Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Physician
-
Physician
-
Physician
-
Physician
-
Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Bakersfield, CAThe purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Bakersfield, CA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
