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    Property profile & analytics

    500 Old River Rd Bakersfield, CA 93311

    • Medical offices
    • 1,195 SF
    For Lease
    View listing
    Value Estimations
    $320,000
    Cap Rate Potential
    4.4%
    Medical offices
    Location Intelligence
    Property ID
    US09-3164886
    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.

    Current Use by Public Records

    • GMA Healthcare Providers / Hospital
    • Mercy Plaza Dental Group / Dental Implants Periodontist / Pediatric Dentist
    • Berry Family Dentistry / Dentist / Cosmetic Dentist
    • Periodontist - Dr Elisa Sin DMD, MSD / Dental Implants Periodontist / Dentist
    • Oral & Facial Specialists: Alan Esla, MD / Dental Implants Periodontist / Oral And Maxillofacial Surgeon

    Property Details for 500 Old River Rd

    Year built
    1993
    Construction
    WOOD
    Property size
    1,195 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    390-440-17-00-2
    APU
    39044017002

    Description

    This exceptional two-story medical office building, totaling 40,000 square feet, offers 11,279 square feet of immediately available space in the desirable Southwest Bakersfield submarket. Located on the Dignity Health Mercy Southwest Hospital campus, this property benefits from a prime location adjacent to California State University Bakersfield and the US Post Office. The building features convenient elevator service and ample parking, enhancing accessibility for both patients and staff. The existing tenancy includes long-term, established medical professionals, creating a strong and supportive professional community. The property's strategic location provides excellent walkability to nearby retail and restaurants, offering convenience and a vibrant atmosphere. A new signalized entry from Stockdale Highway ensures easy access and high visibility. This is an unparalleled opportunity for medical practices seeking a prestigious and well-connected location within a thriving healthcare hub. The building's design and amenities cater specifically to the needs of medical professionals, making it an ideal space for expansion or relocation. The available space is adaptable to various medical specialties and practice sizes. Don't miss this chance to secure a prominent presence in one of Bakersfield's most sought-after medical office locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $210,000
      Market price range: $188k - $365k
      AI Estimate
      $229,000
      Market price range: $108k - $427k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.113
    Latitude
    35.3513
    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
    $3,367
    $16,934
    $209,078
    $226,012
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $475,000
      6,250 SF

      9900 Stockdale Hwy Ste, Unit 107

      MEDICAL BUILDING • 6,250 SF
      9900 Stockdale Hwy Ste, Bakersfield, CA 93311-3633
      View Details
    • Value Estimation
      $425,000
      5,394 SF

      500 Old Riv Rd Ste, Unit 170

      MEDICAL BUILDING • 5,394 SF
      500 Old Riv Rd Ste, Bakersfield, CA 93311-9505
      View Details
    • Value Estimation
      $480,000
      6,335 SF

      9900 Stockdale Hwy Ste, Unit 200

      MEDICAL BUILDING • 6,335 SF
      9900 Stockdale Hwy Ste, Bakersfield, CA 93311-3634
      View Details
    • Value Estimation
      $515,000
      20,038 SF

      300 Old Riv Rd

      MEDICAL BUILDING • 20,038 SF
      300 Old Riv Rd, Bakersfield, CA 93311-9503
      View Details
    • Value Estimation
      $405,000
      5.18 Acres

      11515 Bolthouse Dr

      MEDICAL BUILDING • 5.18 Acres
      11515 Bolthouse Dr, Bakersfield, CA 93311-8822
      View Details
    • Value Estimation
      $300,000
      516 SF

      500 Old Riv Rd Ste, Unit 145

      MEDICAL BUILDING • 516 SF
      500 Old Riv Rd Ste, Bakersfield, CA 93311-9509
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
      40,000 SF

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      Prime Southwest Bakersfield medical office suites available.
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    • $26 SF/Yr
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    • $33 SF/Yr
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      Bakersfield Medical Office Space

      Prime Medical Office Suites Available Now
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    • Contact for pricing
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      Southwest Bakersfield Medical Office Space

      Prime Medical Office, 11,279 SF Available
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      View Details
    • $2 SF/Yr
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      Class A Medical Office Space

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      View Details
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    500 Old River Rd
    Bakersfield, CA 93311
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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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