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    18700 Ca-65 Bakersfield, CA 93308

    Sponsored
    For Sale
    $30,000,000

    Bakersfield land, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two large parcels totaling 474.52 acres in rapidly developing North Bakersfield, California. Strategically located at the intersection of CA-65 (Porterville Highway) and James Road, this property offers unparalleled access and visibility. The land boasts approximately one mile of frontage on both sides of CA-65, providing significant development potential. A conditional approval is in place for a parcel division, creating nine separate parcels from the existing two (321.28 acres and 153.24 acres, APN 481-060-32 and 481-060-24 respectively). The property is zoned A - Agriculture, and is situated adjacent to significant recent development, including a large electric truck stop with solar array, and new industrial and residential projects. Its proximity to Meadows Field Airport and a new Amazon fulfillment center further enhances its value and potential. The asking price is $30,000,000, translating to approximately $63,222 per acre. This property presents a unique chance to capitalize on Bakersfield's northern expansion, controlling all four corners of a major intersection. The location offers exceptional exposure and accessibility, making it ideal for a variety of commercial, industrial, and residential developments. The Kern County location, with a Bakersfield zip code of 93308, provides easy access to major transportation routes and amenities.

    Property Features for 18700 Ca-65

    General Information

    Property type
    Land
    Lot Size
    6,664,680 SF

    HighLights

    • 474.52‑acre land assemblage at the four corners of James Road and CA‑65 (Porterville Highway) in North Bakersfield, CA.
    • Prime location within Bakersfield's rapidly expanding northern growth corridor.
    • Exceptional visibility and access with approximately one mile of frontage on both sides of CA‑65.
    • Surrounded by recent industrial and residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0758639
    Latitude
    35.47362925

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    FAQs

    What type of property is this?
    Land - Bakersfield land, prime development opportunity.
    Where is this land located?
    The property is located at 18700 Ca-65 Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $30,000,000.
    What are key features of this property?
    This property features: 474.52-acre land assemblage at the four corners of James Road and CA-65 (Porterville Highway) in North Bakersfield, CA.; Prime location within Bakersfield's rapidly expanding northern growth corridor.; Exceptional visibility and access with approximately one mile of frontage on both sides of CA-65.
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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
    18700 Ca-65 Bakersfield, CA 93308
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