Property profile

3101 Mall Vw Rd Bakersfield, CA 93306

OFF-MARKET
Turn key restaurants
Property ID
US09-0839927
8,632 SF 2.03 ac lot Built 1993
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction WOOD
Total area 8,632 SF
Lot 2.03 ac (88,426 SF)
Zoning code P.C.D.
APN 130-161-68-00-0
UPID US09-0839927

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
  • County Government Office

Location

3101 Mall Vw Rd Bakersfield, CA 93306-3059
Bakersfield metro Census 904 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.30M

Owner & transaction history

since 2023
Last sale
$1.6M
3 recorded transactions
2023
$1.6M
2004
Price N/A
1999
$550,000

Zoning & alternative use

P.C.D. · Bakersfield, CA

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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