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

    3101 Mall Vw Rd Bakersfield, CA 93306-3059

    • Turn key restaurants
    • 8,632 SF
    • 2.03 lot acres
    OFF-MARKET
    Last Sale
    Oct 31, 2023
    $1,600,000
    Value Estimations
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0839927
    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

    • Community Action Partnership of Kern - Central Kitchen / County Government Office

    Property Details for 3101 Mall Vw Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    2.03 lot acres
    Property size
    8,632 SF
    Zone code
    P.C.D.
    Property type
    Turn key restaurants
    APN
    130-161-68-00-0
    APU
    13016168000

    Description

    This exceptional 8,632-square-foot freestanding building, situated on a spacious 2.03-acre lot, presents a unique investment opportunity in Northeast Bakersfield. Built in 1996, this single-story structure previously operated as a restaurant and is ideally located within the thriving East Hills Mall Development area, a primary retail hub serving the Northeast Bakersfield community. The property benefits from high visibility and excellent access, surrounded by established national retailers including Office Max, Home Depot, Target, Walmart, Big Lots, Big 5 Sporting Goods, and dd's Discounts. The planned City Lights Shopping Center further enhances the area's retail appeal and projected growth. The building's single-tenant configuration offers flexibility for a variety of uses, and the expansive lot provides ample space for potential expansion or outdoor amenities. This property is also available for a ground lease, providing additional investment options. The address is 3101 Mall View Road, Bakersfield, CA 93306. This prime location and substantial building size make this an attractive proposition for discerning investors seeking a strong foothold in a dynamic retail market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000
      ML approach
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,062,000
      Market price range: $1.06M - $5.51M
      AI Estimate
      $1,026,000
      Market price range: $1.03M - $1.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.958
    Latitude
    35.3935
    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
    $511
    $324,996
    $542,832
    $867,828
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $470,000
      2,472 SF

      2641 Mt Vernon Ave

      RESTAURANT • 2,472 SF
      2641 Mt Vernon Ave, Bakersfield, CA 93306-2900
      View Details
    • Value Estimation
      $515,000
      4,758 SF

      2684 Mt Vernon Ave

      RESTAURANT • 4,758 SF
      2684 Mt Vernon Ave, Bakersfield, CA 93306-2923
      View Details
    • Value Estimation
      $325,000
      1,565 SF

      2657 Mt Vernon Ave

      RESTAURANT • 1,565 SF
      2657 Mt Vernon Ave, Bakersfield, CA 93306-2900
      View Details
    • Value Estimation
      $400,000
      1,976 SF

      3228 Niles St

      RESTAURANT • 1,976 SF
      3228 Niles St, Bakersfield, CA 93306-4369
      View Details
    • Value Estimation
      $305,000
      524 SF

      2931 Niles St

      RESTAURANT • 524 SF
      2931 Niles St, Bakersfield, CA 93306-4246
      View Details
    • Value Estimation
      $400,000
      2,817 SF

      3807 Auburn St

      RESTAURANT • 2,817 SF
      3807 Auburn St, Bakersfield, CA 93306-2760
      View Details

    Similar Nearby for Sale

    • $495,000

      Established Hungry Howie's Pizza Restaurant

      Turn-key Hungry Howie's Pizza in Bakersfield, CA for sale.
      2211 Niles Pt, Bakersfield, CA 93306
      View Details
    • $495,000

      Established Hungry Howie's Pizza Restaurant

      Turn-key Hungry Howie's Pizza restaurant for sale in Bakersfield, CA.
      2209 Niles Pt, Bakersfield, CA 93306
      View Details
    • $3,537,000
      3,982 SF

      Prime York County Warehouse Space

      53,432 SF Warehouse/Office - Lease
      2658 Mount Vernon Ave, Bakersfield, CA 93306
      View Details
    • $1,950,000
      8,700 SF

      Bakersfield Mixed-Use Redevelopment

      1.76-acre prime retail redevelopment opportunity.
      2503 Niles St, Bakersfield, CA 93306
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    • $1,604,889
      3,040 SF

      Retail Property in Bakersfield, CA

      Retail property featuring 3,040 square feet of space.
      3701 Auburn St, Bakersfield, CA 93306
      View Details
    • $425,000

      Renovated Commercial Retail Building

      Commercial retail building with three units and back space.
      2625 Niles St, Bakersfield, CA 93306
      View Details

    Similar Nearby for Lease

    • $1,650,000
      5,587 SF

      Former Restaurant Building on Corner Lot

      Vacant stand-alone building in a strategic location with ample parking.
      2673 Mount Vernon Ave, Bakersfield, CA 93306
      View Details
    • Contact for pricing
      5,000 SF

      Bakersfield Retail Space For Lease

      Prime Bakersfield storefront, 5,000 sq ft.
      6151 Niles St, Bakersfield, CA 93306
      View Details
    • Contact for pricing
      350,000 SF

      City Lights Retail Power Center

      Highway 178: Prime Retail Space Available
      3000 Mall View Rd, Bakersfield, CA 93306
      View Details
    • Contact for pricing
      7,002 SF

      Retail Space on Niles Street

      7,002 SF retail space with high visibility in Bakersfield.
      6473 Niles St, Bakersfield, CA 93306
      View Details
    • Contact for pricing
      37,160 SF

      East Hills Plaza Retail Center

      Bakersfield Shopping Center - 37,160 SF
      2611 Fashion Pl, Bakersfield, CA 93306
      View Details
    • Contact for pricing
      43,515 SF

      Bakersfield Retail Center Development

      Prime Northeast Bakersfield location, 43,515 sqft.
      0 Bakersfield Ca, Bakersfield, CA 93306
      View Details
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    Bakersfield, CA 93306-3059
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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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