10215 Stobaugh St Lamont, CA 93241
- Day care centers
- 9,802 SF
- 0.64 lot acres
Current Use by Public Records
- Kern County Human Services Lamont / County Government Office / Social Services Organization
Property Details for 10215 Stobaugh St
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 9,802 SF
- Zone code
- C2 FPS
- Property type
- Day care centers
- APN
- 186-052-25-00-7
- APU
- 18605225007
Description
This exceptional investment opportunity presents a single-tenant office building located at 10215 Stobaugh St, Lamont, CA 93241. The property, boasting 9,802 square feet, is currently 100% occupied by the County of Kern, providing essential services to the Lamont community. The lease commenced on March 1st, 2023, and has a remaining term of approximately 3.3 years, expiring February 28th, 2028. The asking price is $1,400,000, representing a compelling price per square foot of $142.83, significantly below replacement cost. The building, constructed in 1994, is a single-story structure situated on a single lot (APN 186-052-25) and features ample parking. The property generates a strong net operating income (NOI) of $83,526, resulting in an attractive 6.00% capitalization rate. Recent interior improvements enhance the building's functionality and appeal. This is a rare opportunity to acquire a stable, income-producing asset in a growing community, offering a secure investment with significant upside potential. The property is classified as a traditional office building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lamont
- County
- Kern
- State
- California
- Longitude
- -118.915
- Latitude
- 35.2629
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
