Technical
Financial
Distress signals
Property profile

301 Espee St Bakersfield, CA 93301

FOR LEASE
Industrial properties
Property ID
US09-2786378
51,002 SF 1.5 ac lot Built 1954
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 20,560-square-foot industrial property, located at 301 Espee Street #C in Bakersfield, California's vibrant Downtown submarket (Union Avenue cluster), presents a significant opportunity. The single-tenant warehouse/flex space is entirely vacant and ready for immediate occupancy. The building boasts three convenient drive-in doors, ensuring efficient loading and unloading operations. Power is robust, featuring 1100 Amps, 277/480 V, 3-phase service, suitable for a wide range of industrial applications. The property is zoned M-2 by the City of Bakersfield, allowing for diverse industrial uses. Its strategic location within the Downtown submarket, specifically the Union Avenue cluster, provides excellent access to major transportation routes and a thriving business community. This property is part of a larger multi-tenant complex, offering potential for synergy and shared resources. The 93301 zip code further underscores its prime location within Bakersfield. With its ample square footage, robust power supply, and convenient access, this warehouse/flex space is perfectly suited for businesses seeking a versatile and strategically located industrial facility. Don't miss this chance to secure this exceptional property.

Property profile

Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1954
Construction WOOD
Total area 51,002 SF
Lot 1.5 ac (65,340 SF)
Zoning code M-2
APN 005-010-02-01-3
UPID US09-2786378

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Building Supply Electrical Service
  • Metal Fabrication Plant Factory
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • HVAC Service General Contractor

Location

301 Espee St Bakersfield, CA 93301
Bakersfield metro Census 603 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$865k

Owner & transaction history

since 2005
4 recorded transactions
2022
Price N/A
2017
Price N/A
2005
Price N/A
2005
Price N/A

Zoning & alternative use

M-2 · Bakersfield, CA
Zoning description

The intent of M-1 zone is to promote general industrial manufacturing and related uses

General category INDUSTRIAL

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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