Technical
Financial
Distress signals
Property profile

324 Oak St Bakersfield, CA 93304

OFF-MARKET
Strip malls
Property ID
US09-2983141
54,671 SF 1.28 ac lot Built 1971
Individually Owned 11-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Oak Street Village offers two exceptional retail spaces for lease, totaling 2,904 square feet. This established strip center is ideally situated in Kern County, boasting excellent visibility and ample parking. The property benefits from a high-traffic location near the intersection of Highway 99 and Highway 58, experiencing 16,537 cars daily on Oak Street. The surrounding area features a well-established residential community, providing a strong customer base for potential tenants. The existing tenant mix comprises a variety of local services and retail businesses, creating a synergistic environment. Each available space offers significant potential for a variety of retail uses. Space one measures 1,400 square feet, while space two offers 1,504 square feet. The property's strategic location and strong existing tenant mix make it an attractive opportunity for businesses seeking high visibility and access to a substantial customer base. This is a prime opportunity to establish or expand your retail presence in a thriving Kern County community. Contact us today to learn more about leasing opportunities and explore the potential of Oak Street Village.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Construction WOOD
Total area 54,671 SF
Lot 1.28 ac (55,756 SF)
APN 008-020-10-00-1
UPID US09-2983141

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
  • Insurance Agency
  • Social Service Agency Medical Clinic
  • Tax Preparation
  • Physician
  • Hair Salon Nail Salon

Location

324 Oak St Bakersfield, CA 93304-1739
Bakersfield metro Census 1901 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
$5.66M
Blend (final) Blend
$4.16M

Owner & transaction history

since 2014
4 recorded transactions
2014
Price N/A
2008
Price N/A
2005
Price N/A
1969
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 324 Oak St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message