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Property profile & analytics
OFF-MARKET Estimated value $10,230,000
Manufacturing properties

1500 Un Ave Bakersfield, CA 93307-4144

57,504 SF 12.17 ac lot Built 1980
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US09-2355567
Property summary
AI-generated overview

This exceptional commercial property, located at 1500 S Union Avenue in Bakersfield, California, 93307, presents a unique investment opportunity. The property encompasses approximately 84,603 square feet of office and flex space situated on 12.17 acres of land. The main office building, constructed in 2010, features approximately 30,824 square feet of modern office space. This area includes a conference room, two large classrooms, a lunchroom, four finished open offices, approximately sixty private offices, and two sets of men's and women's restrooms. A significant upgrade was completed in 2018 with the installation of a new roof and a 74.825 kW solar system comprising 614 panels (285 Watts per panel). Beyond the main office building, the property includes additional warehousing, crane-served manufacturing space, a paint booth, and sandblasting facilities, catering to a diverse range of potential users. The expansive 328,618 square foot (7.5-acre) yard provides ample outdoor storage space, making this a highly desirable location for businesses requiring significant laydown yard capabilities. Further enhancing its appeal, an additional 24.5 acres of expansion land, currently leased by the seller from the City of Bakersfield, is available for expansion, accessible from the property via two private access points from E. Casa Loma Road and Watts Drive. The property benefits from excellent freeway access to Highways 58, 99, 178, and the Interstate system. The asking price for this exceptional property is $11,500,000.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Construction WOOD
Total area 57,504 SF
Lot 12.17 ac (530,125 SF)
Zoning code M1
APN 170-010-52-00-4
UPID US09-2355567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PCL Industrial Services, Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.40M
Comparable Approach Comparable
$9.92M
Blend (final) Blend
$10.23M
Owner & transaction history
Bruin Blue Ventures LLC
Bruin Blue Ventures LLC
since 2025
Last sale
$10.8M
5 recorded transactions
2025
$10.8M
2009
Price N/A
2005
Price N/A
2004
Price N/A
1970
Price N/A
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $13.2M +123.4%
Office building $12.1M +106.3%
Apartment house (5+ units) $10.5M +78.3%
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