7005 Downing Ave Bakersfield, CA 93308-5813
Property profile & analytics
7005 Downing Ave, Bakersfield, CA 93308-5813
- Industrial properties
- 7,500 SF
- 1.59 lot acres
Property ID
US09-3111473
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.
Location Intelligence
Current Use by Public Records
- Dave's Fleet Maintenance & Towing / Auto Repair Shop
- Tyrion Integration Services, Inc. / Production Facility
Property Details for 7005 Downing Ave
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 1.59 lot acres
- Zone code
- M-3
- Property type
- Industrial properties
- APN
- 452-070-43-00-1
- APU
- 45207043001
Description
This exceptional investment opportunity presents a 7,500 square foot flex space property located at 7005 Downing Ave, Bakersfield, CA 93308. The property sits on a 1.59-acre lot and is zoned M-3, offering versatility for various industrial uses. Currently under a net lease agreement with a remaining term of four years (commencing June 1st, 2023, and expiring May 31st, 2027), this investment provides immediate cash flow. The asking price is $1,350,000. The property's strategic location in Bakersfield's Rosedale "Oilpatch" submarket, just north of Rosedale Highway, east of Coffee Road, and west of Fruitvale Avenue, ensures strong tenant demand and potential for future appreciation. The single building comprises the entire 7,500 square feet, offering efficiency and ease of management. The property's APN is 450-070-43. This is a turnkey investment ideal for those seeking a stable, income-generating asset in a thriving industrial area. The long-term lease provides security and predictable returns, making this a compelling opportunity for discerning investors. Don't miss this chance to acquire a well-located, net-leased industrial property in a high-demand market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,275,000
- 6.5%
- $1,180,000
- 7%
- $1,095,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,331,000
Market price range: $512k - $1.48M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,000,000 Current use
- MEDICAL BUILDING
- $1,715,000 Change: +71% Conversion: Difficult
- OFFICE BUILDING
- $1,585,000 Change: +58% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $975,000 Change: -3% Conversion: Easy
- RETAIL STORES
- $935,000 Change: -7% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $900,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.081
- Latitude
- 35.3896
- 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
$11,616
$595,900
$385,820
$981,720
-
$0.00
$0.00
$0.00
