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Property profile & analytics
OFF-MARKET Estimated value $510,000
Theaters & concert halls

3510 Wible Rd Bakersfield, CA 93309-6580

11,880 SF 0.9 ac lot Built 1986
Individually Owned 4-yr Hold Free & Clear
Property ID
US10-2948477
Property summary
AI-generated overview

This exceptional 11,880-square-foot warehouse, located at 3510 Wible Road in Bakersfield, California, presents a compelling investment opportunity. Built in 1986 and significantly renovated in 2017 and 2021, this Class B property sits on a 0.9-acre lot and boasts a single story building. The property is zoned C-2 General Commercial, offering versatility for a range of industrial or retail uses. With an asking price of $2,795,000, the price per square foot is $235.27. The property's Kern County location (APN 40504038, zip code 93309) provides convenient access to major transportation routes. This well-maintained warehouse offers a solid return on investment, making it an attractive prospect for discerning buyers. The property's recent renovations ensure modern functionality and efficiency. Serious inquiries are encouraged to explore the potential of this prime Bakersfield commercial property. The property's single-story design and ample lot size provide significant operational advantages. This is a rare opportunity to acquire a well-located, updated warehouse in a thriving California market.

Property profile
Verified
Property type Theaters & concert halls
Use group AUDITORIUM
Year built 1986
Construction WOOD
Total area 11,880 SF
Lot 0.9 ac (39,204 SF)
Zoning code C-2
APN 405-040-38-00-4
UPID US10-2948477
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Letty Store Hair Salon Nail Salon
  • Moga City Palace Hotel & Motel Resort
  • Moga Palace Party Hall Wedding Service
  • Fandango City Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$649k
Blend (final) Blend
$510k
Owner & transaction history
Balbir Manik · 4 yrs held
Balbir Manik
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2014
Price N/A
2011
Price N/A
2009
Price N/A
2006
Price N/A
2005
$900,000
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $820,000 +17.5%
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