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    1408 Commercial Way Bakersfield, CA 93309

    Sponsored
    For Sale
    $4,950,000

    Class A Medical Office, 11,550 SF

    Property size:
    11,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, located at 1408 Commercial Way in Bakersfield, California, presents a unique investment opportunity. The 11,550 square foot single-story building, constructed in 2009, sits on a 1.05-acre lot and boasts 40 parking spaces. Currently 50% occupied, the seller will lease back half of the building, a long-term surgical center tenant, providing immediate cash flow. The property features two fully operational surgical suites and offers move-in ready medical clinic space. Its prime Midtown location in Kern County, zoned M-1, is surrounded by other medical facilities, making it ideal for an owner-user or investor. The building's asking price is $4,950,000, translating to $428.57 per square foot. This property is part of a larger portfolio but can be purchased separately. The APN is 331-330-31-00-9. This is a rare opportunity to acquire a well-located, high-quality medical facility with significant upside potential. The state-of-the-art surgical center, combined with the existing tenant leaseback, offers a compelling investment proposition. Contact us for further details.

    Property Features for 1408 Commercial Way

    General Information

    Property type
    Medical offices
    Square Feet
    11,550 SF
    Class
    A

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1

    HighLights

    • 1.05‑acre lot in Bakersfield, CA.
    • M‑1 zoning.
    • 40 parking spaces.
    • Midtown Bakersfield location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bakersfield Digestive Disease: ... Gastrointestinal Surgeon Sandeep Kaur Nurse Practitioner Kenneth H Susman Podiatrist Ali Ghorbanifarajzadeh Podiatrist Wajdi Nassier Podiatrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0595823
    Latitude
    35.3671354

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office, 11,550 SF
    Where is this medical office located?
    The property is located at 1408 Commercial Way Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 1.05-acre lot in Bakersfield, CA.; M-1 zoning.; 40 parking spaces.
    Request Owner's contact information
    1408 Commercial Way Bakersfield, CA 93309
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    Bakersfield, CA 93309
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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
    1408 Commercial Way Bakersfield, CA 93309
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