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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1405 Commercial Way Bakersfield, CA 93309-0620

    • Office buildings
    • 11,616 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3358445
    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

    • Back to Work Center / Career Guidance Service
    • Wortiska Charles F DC / Chiropractor
    • Dr. Rolfes / Dentist
    • Kathleen Rolfes, DMD, Inc. Childrens Dentistry / Dentist
    • Back Pain, Neck Pain & Headache Relief Center of Bakersfield / Chiropractor

    Property Details for 1405 Commercial Way

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    11,616 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    331-330-24-00-9
    APU
    33133024009

    Description

    This exceptional 11,283 square foot office building, located at 1405 Commercial Way in Bakersfield, California, presents a unique opportunity for businesses seeking flexible and versatile workspace. Built in 1990, this single-story building is situated in the Southwest submarket's Truxtun Corridor, offering convenient access to Westside Parkway, a major thoroughfare connecting Southwest Bakersfield to the city center. The property is zoned C-2 and features a variety of office space configurations, including traditional, creative, coworking, and executive office options, making it suitable for a wide range of businesses. The building is comprised of multiple tenancies, with a minimum divisible space of 2,526 square feet. While there are no elevators, the single-story design ensures easy accessibility. The property's address is 1405 Commercial Way, Bakersfield, CA 93309 (APN 331-330-24, Kern County). One available space includes a large central bullpen area, ideal for collaborative work environments. This prime location and adaptable space make this property an attractive option for businesses seeking a strategic presence in Bakersfield's thriving Southwest area. The property's convenient access to major roadways and its diverse layout cater to a variety of business needs. This is an excellent opportunity to secure a well-located and functional office space in a dynamic Bakersfield submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.061
    Latitude
    35.3669
    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
    $19,095
    $409,264
    $1,135,945
    $1,545,209
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5401 Business Park S Ste, Unit 104

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      1400 Easton Dr Ste, Unit 106

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    • Value Estimation
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      5251 Ofc Park Dr

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    • Value Estimation
      $2,350,000
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      4900 California Ave, Unit B

      PROFESSIONAL BUILDING • 161,539 SF
      4900 California Ave, Bakersfield, CA 93309-7024
      View Details
    • Value Estimation
      $2,230,000
      42,218 SF

      5701 Truxtun Ave

      PROFESSIONAL BUILDING • 42,218 SF
      5701 Truxtun Ave, Bakersfield, CA 93309-0669
      View Details

    Similar Nearby for Sale

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      Bakersfield Medical Office Building

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      Bakersfield Medical Office Condo

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      Bakersfield Medical Center Portfolio

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    • $1,100,000

      Bakersfield Land For Sale

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    • $775,000

      Bakersfield Commercial Property for Sale

      Commercial property available in Bakersfield, California.
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    • Contact for pricing
      0.45 Acres

      Bakersfield Commercial Land Opportunity

      Prime R-1 Zoned Land, High Visibility
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    Similar Nearby for Lease

    • $1.75 SF/Yr
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    • Contact for pricing
      5,000 SF

      Bakersfield Retail Space Available

      Prime Bakersfield retail space, 1,200-5,000 sq ft.
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    • $4 SF/Yr
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      HQ Truxtun Place: Bakersfield Office Space

      Prime Bakersfield Office Suites: Flexible Options Available
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    • $19 SF/Yr
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      Prime Office Space, California Ave

      Exceptional office suites, ideal location.
      5055 California Ave, Bakersfield, CA 93309
      View Details
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    Bakersfield, CA 93309-0620
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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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