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4300 Ming Ave, Bakersfield, CA 93309
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Property summary
AI-generated overview
This 132,469 square foot retail center, built in 2000, is strategically located at the northwest corner of Ming Avenue and Stine Road, offering excellent visibility and accessibility. The property boasts a C-2 zoning designation and comprises 17 suites in total. Currently, two spaces are available for lease: Suite 4404, measuring approximately 1,470 square feet, with an asking rent of $1.55 per square foot NNN; and Suite 4340, offering approximately 9,000 square feet at $1.25 per square foot NNN. The center benefits from a prominent pylon sign opportunity on Ming Avenue, ensuring high brand visibility. Its prime location provides convenient access to the California State Route 99 on and off ramps, approximately 0.53 miles away. The high traffic volume of approximately 50,417 vehicles per day contributes to a strong customer base. Ample parking is available, with approximately 518 stalls providing a parking ratio of roughly 3.91 stalls per 1,000 square feet. A total of 10,470 square feet is currently vacant within the center, presenting a unique opportunity for expansion or diversification. The property's APN is 164-232-80-00-8 & 164-232-76-00-7.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
WOOD
Total area
120,335 SF
Lot
9.7 ac (422,531 SF)
Zoning code
C-2-D
APN
164-232-80-00-8
UPID
US09-2486250
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
-
Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.15M
Owner & transaction history
since 2019
2 recorded transactions
Zoning & alternative use
C-2-D · Bakersfield, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.15M
Value range
$12.73M – $15.56M
±10% around blend
Estimated value / SF
$118 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$12.73M
blend $14.15M
$15.56M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
120,335 SF
Lot area
9.7 ac
Year built
2000
Stories
1
APN
164-232-80-00-8
Zoning
C-2-D
Assessed value
$15,288,179
Annual tax
$180,587
3
Income approach: direct capitalization
Partial preview
Income approach indication
$19.00M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$20.58M
@ 6.5% CAP return
$19.00M
@ 7% CAP return
$17.64M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 25 sales
$345
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $118/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.29M
Move the market yield to see immediate price impact.
Value / SF
$127
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$963k
$19.26M
$13.76M
$10.70M
$1.07M
$21.40M
$15.29M
$11.89M
$1.18M
$23.54M
$16.82M
$13.08M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$180,587
Tax year 2023
Assessed value
$15,288,179
Assessed 2023
Previous assessed
$15,288,179
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$6,135,926
Assessed improvement
$9,152,253
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
19
Total area
120,335 SF
Lot
9.7 ac (422,531 SF)
Zoning code
C-2-D
APN
164-232-80-00-8
UPID
US09-2486250
Jurisdiction
KERN
Zoning & alternative use
C-2-D · Bakersfield, CAZoning C-2-D · permitted uses
C-2-D · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
19
Lot
9.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2-D
Jurisdiction
Bakersfield, CA
Recorded code
C-2-D
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2-D in Bakersfield, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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