Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8224 Espresso Dr Bakersfield, CA 93312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern freestanding office, 1,599-4,818 sq ft

    Lot size:
    4,818 SF

    Property Features for 8224 Espresso Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,818 SF
    Total Rate
    8672.4

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 8224 Espresso Dr, Bakersfield, CA 93312 Contact us
    Unit Suite 200

    $21 /Mo

    Size
    3,219 SF
    Contact us
    Unit Suite 100

    $21 /Mo

    Size
    1,599 SF
    Contact us

    We can help!

    Listing Contact
    Giana Olivieri
    Giana Olivieri

    Listing Agency: Olivieri Commercial Group Listing Agent: Giana Olivieri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional freestanding office building, located at 8224 Espresso Drive in Northwest Bakersfield, CA 93312, offers 4,818 square feet of versatile space. The property features a contemporary design and highly functional interior, situated on a substantial 24,829 square foot lot. The building is zoned C-2 and consists of a single story with multiple suites available. Individual suites range from a minimum of 1,599 square feet up to the entire 4,818 square feet, with the possibility of combining Suites 100 and 200 for maximum space. The building boasts convenient parking (8.5 spaces per 1,000 square feet) and excellent visibility, with rear building signage visible from Coffee Road and pylon signage availability on Coffee Road (additional cost). This fully developed area offers a central location within Northwest Bakersfield, making it an ideal location for a variety of businesses. The property's APN is 451-470-26-00-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IFG Research Institute

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.09393358231
    Latitude
    35.38844358215

    Nearby Similar for Lease

    • New
      $800 /Mo

      Office Space in Sports Facility

      Office and barber shop spaces available inside a gymnasium.
      3500 21St St, Bakersfield, CA 93301
      View Details
    • $3,000 /Mo

      Medical Office Suites For Lease

      Two renovated medical office suites available for lease.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $3,000 /Mo
      2,123 SF

      Medical Office Suites For Lease

      Renovated medical office suites available for lease near Memorial Hospital.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • Contact for pricing

      4900 California Avenue

      Flexible workspace in San Jose Airport
      4900 California Ave Tower B, Bakersfield, CA 93309
      View Details
    • Sponsored
      Contact for pricing

      CA, Bakersfield - Truxtun Ave.

      Discover many ways to work your way in Democracy Plaza
      5701 Truxtun Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      CA, Bakersfield - 19th St

      Discover many ways to work your way in San Antonio Airport
      1030 19Th St, Bakersfield, CA 93301
      View Details
    • $5,536 /Mo
      43,560 SF

      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
    • $15,956 /Mo
      44,431 SF

      Bakersfield Industrial Space For Rent

      12,757 SF industrial space in a vibrant industrial zone.
      6379 Seven Seas Ave, Bakersfield, CA 93308
      View Details
    • $0.49 SF/Yr
      142,400 SF

      Industrial Warehouse Space for Lease

      142,400 SF industrial warehouse space with dock high loading.
      6001 Snow Rd, Bakersfield, CA 93308
      View Details
    • $4,800 /Mo
      2,350 SF

      Industrial Property with Large Yard

      Office, warehouse, and yard space for lease in Bakersfield.
      18400 Highway 65, Bakersfield, CA 93308
      View Details
    • $2,800 /Mo
      1,347 SF

      Downtown Bakersfield Office Live/Work Space

      Office live/work space for lease in the Downtown Business District.
      1440 Chester Ave, Bakersfield, CA 93304
      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 93304
      View Details

    FAQs

    What type of property is this?
    Office property - Modern freestanding office, 1,599-4,818 sq ft
    Where is this office property located?
    The property is located at 8224 Espresso Dr Bakersfield, CA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 4,818 SF freestanding office building in Northwest Bakersfield, CA.; Located on a 24,829 SF lot at 8224 Espresso Drive.; C-2 zoning, single-story building with multiple suites.
    (661) 616-4453 Call to check price and availability
    Request Owner's contact information
    8224 Espresso Dr Bakersfield, CA 93312
    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.
    8224 Espresso Dr
    Bakersfield, CA 93312
    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
    8224 Espresso Dr Bakersfield, CA 93312
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Giana Olivieri
    Giana Olivieri
    Real Estate License ID: 01973774
    (661) 616-4453 (661) 706-6583 (661) 327-1200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!