Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1018 Gage St Bakersfield, CA 93305

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2722067
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1018 Gage St

    Property type
    Commercial real estate
    APN
    015-380-09

    Description

    This exceptional 5,227 square foot lot, located at 1018 Gage Street in Bakersfield, California, presents a remarkable opportunity for residential development. Zoned R-4, this property allows for high-density housing, opening up a wide range of possibilities for the discerning investor or developer. The expansive lot size provides ample space for a variety of projects, from stylish townhouses to modern apartment complexes, or a creative blend of both. Its location in Bakersfield, within Kern County, offers convenient access to local amenities and infrastructure. The property's APN is 015-380-09. This prime parcel is situated in a desirable area, making it an attractive investment for those seeking to capitalize on the growing demand for housing in the region. The asking price for this exceptional development opportunity is $195,000. Don't miss the chance to acquire this strategically located, R-4 zoned lot and build your vision. The possibilities are truly endless. This is a rare opportunity to secure a substantial piece of land in a thriving Bakersfield neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.982339
    Latitude
    35.3895341

    Comparable in this City

    • $549,000

      2500 Haley St

      Land
      2500 Haley St, Bakersfield, CA 93305
      View Details
    • $510,000
      638 SF

      Bakersfield 6-Plex with Income Potential

      Charming 6-plex in Bakersfield with upside for income growth.
      929 Quincy St, Bakersfield, CA 93305
      View Details
    • $449,000

      New Duplex with Paid Solar

      New duplex featuring paid solar, energy savings, modern appliances.
      727 Knotts St, Bakersfield, CA 93305
      View Details
    • $325,000

      Updated Duplex in Bakersfield, CA

      Well-maintained duplex with updated units, ideal for investors/homeowners.
      1316 Pacific St, Bakersfield, CA 93305
      View Details
    • $630,000
      3,432 SF

      Bakersfield Four-Unit Apartment Building

      Four-unit apartment building with modern amenities and convenient location.
      1312 Flower St, Bakersfield, CA 93305
      View Details
    • New
      $330,000
      1,315 SF

      Charming Duplex with ADU Potential

      Well-maintained duplex with detached ADU in central Bakersfield.
      1107 Pacific St, Bakersfield, CA 93305
      View Details

    Similar Nearby for Sale

    • $549,000

      2500 Haley St

      Land
      2500 Haley St, Bakersfield, CA 93305
      View Details
    • $649,000

      Bakersfield Quadplex Near Amenities

      Four-unit multifamily property in a desirable Bakersfield location.
      2801 Alta Vista Dr, Bakersfield, CA 93305
      View Details
    • $375,000
      1,724 SF

      Modern Duplex Near Trauma Center

      2019 duplex near Bakersfield Trauma Center, ideal for investors.
      1603 Palm Dr, Bakersfield, CA 93305
      View Details
    • $510,000
      638 SF

      Bakersfield 6-Plex with Income Potential

      Charming 6-plex in Bakersfield with upside for income growth.
      929 Quincy St, Bakersfield, CA 93305
      View Details
    • $449,000

      New Duplex with Paid Solar

      New duplex featuring paid solar, energy savings, modern appliances.
      727 Knotts St, Bakersfield, CA 93305
      View Details
    • $325,000

      Updated Duplex in Bakersfield, CA

      Well-maintained duplex with updated units, ideal for investors/homeowners.
      1316 Pacific St, Bakersfield, CA 93305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,204 SF

      Large Land Parcel For Rent

      39,000+ SF land parcel suitable for retail development.
      1336 Height St, Bakersfield, CA 93305
      View Details
    • $2,500 /Mo

      High-Visibility Vacant Lot Available

      10,000 SF vacant lot ideal for retail/restaurant use.
      3333 Union Ave, Bakersfield, CA 93305
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Bakersfield, CA

      Retail space available for lease in Bakersfield, California.
      3705-3721 Columbus St, Bakersfield, CA 93305
      View Details
    • $12 SF/Yr
      1,500 SF

      Bakersfield Office Space Available

      Office space available for rent in Bakersfield, California.
      100 W Columbus St, Bakersfield, CA 93305
      View Details
    • Contact for pricing
      22,570 SF

      Bakersfield Industrial Warehouse For Lease

      22,570 SF Warehouse, 2.28 Acres
      151 Truxtun Ave, Bakersfield, CA 93305
      View Details
    • $590,000
      3,950 SF

      Equipped Retail Space for Lease

      Turnkey retail space equipped for a meat market business.
      1201 Columbus St, Bakersfield, CA 93305
      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.
    1018 Gage St
    Bakersfield, CA 93305
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.