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Property profile & analytics
OFF-MARKET Estimated value $590,000
Medical Office Space

3550 Q St Bakersfield, CA 93301-1662

4,092 SF 2.24 ac lot Built 1983
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US09-3668513
Property summary
AI-generated overview

This exceptional three-story medical office building, totaling 35,000 square feet, presents a unique investment opportunity in Kern County. Located at 3550 Q Street, near Memorial Hospital, this property boasts a prime location and excellent accessibility. The building features 179 parking spaces, exceeding the typical ratio for a facility of this size, ensuring ample parking for patients and staff. Convenient access is provided by an elevator and two stairwells. Currently, there is 5,202 square feet of vacant space available, offering immediate potential for expansion or new tenancy. Individual suites are metered separately for efficient utility management. The building is situated on a substantial 97,675.13 square foot lot and benefits from prominent monument signage on Q Street. Built in 1980, the building is zoned Commercial/Office and is comprised of multiple tenancies. The property's APN is 120-400-02,03,04,05,06. One available suite, approximately 1,266 square feet, is currently listed for sale or lease. The building is managed by a homeowner's association. This property offers a compelling opportunity for medical professionals seeking a well-established and conveniently located practice space. The cross street is 36th Street.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction WOOD
Total area 4,092 SF
Lot 2.24 ac (97,574 SF)
Zoning code C-O
APN 120-400-06-00-9
UPID US09-3668513
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
  • LabCorp Medical Laboratory Blood Testing Service
  • Lags Medical Centers Physician
  • Dr. Robert A. Shankerman, MD Physician
  • Dr. Shweta Agarwal, MD Physician
  • Shah Amit MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$698k
Blend (final) Blend
$590k
Owner & transaction history
Lags 50 LLC · 8 yrs held
Lags 50 LLC
since 2017
Last sale
$655,000
4 recorded transactions
2017
$392,000
2013
$1.8M
2011
$2.3M
2005
Price N/A
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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