Property profile

3000 Union Ave Bakersfield, CA 93305

FOR LEASE
Retail space
Property ID
US09-1208933
3,144 SF 0.18 ac lot Built 1945
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,332 square foot warehouse, located at 3000 Union Ave in Bakersfield, California, presents a compelling investment opportunity. Priced at $899,900 ($142.12/sq ft), this property sits on a 0.18-acre lot and boasts a C-2 zoning designation. Built in 1945, the structure offers significant potential. The property's location in the desirable lower Alta Vista area ensures high visibility and accessibility. The warehouse is uniquely configured to allow for division into two separate storefronts, each with its own address and APN (01206106 and 01206105). This dual-unit potential significantly enhances the property's investment value, providing flexibility for owner-occupancy or leasing to multiple tenants. The property's address is 3000 Union Ave, Bakersfield, CA 93305, with Kern County as the county of location. This presents a rare chance to acquire a well-situated warehouse in a thriving area, offering both immediate income potential and long-term appreciation prospects. The property's versatility and prime location make it an ideal asset for both seasoned investors and discerning owner-users seeking a strong return on investment. The combined APNs are 01206106 and 01206105.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD
Total area 3,144 SF
Lot 0.18 ac (7,840 SF)
APN 012-061-06-00-0
UPID US09-1208933

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3000 Union Ave Bakersfield, CA 93305
Bakersfield metro Census 701 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2023
Last sale
$450,000
5 recorded transactions
2023
$450,000
2023
Price N/A
2019
Price N/A
2019
Price N/A
1976
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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