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    Dr Bakersfield, CA 93309

    Sponsored
    For Lease
    Contact for pricing

    Prime Bakersfield location, new construction, ample parking.

    Lot size:
    8,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional retail property in Bakersfield, California, offers a single-tenant space ranging from approximately 6,000 to 10,000 square feet. Located on Mervyn's Drive, near the intersection with California Avenue, this new construction building boasts convenient access to the US 99 Freeway Interchange (within approximately 0.5 miles). The property benefits from a high-traffic location, with an estimated 55,000 Annual Average Daily Traffic (AADT) as of 2015, according to ESRI data. Its strategic placement at a signalized intersection ensures excellent visibility. Additional features include ample parking, patio seating, and endcap locations. The property is situated adjacent to a Hobby Lobby, providing strong synergy and increased foot traffic. Street monument signage is also available, enhancing visibility and brand recognition. This is an ideal opportunity for a business seeking a high-visibility location in a thriving Bakersfield market. The building is a single-tenant strip center in Kern County, with a zip code of 93309.

    Property Features for 0 Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,100 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Building
    Size
    8,100 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0496665
    Latitude
    35.36897

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Bakersfield location, new construction, ample parking.
    Where is this neighborhood center located?
    The property is located at Dr Bakersfield, CA.
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    Dr Bakersfield, CA 93309
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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
    Dr Bakersfield, CA 93309
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