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    Property profile & analytics
    OFF-MARKET Estimated value $685,000
    Retail space

    100 Oak St, Bakersfield, CA 93304-2432

    4,998 SF 0.64 ac lot Built 2006
    Entity Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US10-2964015
    Property summary
    AI-generated overview

    This exceptional 5,000-square-foot free-standing retail building presents a unique investment opportunity in Bakersfield's thriving Central Bakersfield submarket. Constructed in 2000, the single-story structure sits on a substantial 27,442-square-foot lot (63 acres of land), providing ample space for expansion or future development. The property boasts 37 total parking spaces, ensuring convenient access for customers and employees. Its strategic location at 100 Oak St, Bakersfield, CA 93304, near the cross street of Verde St, offers excellent visibility and accessibility, with easy on/off ramps to both Highway 58 and Highway 99. The property is zoned C-2, allowing for a variety of uses, including medical, retail, or office. The building is currently vacant, presenting a blank canvas for a new tenant or owner-user. Its proximity to a new 13,000-square-foot Octapharma Plasma facility further enhances its desirability and potential for increased foot traffic. The property's APN is 008-062-18, and it's located in Kern County. This is a rare opportunity to acquire a substantial retail property in a high-growth area of Bakersfield. The large lot size and ample parking make this an ideal location for a variety of businesses.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2006
    Construction WOOD
    Total area 4,998 SF
    Lot 0.64 ac (27,878 SF)
    Zoning code C2
    APN 008-062-18-00-1
    UPID US10-2964015
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $735k
    Comparable Approach Comparable
    $716k
    Blend (final) Blend
    $685k
    Owner & transaction history
    Advance Investment LLC · 21 yrs held
    Advance Investment LLC
    since 2004
    7 recorded transactions
    2005
    2004
    $285,000
    2003
    $225,000
    1994
    $192,500
    1975
    1969
    1969
    Zoning & alternative use
    C2 · Bakersfield, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $970,000 +33.9%
    Auto repair, garage $795,000 +9.8%
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