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    Property profile & analytics

    Bakersfield CA 93313 H St Bakersfield, CA 93307

    • Power centers
    • 7.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Power centers

    Property Details for Bakersfield CA 93313 H St

    Year built
    2024
    Lot size
    7.00 lot acres
    Property type
    Power centers
    Property subtype
    Retail properties

    Description

    The Gateway at Hosking, a new 7-acre commercial development in Bakersfield, CA, offers exceptional retail and restaurant opportunities. Located at the southeast corner of Hosking Avenue and South H Street, directly off Highway 99, this prime location boasts unparalleled visibility and accessibility. The development features six buildings totaling 1,200 minimum divisible square feet, with a variety of spaces available, including drive-thru options. Currently, an ARCO AMPM gas station and a Mister Car Wash are established tenants. The remaining parcels are ideal for national retailers seeking high-traffic exposure in a rapidly growing area of Southwest Bakersfield. The property is zoned C-2PD and was built in 2024. This is a unique opportunity to be part of Bakersfield's newest retail hub, benefiting from excellent freeway signage and easy access to major thoroughfares. The site offers a mix of pad sites and multi-tenant buildings, catering to diverse business needs. With its strategic location and modern design, The Gateway at Hosking presents a compelling investment prospect for businesses seeking a prominent presence in a thriving market. The minimum leasable space is 1,200 square feet.

    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
    -119.021
    Latitude
    35.2814

    Comparable in this City

    • Value Estimation by Request
      43,385 SF

      The Crossings At Hosking

      Power centers • 43,385 SF
      0 The Crossings At Hosking, Bakersfield, CA 93307
      View Details
    • Value Estimation
      $195,000
      1.03 Acres

      Bakersfield, CA 93307

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.03 Acres
      Bakersfield, CA 93307
      View Details
    • Value Estimation
      $205,000
      2,666 SF

      1029 California Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,666 SF
      1029 California Ave, Bakersfield, CA 93307
      View Details
    • Value Estimation
      $300,000
      1,143 SF

      1605 Brundage Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,143 SF
      1605 Brundage Ln, Bakersfield, CA 93307-2748
      View Details
    • Value Estimation
      $355,000
      2,666 SF

      Bakersfield, CA 93307

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,666 SF
      Bakersfield, CA 93307
      View Details
    • Value Estimation by Request
      0.04 Acres

      Bakersfield, CA 93307

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.04 Acres
      Bakersfield, CA 93307
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      43,385 SF

      The Crossings at Hosking: Prime Retail Space

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      0 The Crossings At Hosking, Bakersfield, CA 93307
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      Gateway Plaza Retail Spaces

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      Bakersfield Retail Space - Prime Location

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    • $5,000 /Mo
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      Commercial & Residential Mixed-Use Property

      Versatile commercial and residential property in a high-traffic Bakersfield location.
      1313 Brundage Ln, Bakersfield, CA 93307
      View Details
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    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
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