Leased Medical Offices Investment
For Sale
Contact for pricing
3737 San Dimas St, Bakersfield, CA 93301
Fully leased medical offices near Memorial Hospital, great investment opportunity.
Property Size11,749 SF
Price / SF$272.36
Days on Market1200
Property Features for 3737 San Dimas St
General Information
Standard status
Active
Size
11,749 SF
Class
B
Property subtype
Office
Zoning
CO
Occupancy
100%
Investment Type
Core+
Building Details
Year Built
1972
Year Renovated
2015
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Preferred, Realtors
Listed By:
Vikram Reddy · License #01845883
(661) 836-6260
Source:
Crexi
Added: Jul 5, 2023
Changed: Sep 14
Last Checked: Oct 16 at 8:08AM
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 Coldwell Banker Preferred, Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with two fully leased medical office buildings located across from Memorial Hospital. Building 101 features 5,927 square feet of space, including 8 exam rooms, 4 doctor offices, a billing office, an administrator office, a procedure room, a large waiting room, and ADA-compliant restrooms. Building 102 offers 5,822 square feet, with exam rooms, doctor offices, a billing office, an administrator office, a procedure room, restrooms, and a large waiting area. The property is zoned CO and provides ample parking. Its location offers proximity to various medical facilities and conveniences, with convenient access to major highways.
Key Highlights
- Fully leased medical offices providing immediate investment income.
- Prime location directly across from Memorial Hospital.
- Two buildings totaling 11,749 sq ft of medical office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,497
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,940
$3.1M
Cap Rate 7%
$2,235,671
$2.2M
Cap Rate 9%
$1,738,856
$1.7M
Market Conditions
NOI Build-Up for 11,749 SF
Gross rent
$282.0K $24.00/SF
− Vacancy
−$21.1K −$1.80/SF
EGI
$260.8K $22.20/SF
− OpEx
−$104.3K −$8.88/SF
NOI
$156.5K $13.32/SF
Area
Bakersfield, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,129,940
Cap Rate 7%
$2,235,671
Cap Rate 9%
$1,738,856
Alternative Uses
Best Use
Healthcare Medical
$2.24M
$1.96M – $2.61M
NOI $156,497 @ 7.0% cap · market cap 4.89%
Second Best
Office B
$2.22M
$1.94M – $2.59M
NOI $155,439 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,249 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Bakersfield Vet Center — 1110 Golden State Ave, Bakersfield, CA 93301
- Rakow Rose M DVM — 17 Monterey St, Bakersfield, CA 93305
- Stiern Veterinary Hospital — 17 Monterey St, Bakersfield, CA 93305
- Seeley Caitlin DVM — 17 Monterey St, Bakersfield, CA 93305
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical offices near Memorial Hospital, great investment opportunity.
Where is this medical office space located?
The property is located at 3737 San Dimas St Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Fully leased medical offices providing immediate investment income.; Prime location directly across from Memorial Hospital.; Two buildings totaling 11,749 sq ft of medical office space.
