Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Citation Way & Hawker Ct Bakersfield, CA 93308
    Back to Search
    Property profile & analytics

    Citation Way & Hawker Ct, Bakersfield, CA 93308

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Citation Way & Hawker Ct

    Year built
    2023
    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This premier Kern County, California industrial property, located at Citation Way & Hawker Court (Merle Haggard & Wings Way), offers 2 Class A buildings totaling 16,000 contiguous square feet, divisible to 8,000 square feet minimum. Built in 2023, the single-story structures boast 20'-24' ceiling heights and ample power (600-1000 AMPS). Suitable for manufacturing, flex, warehouse, distribution, or R&D uses, this M-2 PD H zoned property sits on 1.22 to 1.61 acres. The location provides easy access to the Bill Thomas Terminal at Meadows Field Airport, making it ideal for businesses requiring convenient air transportation. The property is part of a master-planned development designed to attract a diverse range of commercial enterprises. The development features timeless design elements and is governed by design guidelines and association documents to ensure a stable and attractive business environment. This is a rare opportunity to secure space in a newly constructed, high-quality industrial facility in a rapidly developing area of Bakersfield, CA, zip code 93308.

    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
    -119.046
    Latitude
    35.4391

    Comparable in this City

    • Value Estimation by Request
      1,000,000 SF

      Wings Way

      Individual retail properties
      0 Wings Way, Bakersfield, CA 93308
      View Details
    • Value Estimation by Request
      16,250 SF

      2925 Unicorn Rd

      Distribution properties
      2925 Unicorn Rd, Bakersfield, CA 93308
      View Details
    • Value Estimation by Request
      8,000 SF

      3559 Landco Dr

      Distribution properties
      3559 Landco Dr, Bakersfield, CA 93308
      View Details
    • Value Estimation by Request
      19,840 SF

      34947 Flyover Ct

      Distribution properties
      34947 Flyover Ct, Bakersfield, CA 93308
      View Details
    • Value Estimation by Request
      5.08 Acres

      Nec Pegasus Dr. & Unicorn Rd

      Distribution properties
      0 Nec Pegasus Dr. & Unicorn Rd, Bakersfield, CA 93308
      View Details
    • Value Estimation by Request
      5,089 SF

      2831 Gibson St

      Distribution properties
      2831 Gibson St, Bakersfield, CA 93308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      658,878 SF

      Spacious Distribution Warehouse with Parking

      Large industrial building featuring ample parking and multiple loading docks.
      NW Of Airport Rd And Skwy Dr, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,283 SF

      Versatile Industrial Property For Sale

      Industrial property featuring flexible buildings and a spacious shop.
      2810 Patton Way, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      65,575 SF

      Industrial Building with Extensive Dock

      65,575 SF industrial building featuring dock and grade-level doors.
      3801 Standard St, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      264,197 SF

      Bakersfield Warehouse with High Clearance

      264,197 SF warehouse featuring 36' clear height.
      NW Of Airport Rd And Skwy Dr, Bakersfield, CA 93308
      View Details
    • $335,000
      2,500 SF

      Bakersfield Commercial Property For Sale

      2,500 SF building on 0.56 AC in North Bakersfield.
      214 Minner Ave, Bakersfield, CA 93308
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      357,609 SF

      Bakersfield Warehouse Space Available

      Large industrial warehouse, multiple units.
      6001 Snow Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      209,041 SF

      New Class A Warehouse Project

      Class A warehouse in Bakersfield Central Logistics Park for lease.
      2152 Coffee Frontage Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Class A Industrial Facility

      Premier industrial facility for logistics, distribution, and e-commerce fulfillment.
      2152 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Modern Logistics and Distribution Facility

      New Class A warehouse and office space in Bakersfield.
      2204 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      2,350 SF

      Warehouse with Yard and Offices

      Warehouse with offices, yard, and highway access available for lease.
      18400 Ca-65, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Office/Warehouse in Rosedale Oil Patch

      13,700 SF office/warehouse space in Bakersfield, CA.
      4201 Armour Ave, Bakersfield, CA 93308
      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.
    Citation Way & Hawker Ct
    Bakersfield, CA 93308
    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
    Citation Way & Hawker Ct, Bakersfield, CA, 93308
    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!