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Property summary
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 spaces, including some covered options, and elevators for convenient access. Recent upgrades include repainted exteriors, renovated common areas, new roofs, a resurfaced parking lot, and updated monument signage. The property benefits from on-site management, 24-hour video surveillance, and ample natural light in many suites. Its zoning is PCD (Planned Commercial Development), City of Bakersfield, and the APN is 355-440-05 & 06. The property's location provides convenient access to Highways 99 and 58, and caters to various office needs, including some hybrid medical office configurations. The 9.66-acre lot offers a serene environment for your business. Currently, 14,634 square feet of space is vacant.
Property profile
VerifiedCap rate & NOI
Current use
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Electrical Service General Contractor
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Medical Clinic
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Dental Office
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Physician
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The planned commercial development zone is intended to allow for innovative design and diversification in the relationship of various uses, buildings, structures, lot sizes and open spaces while ensuring compliance with…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PCD · Bakersfield, CAThe planned commercial development zone is intended to allow for innovative design and diversification in the relationship of various uses, buildings, structures, lot sizes and open spaces while ensuring compliance with…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The planned commercial development zone is intended to allow for innovative design and diversification in the relationship of various uses, buildings, structures, lot sizes and open spaces while ensuring compliance with…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCD in Bakersfield, CA.
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