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Property profile & analytics
FOR LEASE
Retail space

715 Airport Dr Bakersfield, CA 93308

16,724 SF 0.48 ac lot Built 2000
Entity Owned 22-yr Hold Free & Clear
Property ID
US09-2224373
Property summary
AI-generated overview

This exceptional retail opportunity presents itself at the Airport & Olive Retail Center, situated at 715 Airport Drive, Bakersfield, CA 93308. This community shopping center boasts a total of 58,140 square feet, offering multiple tenancy options. Currently, there are three spaces available, ranging from a minimum of 900 square feet to a maximum contiguous space of 11,240 square feet. A significant 15,740 square feet is currently vacant, presenting a prime opportunity for expansion or new tenants. The center enjoys a highly visible location at the northwest corner of Airport Drive and Olive Drive, within the thriving North Bakersfield trade area. This strategic location benefits from high traffic volume and is surrounded by a dense residential population, ensuring a strong customer base. Its proximity to Freeway 99 and Meadows Field Airport further enhances its accessibility and appeal. The property's size and flexible space options make it ideal for a variety of retail businesses seeking a prominent location in a busy and convenient area of Bakersfield. This is a rare chance to secure a well-positioned retail space in a high-traffic area with excellent visibility and accessibility. The available space offers significant potential for growth and success.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Construction WOOD
Total area 16,724 SF
Lot 0.48 ac (20,908 SF)
APN 111-240-15-00-3
UPID US09-2224373
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • Rite Aid Pharmacy Pharmacy
  • Katie N. Tran, PharmD Pharmacy
  • higi Physician
  • Rite Aid Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.47M
Comparable Approach Comparable
$3.12M
Blend (final) Blend
$2.63M
Owner & transaction history
Airport Properties LLC · 22 yrs held
Airport Properties LLC
since 2004
3 recorded transactions
2004
Price N/A
2004
Price N/A
1995
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.8M +83.5%
Office building $3.5M +69.5%
Industrial (general) $2.2M +7.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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