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    1026 Calloway Dr Bakersfield, CA 93312-6337
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    Property profile & analytics

    1026 Calloway Dr Bakersfield, CA 93312-6337

    View on Map
    • Office buildings
    • 3,031 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US09-3044620
    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.
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    8.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Calloway Eyecare and Optical / Eye Care Center
    • PT Solutions of Brimhall / Physician

    Property Details for 1026 Calloway Dr

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    3,031 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    500-030-22-00-8
    APU
    50003022008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $845,000
      Market price range: $432k - $894k
      AI Estimate
      $771,000
      Market price range: $422k - $898k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $640,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,045,000
      Change: +63% Conversion: Difficult
      MEDICAL BUILDING
      $695,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.111
    Latitude
    35.3675
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,781
    $380,000
    $500,000
    $880,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,115,000
      5,478 SF

      9902 Brimhall Rd

      PROFESSIONAL BUILDING • 5,478 SF
      9902 Brimhall Rd, Bakersfield, CA 93312-2801
      View Details
    • Value Estimation by Request
      1,792 SF

      4939 Calloway Dr, Unit J102

      PROFESSIONAL BUILDING • 1,792 SF
      4939 Calloway Dr, Bakersfield, CA 93312-9720
      View Details
    • Value Estimation
      $1,205,000
      8,713 SF

      11108 Brimhall Rd

      PROFESSIONAL BUILDING • 8,713 SF
      11108 Brimhall Rd, Bakersfield, CA 93312-2048
      View Details
    • Value Estimation
      $1,910,000
      8,410 SF

      1010 Calloway Dr

      PROFESSIONAL BUILDING • 8,410 SF
      1010 Calloway Dr, Bakersfield, CA 93312-6391
      View Details
    • Value Estimation
      $640,000
      2,435 SF

      3409 Calloway Dr, Unit 201

      PROFESSIONAL BUILDING • 2,435 SF
      3409 Calloway Dr, Bakersfield, CA 93312-2531
      View Details
    • Value Estimation by Request
      0.04 Acres

      8501 Brimhall Rd Ste, Unit 201

      PROFESSIONAL BUILDING • 0.04 Acres
      8501 Brimhall Rd Ste, Bakersfield, CA 93312-2254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,632 SF

      Multi-Tenant Office Building For Sale

      12,632 SF multi-tenant office building 100% leased in Bakersfield, CA.
      8302 Espresso Dr, Bakersfield, CA 93312
      View Details
    • $1,495,000
      2,782 SF

      Bakersfield Commercial Property on Rosedale

      1.12-acre C-2 commercial property with office and industrial features.
      9831 Rosedale Hwy, Bakersfield, CA 93312
      View Details
    • Contact for pricing
      7,168 SF

      Professional Office Condominium Units

      Office condominium units in prime Northwest Bakersfield location for sale.
      4801 Calloway Dr, Bakersfield, CA 93312
      View Details
    • Contact for pricing

      Calloway Drive Retail Redevelopment Site

      Prime commercial land for retail redevelopment in a high-traffic location.
      2500 Calloway Dr, Bakersfield, CA 93312
      View Details
    • Contact for pricing

      Land on Retail Corridor

      Land available on a dominant retail corridor.
      9711 Rosedale Hwy, Bakersfield, CA 93312
      View Details
    • Contact for pricing
      3,056 SF

      Established Smoke Shop Business

      Successful smoke shop business in a high-traffic Bakersfield location.
      9517 Rosedale Hwy, Bakersfield, CA 93312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,598 SF

      Office Space in Bakersfield, CA

      Office space available for lease in Bakersfield, CA.
      1010 Calloway Dr, Bakersfield, CA 93312
      View Details
    • Contact for pricing

      Medical and Professional Office Space

      Medical and professional office space in Bakersfield, California.
      8501 Brimhall Rd, Bakersfield, CA 93312
      View Details
    • Contact for pricing

      Retail Space in Northwest Bakersfield

      Retail space with modern design, high traffic, and easy access.
      10500-10618 Hageman Rd, Bakersfield, CA 93312
      View Details
    • Contact for pricing
      2,500 SF

      Bakersfield Office Warehouse For Rent

      Office warehouse in Northwest Bakersfield with easy highway access.
      9412 Shellabarger Rd, Bakersfield, CA 93312
      View Details
    • Contact for pricing
      7,000 SF

      Commercial Land Near Kern River

      2.8 acres available for ground lease or build to suit.
      8101 Brimhall Rd, Bakersfield, CA 93312
      View Details
    • Contact for pricing

      Land for Rent in Bakersfield

      Land available for rent in Northwest Bakersfield near major routes.
      1628 Art St, Bakersfield, CA 93312
      View Details

    Property Visit Statistics

    • Visits by month
      32.9k
    • Visitors by month
      18.2k
    • Avg Time on site
      9 min
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    Bakersfield, CA 93312-6337
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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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