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    2701 Calloway Dr Bakersfield, CA 93312-2621
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    Property profile & analytics

    2701 Calloway Dr Bakersfield, CA 93312-2621

    View on Map
    • Strip malls
    • 14,350 SF
    • 1.19 lot acres
    Off-Market
    Property ID
    US09-1255156
    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
    $1,945,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rosedale Dental Studio / Dental Office
    • Calloway Family Dentistry / Dental Office
    • Five Guys / Restaurant / Take-out & Catering
    • Ryan James DC / Alternative Medicine Practice
    • Ryan Chiropractic - Bakersfield Family Chiropractor / Alternative Medicine Practice

    Property Details for 2701 Calloway Dr

    Year built
    1991
    Construction
    WOOD
    Lot size
    1.19 lot acres
    Property size
    14,350 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    450-052-44-00-8
    APU
    45005244008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.112
    Latitude
    35.3839
    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
    $27,542
    $721,985
    $1,588,370
    $2,310,355
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,770,000
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      9901 Hageman Rd

      SHOPPING CENTER, STRIP CENTER • 26,443 SF
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    • Value Estimation
      $3,890,000
      27,500 SF

      5423 Calloway Dr

      SHOPPING CENTER, STRIP CENTER • 27,500 SF
      5423 Calloway Dr, Bakersfield, CA 93312-9724
      View Details
    • Value Estimation
      $2,580,000
      12,763 SF

      9500 Brimhall Rd

      SHOPPING CENTER, STRIP CENTER • 12,763 SF
      9500 Brimhall Rd, Bakersfield, CA 93312-2232
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    • Value Estimation
      $3,500,000
      16,882 SF

      11200 Olive Dr

      SHOPPING CENTER, STRIP CENTER • 16,882 SF
      11200 Olive Dr, Bakersfield, CA 93312-5840
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    • Value Estimation
      $7,675,000
      58,294 SF

      9600 Hageman Rd

      SHOPPING CENTER, STRIP CENTER • 58,294 SF
      9600 Hageman Rd, Bakersfield, CA 93312-3958
      View Details
    • Value Estimation by Request
      1.75 Acres

      11024 Olive Dr

      SHOPPING CENTER, STRIP CENTER • 1.75 Acres
      11024 Olive Dr, Bakersfield, CA 93312-5841
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,056 SF

      Established Smoke Shop Business

      Successful smoke shop business in a high-traffic Bakersfield location.
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      3,056 SF

      Established Smoke Shop Business

      Successful smoke shop business for sale in Bakersfield, California.
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    • $1,900,000

      Commercial Land on Rosedale Highway

      Land on heavily traveled Rosedale Hwy with excellent demographics.
      12700 Rosedale Hwy, Bakersfield, CA 93312
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      7,880 SF

      Retail Space on Calloway Drive

      Retail property in a heavily trafficked corridor in Bakersfield.
      3015 Calloway Dr, Bakersfield, CA 93312
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      Calloway Drive Retail Redevelopment Site

      Prime commercial land for retail redevelopment in a high-traffic location.
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      Land on Retail Corridor

      Land available on a dominant retail corridor.
      9711 Rosedale Hwy, Bakersfield, CA 93312
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    Similar Nearby for Lease

    • $1.65 SF/Yr

      Retail Space on Rosedale Highway

      Retail space with high visibility on a busy thoroughfare.
      9910 Rosedale Hwy, Bakersfield, CA 93312
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      Retail Space in Orchard Center

      Retail space available in established NW Bakersfield shopping center.
      10606 Hageman Rd, Bakersfield, CA 93312
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      Grocery Anchored Shopping Center Space

      Neighborhood shopping center with grocery and drug store anchors.
      9440 Hageman Rd, Bakersfield, CA 93312
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      Retail Space in Northwest Bakersfield

      Retail space with modern design, high traffic, and easy access.
      10500-10618 Hageman Rd, Bakersfield, CA 93312
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    • Contact for pricing
      2,500 SF

      Retail Space Available For Rent

      2,500 SF retail space for rent in Bakersfield, CA.
      5613 Calloway Dr, Bakersfield, CA 93312
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    • Contact for pricing

      Medical and Professional Office Space

      Medical and professional office space in Bakersfield, California.
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      View Details
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    Bakersfield, CA 93312-2621
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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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    2701 Calloway Dr, Bakersfield, CA, 93312
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