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    Property profile & analytics

    2725 16Th St Bakersfield, CA 93301

    • Medical Office Space
    • 7,291 SF
    • 0.17 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2099720
    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.

    Current Use by 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

    Property Details for 2725 16Th St

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    7,291 SF
    Zone code
    M1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    004-150-10-00-1
    APU
    415010001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,452,000
      Market price range: $664k - $1.45M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,685,000
      Current use
      OFFICE BUILDING
      $1,445,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.034
    Latitude
    35.3721
    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
    $16,661
    $64,507
    $1,323,797
    $1,388,304
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,475 SF

      2323 16th St Ste, Unit 102

      MEDICAL BUILDING • 1,475 SF
      2323 16th St Ste, Bakersfield, CA 93301-3453
      View Details
    • Value Estimation by Request
      1,256 SF

      2323 16th St Ste, Unit 502

      MEDICAL BUILDING • 1,256 SF
      2323 16th St Ste, Bakersfield, CA 93301-3454
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    • Value Estimation by Request
      1,143 SF

      2323 16th St Ste, Unit 507

      MEDICAL BUILDING • 1,143 SF
      2323 16th St Ste, Bakersfield, CA 93301-3454
      View Details
    • Value Estimation by Request
      2,123 SF

      3550 Q St Ste, Unit 101

      MEDICAL BUILDING • 2,123 SF
      3550 Q St Ste, Bakersfield, CA 93301-1645
      View Details
    • Value Estimation by Request
      1,881 SF

      3550 Q St

      MEDICAL BUILDING • 1,881 SF
      3550 Q St, Bakersfield, CA 93301-1662
      View Details
    • Value Estimation
      $1,305,000
      6,589 SF

      2400 K St

      MEDICAL BUILDING • 6,589 SF
      2400 K St, Bakersfield, CA 93301-4030
      View Details

    Similar Nearby for Sale

    • $3,200,000
      11,749 SF

      San Dimas Medical Office Complex

      Bakersfield, CA: 100% Occupied Medical Office Buildings
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    • $2,500,000
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      Bakersfield Surgery Center For Sale

      Accredited surgery center, turnkey opportunity.
      2725 16Th St, Bakersfield, CA 93301
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    • $675,000
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    • $395,000
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      Downtown Bakersfield Medical Office

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      Medical Office Near Adventist Health

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    • $280,000
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      Medical Office Condos For Sale

      Two renovated medical office suites near Memorial Hospital.
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    Similar Nearby for Lease

    • $19 SF/Yr
      57,317 SF

      Downtown Bakersfield Medical Office

      Prime medical office space, 24,796 SF available.
      2323 16Th St, Bakersfield, CA 93301
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    • Contact for pricing
      84,000 SF

      Downtown Bakersfield Medical Office Space

      Class A medical office, 2,000-28,711 SF available
      625 34Th St, Bakersfield, CA 93301
      View Details
    • $45 SF/Yr
      6,676 SF

      Bakersfield Medical Office Building

      Downtown Bakersfield surgery center, fully equipped.
      2725 16Th St, Bakersfield, CA 93301
      View Details
    • $21 SF/Yr
      2,123 SF

      Medical Office Suite Bakersfield

      Prime Medical Office Space near Memorial Hospital
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $3,000 /Mo
      2,123 SF

      Medical Office Suites For Lease

      Renovated medical office suites available for lease near Memorial Hospital.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • Contact for pricing
      3,002 SF

      Move-in Ready Medical Office Space

      Medical office space near hospitals with secured parking.
      1215 34Th St, Bakersfield, CA 93301
      View Details
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    Bakersfield, CA 93301
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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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