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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3001 Calloway Dr Bakersfield, CA 93312-2666

    • Retail space
    • 3,396 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2022
    $1,200,000
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    3.9%
    Retail space
    Location Intelligence
    Property ID
    US09-5247833
    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

    • Brix Lounge / Bar / Night Club

    Property Details for 3001 Calloway Dr

    Year built
    2008
    Lot size
    0.15 lot acres
    Property size
    3,396 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    450-230-25-00-1
    APU
    45023025001

    Description

    This exceptional 6,200 square-foot commercial property, located at 3001 Calloway Drive in Bakersfield, California (93312), presents a unique opportunity for a variety of businesses. Built in 2008, this single-tenant building boasts a spacious 3,396 square-foot interior, adaptable to various layouts. The property also features a significant advantage: an exclusive enclosed back courtyard adding approximately 2,805 square feet of usable space, perfect for outdoor seating or expanded operations. The zoning is C-2, allowing for a range of retail and restaurant uses, as well as daycare facilities. The property benefits from ample parking, a key asset for attracting customers. Its prime location near the intersection of Rosedale Highway and Calloway Drive ensures high visibility and accessibility. The property is strategically situated adjacent to Rosedale Village Shopping Mall and opposite the Shops at the Northwest Promenade, benefiting from significant foot and vehicle traffic. Nearby businesses include a diverse range of establishments, including a movie theater, grocery store, department store, and numerous restaurants. The area also features convenient access to major highways and nearby residential communities. This property is ideal for businesses seeking a high-traffic location with ample space and the unique benefit of a large, private outdoor area. The property's APN is 450-230-25.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,060,000
      ML approach
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $721,000
      Market price range: $234k - $721k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      MEDICAL BUILDING
      $775,000
      OFFICE BUILDING
      $715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.111
    Latitude
    35.3875
    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
    $14,629
    $800,000
    $400,000
    $1,200,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      12,600 SF

      2816 Calloway Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,600 SF
      2816 Calloway Dr, Bakersfield, CA 93312-2643
      View Details
    • Value Estimation
      $350,000
      9,144 SF

      2720 Calloway Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,144 SF
      2720 Calloway Dr, Bakersfield, CA 93312-2640
      View Details
    • Value Estimation
      $300,000
      1,475 SF

      3015 Calloway Dr, Unit D8

      RETAIL STORES (PERSONAL SERVICES) • 1,475 SF
      3015 Calloway Dr, Bakersfield, CA 93312-2657
      View Details
    • Value Estimation
      $355,000
      6,000 SF

      9411 Rosedale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      9411 Rosedale Hwy, Bakersfield, CA 93312-2133
      View Details
    • Value Estimation
      $285,000
      0.75 Acres

      2816 Calloway Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.75 Acres
      2816 Calloway Dr, Bakersfield, CA 93312-2643
      View Details
    • Value Estimation
      $305,000
      0.55 Acres

      9339 Rosedale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.55 Acres
      9339 Rosedale Hwy, Bakersfield, CA 93312-2107
      View Details

    Similar Nearby for Sale

    • $125,000
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      Established Smoke Shop Business

      Successful smoke shop business in a high-traffic Bakersfield location.
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    • $2,245,800
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      Retail Space on Calloway Drive

      Retail property in a heavily trafficked corridor in Bakersfield.
      3015 Calloway Dr, Bakersfield, CA 93312
      View Details
    • $125,000
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      Bakersfield Smoke Shop Business

      Thriving Smoke Shop, High Traffic Location
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    • $1,595,000
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      Bakersfield Commercial Property on Rosedale

      1.12-acre C-2 property with frontage on Rosedale Highway.
      9831 Rosedale Hwy, Bakersfield, CA 93312
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    • $3,600,000
      12,632 SF

      Multi-Tenant Office Building For Sale

      12,632 SF multi-tenant office building 100% leased in Bakersfield, CA.
      8302 Espresso Dr, Bakersfield, CA 93312
      View Details
    • $995,000
      0.56 Acres

      Bakersfield Commercial Land

      0.56-acre C-2 zoned lot, prime retail location.
      2500 Calloway Dr, Bakersfield, CA 93312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Bakersfield Retail Space Available

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      View Details
    • 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
      View Details
    • $975 /Mo
      12,632 SF

      Bakersfield Commercial Lot for Rent

      Fenced and gated lot near Rosedale Highway and Calloway Drive.
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    • Contact for pricing
      14,000 SF

      Bakersfield Retail Center - Prime Location

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      Riverlakes Retail Center Investment

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    • Contact for pricing
      3,375 SF

      Retail Space in Rosedale Village

      Community shopping center space in Northwest Bakersfield trade area.
      2765 Calloway Dr, Bakersfield, CA 93312
      View Details
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    3001 Calloway Dr
    Bakersfield, CA 93312-2666
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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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