Technical
Financial
Distress signals
Property profile

1518 Ml Rock Way Bakersfield, CA 93311

OFF-MARKET
Office buildings
Property ID
US09-2853052
12,060 SF 1.03 ac lot Built 2004
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2004
Construction WOOD
Total area 12,060 SF
Lot 1.03 ac (44,866 SF)
Zoning code C-O
APN 390-060-25-00-5
UPID US09-2853052

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Private University University
  • Real Estate Agency
  • Electric Utility Company Government
  • Real Estate Agency
  • Real Estate Agency

Location

1518 Ml Rock Way Bakersfield, CA 93311-1349
Bakersfield metro Census 2806 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.34M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2007
6 recorded transactions
2007
Price N/A
2007
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-O · Bakersfield, CA
Zoning description

The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.

General category COMMERCIAL
Top alternative use upside
Medical building $2.8M +8.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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