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    Property profile & analytics

    1500 Haggin Oaks Blvd Bakersfield, CA 93311

    • Office buildings
    • 12,737 SF
    • 0.96 lot acres
    For Lease
    View listing
    Value Estimations
    $1,805,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3382332
    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

    • South Valley Vein Center / Medical Clinic
    • City Real Esate Group / Real Estate Agency
    • Psychiatric Wellness Center Psychotherapy / Psychotherapist
    • Aerotek / Employment Agency
    • Albert Ma / Physician

    Property Details for 1500 Haggin Oaks Blvd

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Property size
    12,737 SF
    Zone code
    C-O
    Property type
    Office buildings
    APN
    390-060-16-00-9
    APU
    39006016009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,402,000
      Market price range: $1.82M - $3.76M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,690,000
      Current use
      MEDICAL BUILDING
      $2,910,000
      Change: +8% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,420,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.101
    Latitude
    35.3417
    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
    $35,609
    $666,806
    $2,209,681
    $2,876,487
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,875,000
      45,113 SF

      11000 Riv Run Blvd

      PROFESSIONAL BUILDING • 45,113 SF
      11000 Riv Run Blvd, Bakersfield, CA 93311-8964
      View Details
    • Value Estimation
      $560,000
      4,114 SF

      Bakersfield, CA 93311

      PROFESSIONAL BUILDING • 4,114 SF
      Bakersfield, CA 93311
      View Details
    • Value Estimation by Request
      2,532 SF

      Bakersfield, CA 93311

      PROFESSIONAL BUILDING • 2,532 SF
      Bakersfield, CA 93311
      View Details
    • Value Estimation
      $1,695,000
      12,060 SF

      1518 Ml Rock Way

      PROFESSIONAL BUILDING • 12,060 SF
      1518 Ml Rock Way, Bakersfield, CA 93311-1349
      View Details
    • Value Estimation
      $7,540,000
      67,064 SF

      9100 Ming Ave

      PROFESSIONAL BUILDING • 67,064 SF
      9100 Ming Ave, Bakersfield, CA 93311-1328
      View Details
    • Value Estimation
      $24,730,000
      241,051 SF

      10000 Ming Ave

      PROFESSIONAL BUILDING • 241,051 SF
      10000 Ming Ave, Bakersfield, CA 93311-1301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      572,414 SF

      Class A Bakersfield Office Building

      Prime Bakersfield Office Space, 572,414 SF
      900 Old River Rd, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      1.00 Acre

      Seven Oaks Business Park: Bakersfield, CA

      Prime Bakersfield commercial land, build-to-suit options.
      0 Buena Vis Rd @ Bolthouse Dr, Bakersfield, CA 93311
      View Details
    • $846,412
      1.39 Acres

      Gosford Business Park Land - Bakersfield

      1.39-Acre Commercial Lot, Ready to Build
      5202 Young St, Bakersfield, CA 93311
      View Details
    • $1,046,311
      9.99 Acres

      Bakersfield Commercial Land

      9-14 Acres, NR Zoning, I-5 Access
      0 Enos Ln, Bakersfield, CA 93311
      View Details
    • $250,000

      High-Traffic Area Business Opportunity

      Own a business in a prime, high-traffic location.
      3300 Buena Vista Rd, Bakersfield, CA 93311
      View Details
    • $349,000
      0.45 Acres

      Residential Land in Gated Community

      Large lot in gated community with resort-style amenities.
      13907 Ladbrook Way, Bakersfield, CA 93311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Southwest Bakersfield Medical Office Space

      Prime Medical Office, 11,279 SF Available
      500 Old River Rd, Bakersfield, CA 93311
      View Details
    • $33 SF/Yr
      9,611 SF

      Bakersfield Medical Office Space

      Prime Medical Office Suites Available Now
      11905 Bolthouse Dr, Bakersfield, CA 93311
      View Details
    • $26 SF/Yr
      8,528 SF

      University Place Office Suites, Bakersfield

      Class A Office Space, Bakersfield, CA
      8500 Stockdale Hwy, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      1,686 SF

      Bakersfield Office Space Available

      Office space available for rent in Bakersfield, CA.
      9450 Ming Ave, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      40,000 SF

      Medical Office Space, Bakersfield CA

      Prime Southwest Bakersfield medical office suites available.
      300 Old River Rd, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      5,849 SF

      University Centre Office Space Available

      Office spaces in desirable location, professionally managed, fully improved.
      9201 Camino Media, Bakersfield, CA 93311
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      3.7k
    • Avg Time on site
      11 min
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    Bakersfield, CA 93311
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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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