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    2105 24Th St Bakersfield, CA 93301

    For Sale
    $1,395,000

    7,783 SF Multi-Tenant Office, 95% Occupied

    Property size:
    7,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 7,783 square foot, Class C office building in Bakersfield, CA, is situated on a high-traffic street and presents a compelling opportunity for both owner-users and investors. Priced significantly below replacement cost, the property offers a blend of immediate income and long-term potential. Currently 95% occupied, the building features a mix of tenancy, with the primary tenant's lease expiring October 31, 2024, allowing for renegotiation or owner-user occupancy. The substantial 4,461 square feet (57%) occupied by this tenant provides an ideal opportunity for an owner-user to secure an SBA loan. The remaining 3,322 square feet (42%) is leased to long-term tenants under flexible lease agreements, ensuring a stable income stream. The single-story building is zoned for commercial use (CO) and operates under a gross lease structure. This multi-tenant property offers a unique blend of immediate cash flow and future development potential in a prime Bakersfield location. The property is listed at $1,395,000.

    Property Features for 2105 24Th St

    General Information

    Property type
    Office space
    Square Feet
    7,783 SF
    Class
    C

    Building Details

    Stories
    1

    HighLights

    • Below replacement cost, high‑traffic Bakersfield location.
    • Ideal for owner‑occupancy or value‑add investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ability Answering Service Telephone Answering Service We the People Divorce Service Center For Personal Growth Social Services Organization Allied Home Care Home Health Care Service

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.02587210836
    Latitude
    35.381013707319

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    FAQs

    What type of property is this?
    Office space - 7,783 SF Multi-Tenant Office, 95% Occupied
    Where is this office space located?
    The property is located at 2105 24Th St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Below replacement cost, high-traffic Bakersfield location.; Ideal for owner-occupancy or value-add investment.;
    Request Owner's contact information
    2105 24Th St Bakersfield, CA 93301
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    Bakersfield, CA 93301
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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
    2105 24Th St Bakersfield, CA 93301
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