Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

5500 Ming Ave Bakersfield, CA 93309

FOR LEASE
Office buildings
View Listing
Property ID
US09-0403878
61,522 SF 4.8 ac lot Built 1982
Last sale Jun 1993 · $7,033,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional Bakersfield office park, situated at 5500 Ming Ave (Ming Avenue and New Stine Road), offers 120,988 square feet of renovated office space across two, two-story buildings. Built in 1982 and extensively renovated in 2023, the property boasts a desirable campus-like setting with beautiful landscaping and water features. Seven suites are available, ranging from 449 to 6,107 contiguous square feet, making it ideal for businesses of various sizes. The property features 520 parking…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$67k
Tax billed · 2023
Assessed value$5.43M
Assessed land$1.85M
Assessed improvement$3.58M
Effective rate1.22%

Value estimate

· Oct 2026
$2.05M
$1.84M – $2.25M
Submarket $/SF estimate$8.78M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$222/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$143 – $290

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PCD
The planned commercial development zone is intended to allow for innovative design and diversification in the relationship of various use...
General categoryCOMMERCIAL
JurisdictionKERN

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.3
Gym & Fitness13.1
Auto Repair Shop12.8

Location

5500 Ming Ave Bakersfield, CA 93309
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5555 Truxtun, Bakersfield, CA 93309-7450 $4,700,000 Jun 2025 25,764 SF
200 New Stine, Bakersfield, CA 93309-2651 $3,575,000 Jun 2025 53,934 SF
5300 California, Bakersfield, CA 93309-1664 $4,900,000 Aug 2024 55,385 SF
5100 California, Bakersfield, CA 93309-0715 $387,500 Apr 2024 48,912 SF
5005 Business N, Bakersfield, CA 93309-1651 $2,350,000 Feb 2024 21,468 SF
5531 Business S, Bakersfield, CA 93309-1668 $2,300,000 Mar 2023 16,285 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again