Technical
Financial
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Property profile

11109 Riv Run Blvd Bakersfield, CA 93311

OFF-MARKET
Office buildings
Property ID
US09-1410082
27,360 SF 1.8 ac lot Built 2009
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, situated within the prestigious River Walk Corporate Center in Bakersfield, California, presents a unique investment opportunity. The two-story structure encompasses a total of 27,490 square feet, with 2,547 square feet currently available for lease. Located at 11109 River Run Blvd, Bakersfield, CA 93311, this property sits on 1.79 acres of land in Kern County. Its prime location within the University Office Center submarket offers unparalleled convenience and accessibility. The building's design is uniquely suited for professional office users, and its proximity to a diverse range of amenities, including restaurants, shops, and entertainment venues, enhances its appeal. The surrounding area boasts a strong tenant base, with notable neighbors such as Castle & Cooke, Berry Petroleum, S.C. Anderson, Ticor Title Company, Energy One Federal Credit Union, and several popular restaurants and retailers including Panera Bread, BevMo, PF Changs, Sprouts, Yard House, BJ's Brewery, and Target. The University of LaVerne's presence further solidifies the area's professional and academic standing. This property offers a compelling combination of location, amenities, and Class A quality, making it an ideal choice for businesses seeking a prestigious and convenient office space in Bakersfield. The building's multiple tenancy allows for flexibility and scalability.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,360 SF
Lot 1.8 ac (78,408 SF)
APN 390-400-10-00-9
UPID US09-1410082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Architect
  • Construction Company
  • Corporate Office

Location

11109 Riv Run Blvd Bakersfield, CA 93311-3638
Bakersfield metro Census 2811 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.81M
Comparable Approach Comparable
$3.26M
Blend (final) Blend
$4.72M

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2014
Price N/A
2007
Price N/A
2007
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $6.3M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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