, CA 93308
      View Details
    • $3,000 /Mo
      2,123 SF

      Medical Office Suites For Lease

      Renovated medical office suites available for lease near Memorial Hospital.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $4,000 /Mo
      4,970 SF

      Bakersfield Commercial Property For Rent

      Adaptable commercial space in a convenient, well-traveled Bakersfield location.
      3793 Auburn St, Bakersfield, CA 93306
      View Details
    • $850 /Mo
      5,280 SF

      Bakersfield Office Space For Rent

      Centrally located office space with utilities included and security.
      400 Truxtun Ave, Bakersfield, CA 93301
      View Details
    • $4,800 /Mo
      2,350 SF

      Industrial Property with Large Yard

      Office, warehouse, and yard space for lease in Bakersfield.
      18400 Highway 65, Bakersfield, CA 93308
      View Details
    • $1.60 SF/Yr
      3,793 SF

      Class A Office Space Available

      Multiple office suites available for lease in Bakersfield, California.
      5001 E Commercenter Dr, Bakersfield, CA
      View Details
    • $10,339,020
      29,005 SF

      Bakersfield Office/Flex Space Available

      Office/flex vacancy available for lease or owner/user occupancy.
      3801 Pegasus Dr, Bakersfield, CA 93308
      View Details
    • $4,800 /Mo
      3,344 SF

      Downtown Bakersfield Medical Office Space

      3,344 SF medical office space for lease in Bakersfield.
      2535 16Th St, Bakersfield, CA 93301
      View Details
    • $1.75 SF/Yr
      954 SF

      Class A Office Space Available

      Class A office building in Bakersfield's largest office submarket.
      5201 California Ave, Bakersfield, CA 93309
      View Details
    • $15 SF/Yr
      5,733 SF

      Bakersfield Medical Office Building

      5,733 SF Medical Office for Sublease
      3807 Union Ave, Bakersfield, CA 93305
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Premium Bakersfield Office Space, 25,000+ SF Available
    Where is this office property / space located?
    The property is located at 900 Old River Rd Bakersfield, CA.
    What are key features of this property?
    This property features: Excellent building condition, well-maintained.; Prime Bakersfield location with strong market fundamentals.; Highly desirable location convenient for commuters.
    Request Owner's contact information
    900 Old River Rd Bakersfield, CA 93311
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 Old River Rd
    Bakersfield, CA 93311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    900 Old River Rd Bakersfield, CA 93311
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.