Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5101 Office Park Dr Bakersfield, CA 93309

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5101 Office Park Dr Bakersfield, CA 93309

    View on Map
    • Office properties & Spaces
    • 39,726 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rain for Rent Corporate Headquarters / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Western Oilfield / Oilfield
    • Bakersfield Mobile Mechanic / Auto Repair Shop / Vehicle Inspection Center
    • Trusted Tarot Bakersfield / Physician

    Property Details for 5101 Office Park Dr

    Year built
    1988
    Property size
    39,726 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional Class A office building, located at 5101 Office Park Drive in Bakersfield, California, presents a unique leasing opportunity. The property, situated on a 2.05-acre lot, boasts a total of 39,726 square feet across three stories, with 13,100 square feet currently available for lease on the second floor. This contiguous space offers immediate occupancy and features a blend of private and open office areas, perfect for a variety of business needs. The building includes elevators and a secure environment, ensuring a professional and comfortable workspace. Ample parking is available for tenants and employees. The convenient location offers easy access from Truxtun Avenue and Westside Parkway, placing your business in the heart of the Southwest Bakersfield office submarket. The property is zoned C-2 and features a 1988 construction date. The minimum divisible space is 3,000 square feet, allowing for flexibility to accommodate businesses of varying sizes. Tenant improvements are negotiable, contingent upon lease terms and creditworthiness. This prime location, combined with the substantial available space and modern amenities, makes this an ideal opportunity for businesses seeking a high-quality office environment in Bakersfield. The Kern County property (APN 331-330-15) offers a strategic advantage for businesses seeking a presence in this thriving market. The building's multiple suites allow for flexibility in space requirements.

    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
    -119.058
    Latitude
    35.3668

    Comparable in this City

    • Value Estimation by Request
      50,000 SF

      4540 California Ave

      Office properties & Spaces • 50,000 SF
      4540 California Ave, Bakersfield, CA 93309
      View Details
    • Value Estimation by Request

      5251 Office Park Dr

      Office properties & Spaces
      5251 Office Park Dr, Bakersfield, CA 93309
      View Details
    • Value Estimation by Request
      27,223 SF

      5001 Commercenter Dr

      Office Units • 27,223 SF
      5001 Commercenter Dr, Bakersfield, CA 93309
      View Details
    • Value Estimation by Request
      30,310 SF

      5329 Office Center Ct

      Office Units • 30,310 SF
      5329 Office Center Ct, Bakersfield, CA 93309
      View Details
    • Value Estimation by Request
      2.14 Acres

      1001 Stine Rd

      Medical Office Space • 15,984 SF
      1001 Stine Rd, Bakersfield, CA 93309
      View Details
    • Value Estimation by Request

      6705 White Ln

      Retail properties & Spaces
      6705 White Ln, Bakersfield, CA 93309
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Stockdale Highway Office Building

      Single-occupant office building with parking on Stockdale Highway.
      3861 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      23,285 SF

      Multi-Tenant Office/Flex/Warehouse Building

      23,285 SF multi-tenant building in Stockdale Industrial Park.
      7001 White Ln, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Medical & Surgery Center Portfolio

      Medical and surgical center portfolio for sale in Bakersfield, CA.
      5000 Commerce Dr, Bakersfield, CA 93309
      View Details
    • $4,225,000
      28,411 SF

      Vacant Office Building For Sale

      Three-story vacant office building in the Southwest Office Market.
      901 Tower Way, Bakersfield, CA 93309
      View Details
    • $8,000,000
      30,388 SF

      Bakersfield Retail Center - Prime Location

      Vacant 30,388 SF Shopping Center
      5000 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • $44,950

      Mobile Home in Stockdale Villas

      Two-bedroom, one-bath mobile home with amenities and investment potential.
      3535 Stine Rd, Bakersfield, CA 93309
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Rent

      Commercial space available for rent at 1405 Commercial Way.
      1405 Commercial Way, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      White Lane Commercial Space Available

      Located on White Lane, suitable for retail or industrial use.
      6801 White Ln, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Office Space on Stockdale Highway

      Office space for rent in a prime Bakersfield location.
      4700 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Office Space on California Avenue

      Office space available near Real Road and California Avenue.
      3631 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Bakersfield Office Space For Lease

      Office space available in Southwest Bakersfield with flexible division options.
      5101 Office Park Dr, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for various needs.
      5701 Truxtun Ave, Bakersfield, CA 93309
      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.
    5101 Office Park Dr
    Bakersfield, CA 93309
    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

    Thank You for Inquiry

    5101 Office Park Dr, Bakersfield, CA, 93309

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!