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    4306 Ming Ave Bakersfield, CA 93309

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    4306 Ming Ave Bakersfield, CA 93309

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    • Retail space
    • 14,490 SF
    • 1.16 lot acres
    For Lease
    $1,915,000
    View Listing →
    Retail Complex on Ming Avenue For Lease
    $1,915,000
    14,490 SF

    Retail Complex on Ming Avenue

    132,469 sq ft retail complex with high visibility.

    4306 Ming Ave, Bakersfield, CA
    View Listing
    Property ID
    US09-3084265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frances Lopez, PHD / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • Walgreens / Cosmetic Store
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 4306 Ming Ave

    Year built
    2002
    Construction
    WOOD
    Lot size
    1.16 lot acres
    Property size
    14,490 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    164-232-76-00-7
    APU
    16423276007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,315,000
      6.5%
      $2,135,000
      7%
      $1,980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,770,000
      Market price range: $444k - $1.78M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,060,000
      Current use
      AUTO REPAIR, GARAGE
      $2,310,000
      Change: +12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,045,000
      Change: -1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,955,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.051
    Latitude
    35.3404
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,036
    $1,705,257
    $2,516,405
    $4,221,662
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,910,000
      43,081 SF

      3792 Ming Ave

      RETAIL STORES (PERSONAL SERVICES) • 43,081 SF
      3792 Ming Ave, Bakersfield, CA 93309-5000
      View Details
    • Value Estimation by Request
      1,692 SF

      200 Stine Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,692 SF
      200 Stine Rd, Bakersfield, CA 93309-3267
      View Details
    • Value Estimation
      $3,090,000
      30,386 SF

      5000 Stockdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 30,386 SF
      5000 Stockdale Hwy, Bakersfield, CA 93309-2650
      View Details
    • Value Estimation
      $1,530,000
      0.56 Acres

      4625 Ming Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.56 Acres
      4625 Ming Ave, Bakersfield, CA 93309-4821
      View Details
    • Value Estimation
      $580,000
      5,200 SF

      2700 New Stine Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      2700 New Stine Rd, Bakersfield, CA 93309-5795
      View Details
    • Value Estimation
      $1,025,000
      6,373 SF

      4646 Ming Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,373 SF
      4646 Ming Ave, Bakersfield, CA 93309-4822
      View Details

    Similar Nearby for Sale

    • $8,000,000
      30,388 SF

      Bakersfield Retail Center - Prime Location

      Vacant 30,388 SF Shopping Center
      5000 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      7,600 SF

      Restaurant Space Coming Soon

      7,600 SF restaurant space available for rent.
      4647 White Ln, Bakersfield, CA 93309
      View Details
    • $2,450,000
      37,897.00 Acres

      Bakersfield Restaurant - For Sale

      Prime Restaurant Location, High Traffic Area
      5544 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Bakersfield Land For Sale

      C-2 zoned land suitable for medical or general office uses.
      4935 Commerce Dr, Bakersfield, CA 93309
      View Details
    • $238,000
      0.49 Acres

      Residential Land in Bakersfield, CA

      Large lot ready for building in Bakersfield, California.
      360 Garnsey Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      4,505 SF

      Four-Unit Multifamily Property

      Multifamily property featuring four units.
      2421 Westholme Blvd, Bakersfield, CA 93309
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      5625 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Bakersfield, CA

      Retail space available for lease in Bakersfield, California.
      3401 Wilson Rd, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      684 SF

      Retail Space on Stockdale Highway

      In-line retail space available for lease on Stockdale Highway.
      4703-5021 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      1,456 SF

      Retail Space on Stockdale Highway

      End cap retail space available for rent.
      4950 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      30,312 SF

      Retail Anchor Space Available

      Retail space available in Bakersfield with high traffic counts.
      4751 White Ln, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      1,858 SF

      Retail End Cap Space

      Retail space available for rent.
      7850-8040 White Ln, Bakersfield, CA 93309
      View Details

    Property Visit Statistics

    • Visits by month
      16.3k
    • Visitors by month
      12.4k
    • Avg Time on site
      5 min
    View Listing
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    Bakersfield, CA 93309
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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