Technical
Financial
Distress signals
Property profile

1219 Olive Dr Bakersfield, CA 93308

OFF-MARKET
Parking lots & garages
Property ID
US10-2710660
0.61 ac lot
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.61-acre commercial land parcel is ideally situated at the southeast corner of Roberts Lane and Olive Drive in Bakersfield, California. The property boasts excellent visibility and accessibility, with convenient access to Highway 99. Its M-2 zoning allows for a variety of commercial uses. The lot features prominent Olive Drive frontage, ensuring high visibility for any development. This location benefits from strong co-tenancy, including established businesses such as Goodwill, Big Lots!, and 99¢ Only Stores. The pad is directly adjacent to a Sonic Drive-In, further enhancing its desirability. This prime location presents a unique opportunity for developers seeking a high-traffic area with established businesses. The property is identified by APN 116-200-02 and is offered for sale by owner. Alternative options may include a ground lease or build-to-suit arrangement, providing flexibility for potential buyers or tenants. This is a rare opportunity to acquire a highly visible and well-located commercial land parcel in a thriving Bakersfield retail center. The property's size and location make it suitable for a variety of commercial developments. Don't miss this chance to secure a prime piece of Bakersfield real estate.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Construction WOOD
Lot 0.61 ac (26,571 SF)
Zoning code M-2
APN 116-200-02-00-8
UPID US10-2710660

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
  • Business Service Center Corporate Office

Location

1219 Olive Dr Bakersfield, CA 93308
Bakersfield metro Census 300 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2005
6 recorded transactions
2005
Price N/A
2003
$6.5M
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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