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Property profile & analytics
OFF-MARKET Estimated value $555,000
Medical Office Space

2501 H St Bakersfield, CA 93301-2801

2,602 SF 0.23 ac lot Built 1977
Trust Owned 7-yr Hold Free & Clear
Property ID
US09-5262729
Property summary
AI-generated overview

This exceptional 1-story, Class B medical office building, totaling 2,667 square feet, presents a fantastic opportunity. Located in prime downtown Bakersfield, adjacent to Adventist Health Hospital, a top-rated US hospital, this multi-tenant property offers immediate access to a thriving patient base. The building, constructed in 1977 and recently renovated, features a 1,500 square foot vacant suite ideal for a variety of medical practices. This suite includes four exam rooms, a breakroom, a shared waiting area, restrooms, and an executive office with its own private restroom. The building also boasts 17 on-site parking spaces, ensuring ample convenience for both staff and patients. The property's strategic location near SR 204 and SR 178 provides excellent visibility and accessibility. With prominent signage opportunities, this freestanding building offers a high-profile presence in a bustling medical corridor. The existing tenant occupies the remaining 1,167 square feet. This is a rare chance to secure a well-maintained, conveniently located medical office space in a high-demand area. Don't miss this chance to establish or expand your practice in a thriving medical hub.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1977
Construction WOOD FRAME
Total area 2,602 SF
Lot 0.23 ac (10,018 SF)
Zoning code C-O
APN 001-281-14-00-7
UPID US09-5262729
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
  • Dr Samadi Medical Clinic
  • Amirpour Vahdatyar MD Physician
  • Miller Geoffrey M MD Pediatrician
  • Go Go Mini-Mart Grocery & Convenience Store
  • Wafika M Fahmy MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
$535k
Comparable Approach Comparable
$518k
Blend (final) Blend
$555k
Owner & transaction history
Erro Family Trust · 7 yrs held
Erro Family Trust
since 2018
Last sale
$580,000
3 recorded transactions
2018
$555,000
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $900,000 +49.1%
Auto repair, garage $855,000 +41.8%
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