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1711 28Th St, Bakersfield, CA 93301
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Property summary
AI-generated overview
A freestanding medical office building in Downtown Bakersfield, located within walking distance of Adventist Health’s downtown hospital campus and near multiple medical and civic uses including Adventist Health Hospital, Memorial Hospital, Mercy Hospital Downtown, Kaiser Permanente medical offices, restaurants, and government offices. The building totals 4,802 square feet and is configured with an efficient medical-office layout featuring sixteen exam rooms and six ADA-compliant restrooms. It includes on-site parking with additional nearby street parking available through the Westchester Parking Association, and it is positioned for access to Highway 178, Highway 99, and the Westside Parkway to reach other parts of Bakersfield. The property features recent interior upgrades and is offered for sale or lease.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Construction
WOOD
Total area
4,802 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-1
APN
001-232-07-00-9
UPID
US09-5379397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$890k
Owner & transaction history
since 2024
Last sale
$888,500
7 recorded transactions
Zoning & alternative use
C-1 · Bakersfield, CA
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$890k
Value range
$801k – $979k
±10% around blend
Estimated value / SF
$185 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$801k
blend $890k
$979k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,802 SF
Lot area
0.15 ac
Year built
1955
Stories
1
APN
001-232-07-00-9
Zoning
C-1
Assessed value
$663,000
Annual tax
$8,055
3
Income approach: direct capitalization
Partial preview
Income approach indication
$985k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.07M
@ 6.5% CAP return
$985k
@ 7% CAP return
$915k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,055
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.15M
Range $820k – $1.46M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$890k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 54 sales
$231
-20%
Submarket 97 sales
$229
-19%
County 132 sales
$211
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $185/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
7.20%
Selected cap rate for this medical office space
Derived from the Bakersfield market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.20%
9.0%
NOI (est.)
$64k *
Last sale · Dec 2024
$889k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$882k
Move the market yield to see immediate price impact.
Value / SF
$184
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.70%7.20%7.70%
$57k
$853k
$794k
$743k
$64k
$948k
$882k
$825k
$70k
$1.04M
$971k
$908k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,055
Tax year 2023
Assessed value
$663,000
Assessed 2023
Previous assessed
$663,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$86,700
Assessed improvement
$576,300
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1955
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
2
Total area
4,802 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-1
APN
001-232-07-00-9
UPID
US09-5379397
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CAZoning C-1 · permitted uses
C-1 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-1
COMMERCIAL
Jurisdiction
Bakersfield, CA
Recorded code
C-1
Official district
C-1
Official district profile
What the municipal code says about C-1
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Bakersfield, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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