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Property profile & analytics
FOR LEASE
Medical Office Space
2725 16Th St Bakersfield, CA 93301
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2099720
For Lease
1 / 9
$45 SF/Yr
2725 16Th St, Bakersfield, CA 93301
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 2725 16th Street in Bakersfield, CA 93301, offers 6,676 square feet of move-in ready space. Built in 2009, this two-story building is zoned M-1 and features a single tenancy. The property boasts an AAAHC accredited and Medicare certified surgery center, ideal for immediate occupancy. The ground floor comprises approximately 4,900 square feet, including 2,761 square feet of clinical medical space and 2,139 square feet of surgery suite space. The surgery suite is equipped with two operating rooms, three recovery areas, a nurses' station, clean and dirty supply areas, and two ADA-compliant restrooms. The second floor provides approximately 1,776 square feet of versatile general office support space. The building's prime location in downtown Bakersfield offers convenient access to Mercy Hospital and other vital healthcare resources. The seller will consider the sale of existing equipment at an additional cost. This is a rare opportunity to acquire a fully operational, high-quality medical facility in a thriving market. APN: 004-150-10.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD
Total area
7,291 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M1
APN
004-150-10-00-1
UPID
US09-2099720
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
-
Moelleken Alan MD Physician Medical Clinic
-
The Spine and Orthopedic Center Medical Clinic Physician
-
Sam Mobile Toilet Rental Party Supply Store Rental Equipment Company
-
Kenneth Nisbet Physician
-
Ben Dirkx Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.42M
Owner & transaction history
2725 16th Street LLC · 14 yrs held
2725 16th Street LLC
since 2011
2 recorded transactions
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bakersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bakersfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,385,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,685,000
Current use
OFFICE BUILDING
$1,445,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,661
Tax year 2023
Assessed value
$1,388,304
Assessed 2023
Previous assessed
$1,388,304
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$64,507
Assessed improvement
$1,323,797
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2009
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
2
Total area
7,291 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M1
APN
004-150-10-00-1
UPID
US09-2099720
Jurisdiction
KERN
Zoning & alternative use
M1 · Bakersfield, CA
Zoning M1 · permitted uses
M1 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
2725 16th Street LLC
Entity
Mailing address
401 E CARRILLO ST, SANTA BARBARA, CA 93101-1460
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2011
—
2725 16th Street LLC
—
Trustees Deed
related
$1,456,000 · Bank Of America
—
—
2725 16th Street LLC
—
Deed Of Trust
related
$160,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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