Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    119 Hwy Bakersfield, CA 93311

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 119 Hwy

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 20-acre agricultural property in Bakersfield, California, presents a compelling investment opportunity. Located at 119 HWY, Bakersfield, CA 93311 (APN 18401264), this 873,378 square foot parcel is currently zoned for agricultural use ("ag"), but possesses significant potential for rezoning to M2. This conversion would unlock substantial value, making the land ideal for industrial development, particularly the construction of multiple flex-space warehouses. The property's strategic location within a rapidly expanding industrial community ensures high demand and future growth potential. Its size allows for flexible land use, enabling division to maximize utility and profitability. The seller will carry the financing, making this a highly attractive proposition for investors seeking a high return on investment in a thriving industrial area. This prime location offers a unique chance to capitalize on the burgeoning industrial sector in Bakersfield. The property's versatility and potential for significant value appreciation make it a truly exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.211
    Latitude
    35.2671

    Comparable in this City

    • Value Estimation by Request
      3.21 Acres

      1410 Old River Rd

      Farms • 3.21 Acres
      1410 Old River Rd, Bakersfield, CA 93311
      View Details
    • Value Estimation by Request
      73.00 Acres

      24065 Millux Rd

      Farms • 73.00 Acres
      24065 Millux Rd, Bakersfield, CA 93311
      View Details
    • Value Estimation by Request
      505.10 Acres

      505.10 +/- Acres Of Open Farmland

      Farms • 505.10 Acres
      0 505.10 +/- Acres Of Open Farmland, Millux, CA 93311
      View Details
    • Value Estimation by Request
      1.00 Acre

      Buena Vis Rd @ Bolthouse Dr

      Retail properties • 10,000 SF
      0 Buena Vis Rd @ Bolthouse Dr, Bakersfield, CA 93311
      View Details
    • Value Estimation by Request
      54.35 Acres

      I-5

      Land • 54.35 Acres
      0 I-5, Bakersfield, CA 93311
      View Details
    • Value Estimation by Request
      9.99 Acres

      Enos Ln

      Land • 9.99 Acres
      0 Enos Ln, Bakersfield, CA 93311
      View Details

    Similar Nearby for Sale

    • $15,153,000
      505.10 Acres

      Prime Kern County Farmland

      505 Acres, Irrigated, Excellent Water Rights
      0 505.10 +/- Acres Of Open Farmland, Millux, CA 93311
      View Details
    • $4,824,706
      1.45 Acres

      Crossroads Business Park Land

      Bakersfield, CA commercial land parcels
      5925 Young St, Bakersfield, CA 93311
      View Details
    • $1,046,311
      9.99 Acres

      Bakersfield Commercial Land

      9-14 Acres, NR Zoning, I-5 Access
      0 Enos Ln, Bakersfield, CA 93311
      View Details
    • $846,412
      1.39 Acres

      Gosford Business Park Land - Bakersfield

      1.39-Acre Commercial Lot, Ready to Build
      5202 Young St, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      1.00 Acre

      Seven Oaks Business Park: Bakersfield, CA

      Prime Bakersfield commercial land, build-to-suit options.
      0 Buena Vis Rd @ Bolthouse Dr, Bakersfield, CA 93311
      View Details
    • $499,000
      20.05 Acres

      20 Acres Agricultural Land, Shop

      20 acres of AG zoned land with existing infrastructure.
      13114 Olen Ave, Bakersfield, CA 93311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,600 SF

      Seven Oaks Medical Office Space

      Modern Bakersfield medical office, 4,000-8,600 SF
      4616 Benchmark Ct, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      557,687 SF

      Class A Bakersfield Office Building

      Premium Bakersfield Office Space, 25,000+ SF Available
      900 Old River Rd, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      2,363 SF

      Office Space with Direct Access

      Ground floor office suite with convenient parking and signage.
      1500 Haggin Oaks Blvd, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      40,000 SF

      Medical Office Space, Bakersfield CA

      Prime Southwest Bakersfield medical office suites available.
      300 Old River Rd, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      2,514 SF

      University Centre Office Space Available

      Office space available in the University Centre submarket.
      9100 Ming Ave, Bakersfield, CA 93311
      View Details
    • $33 SF/Yr
      9,611 SF

      Bakersfield Medical Office Space

      Prime Medical Office Suites Available Now
      11905 Bolthouse Dr, Bakersfield, CA 93311
      View Details
    Request Owner's contact information
    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.
    119 Hwy
    Bakersfield, CA 93311
    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
    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

    Google sign-in failed. Please try again or use another login method.