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    3531 Brian Way Bakersfield, CA 93308

    For Sale
    $995,000

    7,139 SF Flex Space, High NOI

    Property size:
    7,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Bakersfield, CA industrial property, located at 3531-3533 Brian Way, presents a compelling investment opportunity. The 7,139 square foot flex space, encompassing three warehouse/office buildings and a separate residential home, sits on two parcels totaling approximately 19,166 square feet (0.44 acres). Currently 100% occupied under a modified net lease with a remaining term of 0.9 years (expiring September 30, 2025), the property generates a strong NOI of $85,465, yielding an 8.59% cap rate and a pro-forma cap rate of 9.01%. The asking price is $995,000, translating to $139.38 per square foot. Built in 1984 and renovated in 2018, the property features a 24-foot ceiling height, one dock-high door, and ample parking. Zoned M-3 (Heavy Industrial), it benefits from easy access to Highways 99 and 58. Recent upgrades include new 5-ton HVAC units, upgraded electrical, new flooring, interior walls, and renovations to the 1200 square foot, three-bedroom, one-bathroom residential home. The property is gated and equipped with camera surveillance. The flexible layout allows for easy reconfiguration of office and warehouse space. Five units are included, with a price per unit of $199,000. Lease options are available. The property is offered fee simple.

    Property Features for 3531 Brian Way

    General Information

    Property type
    Distribution properties
    Square Feet
    7,139 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1984/2018
    Buildings
    3
    Stories
    1
    Units
    5

    HighLights

    • Recent capital improvements.
    • M‑3 Heavy Industrial zoning.
    • Includes on‑site residential home.
    • Two parcels totaling approximately 19,166 square feet (0.44 acres).
    • High demand for flex space in prime location.
    • Excellent highway access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop 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
    -119.0467098
    Latitude
    35.3869581

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    FAQs

    What type of property is this?
    Distribution property - 7,139 SF Flex Space, High NOI
    Where is this distribution property located?
    The property is located at 3531 Brian Way Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Recent capital improvements.; M-3 Heavy Industrial zoning.; Includes on-site residential home.
    Request Owner's contact information
    3531 Brian Way Bakersfield, CA 93308
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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
    3531 Brian Way Bakersfield, CA 93308
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