Technical
Financial
Distress signals
Property profile

1211 Olive Dr Bakersfield, CA 93308

OFF-MARKET
Parking lots & garages
Property ID
US09-3124940
0.94 ac lot
Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity in Bakersfield, CA, presents 29,565 square feet of vacant space in a 29,565 square foot building situated on 1.29 acres of land. Built in 1986 and zoned M-2, the property boasts a highly desirable location at 1211 Olive Dr, Bakersfield, CA 93308, at the southeast corner of Roberts Lane and Olive Drive. Benefitting from excellent visibility and accessibility, the property enjoys daily traffic counts exceeding 20,000 vehicles and convenient access to Highway 99. The property is currently anchored by 99¢ Only Stores and a new Grocery Outlet, ensuring high foot traffic and a strong retail environment. Additional co-tenants include established businesses such as Goodwill, Subway, H&R Block, and Sonic, creating a vibrant and diverse tenant mix. The property's single suite configuration offers significant flexibility for a variety of retail uses. The APN is 116-200-17. This is a rare opportunity to secure a prominent retail space in a thriving Bakersfield location.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Construction WOOD
Lot 0.94 ac (40,946 SF)
Zoning code M-2
APN 116-200-07-00-3
UPID US09-3124940

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
  • Furniture & Home Goods Home Decor Store

Location

1211 Olive Dr Bakersfield, CA 93308-4143
Bakersfield metro Census 300 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2003
6 recorded transactions
2003
$6.5M
2002
Price N/A
1999
Price N/A
1996
Price N/A
1995
$4.1M
1969
Price N/A

Zoning & alternative use

M-2 · Bakersfield, CA
Zoning description

The intent of M-1 zone is to promote general industrial manufacturing and related uses

General category INDUSTRIAL

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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