1405 Commercial WayBakersfield, CA 93309

Property Details for 1405 Commercial Way

Year built

1990

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

11,616 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

331-330-24-00-9

APU

33133024009

Description

This exceptional 11,283 square foot office building, located at 1405 Commercial Way in Bakersfield, California, presents a unique opportunity for businesses seeking flexible and versatile workspace. Built in 1990, this single-story building is situated in the Southwest submarket's Truxtun Corridor, offering convenient access to Westside Parkway, a major thoroughfare connecting Southwest Bakersfield to the city center. The property is zoned C-2 and features a variety of office space configurations, including traditional, creative, coworking, and executive office options, making it suitable for a wide range of businesses. The building is comprised of multiple tenancies, with a minimum divisible space of 2,526 square feet. While there are no elevators, the single-story design ensures easy accessibility. The property's address is 1405 Commercial Way, Bakersfield, CA 93309 (APN 331-330-24, Kern County). One available space includes a large central bullpen area, ideal for collaborative work environments. This prime location and adaptable space make this property an attractive option for businesses seeking a strategic presence in Bakersfield's thriving Southwest area. The property's convenient access to major roadways and its diverse layout cater to a variety of business needs. This is an excellent opportunity to secure a well-located and functional office space in a dynamic Bakersfield submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $3,312,334

  6.5%

  $3,057,539

  7%

  $2,839,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,208,898

  Geo Method

  $2,208,898

• Alternative Use

  Use

  Valuation

  Residential

  $3,791,348

  Hospitality

  $3,472,855

  Educational

  $2,889,374

  Medical

  $2,988,744

  Retail

  $4,494,582

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3669

Longitude

-119.061

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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