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    15701 Hwy 178 Bakersfield, CA 93306-9500
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    15701 Hwy 178 Bakersfield, CA 93306-9500

    View on Map
    • Office buildings
    • 11,096 SF
    • 12.97 lot acres
    Off-Market
    Property ID
    US09-3384164
    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.
    Value Estimations
    $2,815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 15701 Hwy 178

    Year built
    2000
    Construction
    WOOD
    Lot size
    12.97 lot acres
    Property size
    11,096 SF
    Zone code
    C2 PCD
    Property type
    Office buildings
    APN
    386-060-18-00-4
    APU
    38606018004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,760,000
      6.5%
      $2,545,000
      7%
      $2,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,271,000
      Market price range: $1.58M - $3.27M
      AI Estimate
      $2,631,000
      Market price range: $839k - $2.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,345,000
      Current use
      RESTAURANT
      $4,490,000
      Change: +92% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,830,000
      Change: +63% Conversion: Difficult
      MEDICAL BUILDING
      $2,535,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.818
    Latitude
    35.425
    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
    $25,247
    $61,374
    $2,217,373
    $2,278,747
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

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      PROFESSIONAL BUILDING • 0.16 Acres
      2330 Niles St, Bakersfield, CA 93306-4047
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    • Value Estimation by Request

      3939 Bernard St

      PROFESSIONAL BUILDING
      3939 Bernard St, Bakersfield, CA 93306-3168
      View Details
    • Value Estimation
      $2,205,000
      18,096 SF

      6200 Lk Ming Rd

      PROFESSIONAL BUILDING • 18,096 SF
      6200 Lk Ming Rd, Bakersfield, CA 93306-9804
      View Details
    • Value Estimation
      $815,000
      5,940 SF

      3615 Mt Vernon Ave

      PROFESSIONAL BUILDING • 5,940 SF
      3615 Mt Vernon Ave, Bakersfield, CA 93306-1547
      View Details
    • Value Estimation by Request
      3,144 SF

      2915 Niles St

      PROFESSIONAL BUILDING • 3,144 SF
      2915 Niles St, Bakersfield, CA 93306
      View Details
    • Value Estimation by Request
      1,728 SF

      3815 Auburn St

      PROFESSIONAL BUILDING • 1,728 SF
      3815 Auburn St, Bakersfield, CA 93306-2760
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Prime Location

      Mixed-use property with redevelopment potential in a high-traffic area.
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    • $200,000
      19,602.00 Acres

      Residential Lot in Gated Community

      Vacant lot in gated community near Rio Bravo golf course.
      6203 Vista Estrella, Bakersfield, CA 93306
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      Highway Frontage Land For Sale

      Land available on highly-traveled Highway 178 in Northeast Bakersfield.
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      Bakersfield Big Box Store Opportunity

      Big box store on 4.61 acres in Bakersfield, CA.
      8331 Kern Canyon Rd, Bakersfield, CA 93306
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      Land For Sale Bakersfield

      Land available for sale in Bakersfield, California.
      1203 Mccurdy Dr, Bakersfield, CA 93306
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    • $150,000
      0.50 Acres

      Bakersfield Land with Kern River Views

      Residential land zoned R3 with potential for multi-unit development.
      4201 Boise St, Bakersfield, CA 93306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,867 SF

      Medical Office Space Available

      Medical office space for rent in Bakersfield, CA.
      4500 Morning Dr, Bakersfield, CA 93306
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    • Contact for pricing

      Future Retail Development on Highway

      Future retail development with anchor, shop, and pad locations.
      3000 Mall View Rd, Bakersfield, CA 93306
      View Details
    • Contact for pricing

      6151 Niles Street, Bakersfield, CA 93306

      Retail space
      6151 Niles St, Bakersfield, CA 93306
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Land available for ground lease or build to suit.
      178 And Masterson Dr, Bakersfield, CA 93306
      View Details
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      1,000 SF

      Retail Space in East Hills

      Retail spaces available in high-visibility East Hills Mall area.
      3401 Mall View Rd, Bakersfield, CA 93306
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    • Contact for pricing

      Retail Space in Bakersfield Location

      Retail space with high visibility and traffic in Bakersfield.
      2509 Mount Vernon Ave, Bakersfield, CA 93306
      View Details
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    15701 Hwy 178
    Bakersfield, CA 93306-9500
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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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