Technical
Financial
Distress signals
Property profile

2000 Un Ave Bakersfield, CA 93305

OFF-MARKET
Auto shops
Property ID
US09-3246839
2,415 SF 0.25 ac lot Built 1945
Individually Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This freestanding, 2,415 sq ft auto shop in Bakersfield, CA, presents a unique investment opportunity. Located on a busy Union Avenue corner lot (0.25 acres) with high daily traffic (+33,000 CPD), this single-story, Class C building boasts six auto bays, four automotive lifts, a smog dyno, and five functional roll-up doors. The 10-11' clearance height provides ample space for various automotive services. Additional features include an office, storage room, and a fenced private rear yard with an outside air compressor and small canopy. The property benefits from central HVAC (office) and gas heaters (shop). Four points of ingress/egress enhance accessibility. A significant advantage is the existing billboard lease with Lamar (NASDAQ: LAMR), generating $1,800 annual rent plus performance-based bonuses, with 10 years remaining on a 20-year lease. The M1 zoning allows for flexibility, potentially accommodating a drive-thru food service or retail conversion. This turnkey operation is fully fixturized and includes specialized improvements. The property's prime location near the 178 Highway, Downtown Bakersfield, and Highways 99 and 58 makes it highly attractive. The asking price is $650,000, with a price per square foot of $269.15. APN: 016-140-15-00-0. Fee simple ownership.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1945
Construction WOOD
Total area 2,415 SF
Lot 0.25 ac (10,890 SF)
Zoning code M-1
APN 016-140-15-00-0
UPID US09-3246839

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
  • Airport
  • Auto Repair Shop
  • Restaurant

Location

2000 Un Ave Bakersfield, CA 93305-5152
Bakersfield metro Census 1500 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2004
3 recorded transactions
2004
$168,000
2001
Price N/A
1975
$22,000

Zoning & alternative use

M-1 · Bakersfield, CA
Zoning description

The intent of M-1 zone is to promote light manufacturing and related uses

General category INDUSTRIAL

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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