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    Property profile & analytics

    1211 Olive Dr Bakersfield, CA 93308-4143

    • Parking lots & garages
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US09-3124940
    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

    • Big Lots / Furniture Store / Discount Store

    Property Details for 1211 Olive Dr

    Construction
    WOOD
    Lot size
    0.94 lot acres
    Zone code
    M-2
    Property type
    Parking lots & garages
    APN
    116-200-07-00-3
    APU
    11620007003

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $295,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $290,000
      Mixed-Use
      $275,000
      Hospitality
      $310,000
      Educational
      $295,000
      Residential Income
      $290,000
      Energy
      $310,000
      Income-Based Land
      $255,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.046
    Latitude
    35.4119
    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
    $5,302
    $280,139
    $163,981
    $444,120
    -
    $0.00
    $0.00
    $0.00

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      2909 Buck Owens Blvd

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    • Value Estimation
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      301 Roberts Ln

      PARKING LOT • 0.65 Acres
      301 Roberts Ln, Bakersfield, CA 93308-4818
      View Details
    • Value Estimation
      $1,950,000
      14,625 SF

      313 Airport Dr

      PARKING LOT • 14,625 SF
      313 Airport Dr, Bakersfield, CA 93308-4159
      View Details

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    Bakersfield, CA 93308-4143
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    Realmo Value Estimation

    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.

    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.

    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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