1408 Commercial Way, Bakersfield, CA 93309-0406
- Medical Office Space
- 11,550 SF
- 1.05 lot acres
Current Use by Public Records
- Bakersfield Digestive Disease: Reichbach Elliot J MD / Physician
- Sandeep Kaur / Physician
- Kenneth H Susman / Physician
- Ali Ghorbanifarajzadeh / Physician
- Wajdi Nassier / Physician
Property Details for 1408 Commercial Way
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 1.05 lot acres
- Zone code
- C-2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 331-330-31-00-9
- APU
- 33133031009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 4, 2013 | $1,275,000 | Gaga1 Properties | Gupta,ramesh & Santosh | Grant Deed | $1M · Valley Republic Bank |
| — | — | Properties I Brookfield | — | Deed Of Trust · related | — |
| — | — | Properties 1 Brookfield | — | Deed Of Trust · related | $250k · Bank Of Stockdale |
Description
This exceptional Class A medical office building, located at 1408 Commercial Way in Bakersfield, California, presents a unique investment opportunity. The 11,550 square foot single-story building, constructed in 2009, sits on a 1.05-acre lot and boasts 40 parking spaces. Currently 50% occupied, the seller will lease back half of the building, a long-term surgical center tenant, providing immediate cash flow. The property features two fully operational surgical suites and offers move-in ready medical clinic space. Its prime Midtown location in Kern County, zoned M-1, is surrounded by other medical facilities, making it ideal for an owner-user or investor. The building's asking price is $4,950,000, translating to $428.57 per square foot. This property is part of a larger portfolio but can be purchased separately. The APN is 331-330-31-00-9. This is a rare opportunity to acquire a well-located, high-quality medical facility with significant upside potential. The state-of-the-art surgical center, combined with the existing tenant leaseback, offers a compelling investment proposition. Contact us for further details.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,565,000
- 6.5%
- $2,365,000
- 7%
- $2,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,658,000
- AI Estimate
- $1,579,000
Market price range: $1.82M - $3.53MMarket price range: $567k - $2.35M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,640,000 Current use
- OFFICE BUILDING
- $2,560,000 Change: -3% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.06
- Latitude
- 35.3672
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
