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Property profile & analytics
OFF-MARKET Estimated value $2,950,000
Retail space

3699 Ming Ave Bakersfield, CA 93309-5169

16,177 SF 0.94 ac lot Built 1989
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US09-0091941
Property summary
AI-generated overview

This exceptional Bakersfield retail property, Ming & Real Plaza, offers 15,556 square feet of prime commercial space in a thriving location. The single-building strip center features seven suites, with four currently available, ranging from 1,200 to 6,276 contiguous square feet. Suite H (1,200 sq ft) is a former restaurant with existing kitchen improvements, while Suite J (1,852 sq ft) and Suite I (3,224 sq ft) offer versatile layouts. These three suites can be combined to create a large 6,276 sq ft space. Additionally, Suite D offers approximately 2,000 sq ft. The property boasts a highly visible location on Ming Avenue, experiencing traffic counts exceeding 44,239 vehicles per day, and is conveniently situated 0.3 miles west of Highway 99, a major thoroughfare with over 153,000 vehicles per day. This high-traffic area is further enhanced by its proximity to The Valley Plaza, Bakersfield's regional mall, and strong neighboring tenants including 99 Cents Only Stores, The Hope Depot, DD's Discounts, and Ross. The property is zoned C-2 within the City of Bakersfield, providing flexibility for a variety of retail uses. This is a rare opportunity to secure a well-located retail space in a high-traffic area of Bakersfield, California. The total vacant space is 8,276 square feet. The minimum divisible space is 1,200 square feet.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction WOOD
Total area 16,177 SF
Lot 0.94 ac (40,946 SF)
Zoning code C2
APN 440-131-09-00-0
UPID US09-0091941
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
  • A Almost Free Alterations (Bike/Boat/Book/etc) Store
  • King of Smoke & Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Ming & Real Plaza Shopping Center & Mall
  • Smart Buy Appliances Liqudation Home Appliance Store Hardware & Home Improvement
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.39M
Comparable Approach Comparable
$3.44M
Blend (final) Blend
$2.95M
Owner & transaction history
Dharama Plaza LLC · 2 yrs held
Dharama Plaza LLC
since 2024
Last sale
$3.5M
4 recorded transactions
2024
$3.5M
2005
$3.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.7M +60.8%
Office building $3.6M +55.8%
Auto repair, garage $2.6M +12.0%
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