Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modernized Office Building For Lease Title is generated by Realmo AI

    5329 Office Centre Ct, Bakersfield, CA 93309

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two-story office building in Bakersfield's business district.

    Type:Office
    Property size:
    30,310 SF
    Added:
    May 8, 2020
    Days on Market:
    2215
    Last Refresh:
    May 12 at 8:44 pm

    Property Features for 5329 Office Centre Ct

    General Information

    Standard status
    Active
    Size
    30,310 SF
    Property subtype
    Office

    Spaces For Lease

    at 5329 Office Centre Ct Contact us

    Suite 223 $1.85/Mo

    Size
    1,475 SF
    Type
    Office
    Contact us

    Suite 233 $2/Mo

    Size
    537 SF
    Type
    Office
    Contact us

    Suite 229 $2/Mo

    Size
    295 SF
    Type
    Office
    Contact us

    Suite 228 $2/Mo

    Size
    209 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    David Williams
    David Williams

    Listing agent David Williams License #CA 00855489

    Listing office Colliers - Bakersfield, California

    Listing date May 8, 2020

    Source Crexi

    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 Colliers - Bakersfield, California

    HighLights

    • Major building renovation and modernization completed.
    • Located one block off California Avenue in Southwest Bakersfield's main business district.
    • Affordable pricing, including all utilities.
    • 30,310 square foot two‑story office building.
    • Updated signage and common area restroom upgrades.
    • Private and secure atmosphere.

    Overview

    Located one block from California Avenue in Southwest Bakersfield, 5329 Office Center Court is a two-story office building comprising 30,310 square feet. The building has undergone a major renovation and modernization. Updates include new painted exteriors, significant roof upgrades, updated signage, and common area restroom upgrades. The building is suitable for tenants seeking a private and secure atmosphere in a professional office building with interior lobbies and common area restrooms. All utilities are included.
    Location Intelligence

    Current Use by Public Records

    Modesta Garcia, Finance ... Loan Service Dr. Choon S. ... Dental Office Choon Sung Park, ... Dental Office Better Way Services Crisis Center Globe Life American ... Insurance Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0623818
    Latitude
    35.3600951

    Nearby Similar for Lease

    • $5,536/Mo

      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
    • $800/Mo

      Office Space in Sports Facility

      Office and barber shop spaces available inside a gymnasium.
      3500 21ST Street, Bakersfield, CA 93301
      View Details
    • $16,000/Mo
      5,000 SF

      Bakersfield Heavy Industrial Property Lease

      Heavy industrial property on nearly 5 acres for lease.
      7700 Downing Avenue, Bakersfield, CA 93308
      View Details
    • Sponsored
      $119-$6,307/Mo
      11-1,292 SF

      4900 California Avenue

      4900 California Ave Tower B, Unit 2ND, Bakersfield, CA 93309
      View Details
    • $129-$6,776/Mo
      11-1,292 SF

      CA, Bakersfield - Truxtun Ave.

      5701 Truxtun Ave, Unit 2ND, Bakersfield, CA 93309
      View Details
    • $129-$5,216/Mo
      11-1,292 SF

      CA, Bakersfield - 19th St

      1030 19Th St, Unit 1ST, Bakersfield, CA 93301
      View Details
    • $15,956/Mo
      12,757 SF

      Bakersfield Industrial Space For Rent

      12,757 SF industrial space in a vibrant industrial zone.
      6379 7 seas, Bakersfield, CA 93308
      View Details
    • $1,920/Mo
      1,920 SF

      Retail Space on New Stine

      Retail space available on the corner of New Stine.
      2500 New Stine Rd, Bakersfield, CA 93309
      View Details
    • $1.75 SF/Yr
      1,523 SF

      Garden Office Suite For Rent

      Ground floor office suite with abundant parking and private restroom.
      1800 Westwind Dr, Bakersfield, CA 93301
      View Details
    • Contact for pricing
      3,275 SF

      Freestanding Restaurant Building with Drive-Thru

      3,275 SF restaurant building with drive-thru on 0.73 acres.
      2617 Haley St, Bakersfield, CA 93305
      View Details
    • $550/Mo
      450 SF

      Bakersfield Office Space For Rent

      Office space for rent including utilities and on-site parking.
      1400 Chester Ave, Bakersfield, CA
      View Details
    • $1.25 SF/Yr
      30,312 SF

      Retail Anchor Space Available

      Retail space available in Bakersfield with high traffic counts.
      4751 White Ln, Bakersfield, CA
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building in Bakersfield's business district.
    Where is this office building located?
    The property is located at 5329 Office Centre Ct Bakersfield, CA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Major building renovation and modernization completed.; Located one block off California Avenue in Southwest Bakersfield's main business district.; Affordable pricing, including all utilities.
    (661) 631-3822 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Williams
    David Williams
    Real Estate License ID: CA 00855489
    Learn More
    Request Owner's contact information
    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.
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5329 Office Centre Ct, Bakersfield, CA 93309
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!