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    7702 Meany Ave Bakersfield, CA 93308-5198
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    Property profile & analytics

    7702 Meany Ave Bakersfield, CA 93308-5198

    View on Map
    • Office buildings
    • 9,505 SF
    • 0.72 lot acres
    Off-Market
    Property ID
    US10-2982982
    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.
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Energy Systems Engineering / Electrical Engineer
    • Grant Construction Inc / Construction Company
    • Caliber Home Loans- Bakersfield / Loan Service / Bank
    • PPM Medical Billing / Medical Billing Service
    • All Property Management & Sales / Real Estate Agency

    Property Details for 7702 Meany Ave

    Year built
    2006
    Construction
    WOOD FRAME
    Lot size
    0.72 lot acres
    Property size
    9,505 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    452-180-35-00-0
    APU
    45218035000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,235,000
      6.5%
      $2,065,000
      7%
      $1,915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,182,000
      Market price range: $489k - $1.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,005,000
      Current use
      MEDICAL BUILDING
      $2,175,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.088
    Latitude
    35.3947
    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
    $29,981
    $250,000
    $2,250,000
    $2,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      19628 Industry Pkwy Dr

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    • Value Estimation
      $2,060,000
      14,959 SF

      3542 Shell St

      PROFESSIONAL BUILDING • 14,959 SF
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    • Value Estimation by Request
      3,259 SF

      1010 Airport Dr

      PROFESSIONAL BUILDING • 3,259 SF
      1010 Airport Dr, Bakersfield, CA 93308-3132
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    • Value Estimation
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      5,180 SF

      1401 Airport Dr

      PROFESSIONAL BUILDING • 5,180 SF
      1401 Airport Dr, Bakersfield, CA 93308-3100
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    • Value Estimation by Request
      3,640 SF

      1225 Chester Ave

      PROFESSIONAL BUILDING • 3,640 SF
      1225 Chester Ave, Bakersfield, CA 93308-3520
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    • Value Estimation
      $805,000
      5,745 SF

      1601 James Rd

      PROFESSIONAL BUILDING • 5,745 SF
      1601 James Rd, Bakersfield, CA 93308-9749
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,746 SF

      Bakersfield Office Building For Sale

      Two-story, 10,746 SF office building in Northwest Bakersfield.
      3605 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      5,725 SF

      Bakersfield Office Space Available

      Office property with 5725 square feet of space.
      3012 Sillect Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      29,005 SF

      Bakersfield Office/Flex Space Available

      Office/flex vacancy available for lease or owner/user occupancy.
      3801 Pegasus Dr, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Medical Outpatient Buildings Portfolio

      Three medical buildings in Bakersfield, CA, fully leased to healthcare providers.
      2901 Sillect Ave, Bakersfield, CA 93308
      View Details
    • $314,900
      4.98 Acres

      Bakersfield Land with Equestrian Potential

      Tranquil 4.98-acre lot ideal for equestrian estate and country living.
      Brandy Jo St, Bakersfield, CA 93308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,125 SF

      Stand-Alone Office Building For Lease

      Recently updated office building with easy highway access.
      3600 N Sillect Ave, Bakersfield, CA 93308
      View Details
    • $5,536 /Mo
      43,560 SF

      Bakersfield Office Building For Lease

      Single-story office building in North Bakersfield with flexible lease terms.
      4000 Rio Del Norte St, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Office/Warehouse Space Near Meadows Field

      22,556 SF office/warehouse with 12,243 SF storage space.
      3101 Pegasus Dr, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Modern Logistics and Distribution Facility

      New Class A warehouse and office space in Bakersfield.
      2204 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Industrial Space with Large Yard

      6,000 SF industrial space with 1.83 acre yard.
      4750 Burr St, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Premier Mixed-Use Business Park

      Master-planned development near Meadows Field Airport with industrial, office, retail.
      Wings Way, Bakersfield, CA 93308
      View Details
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    7702 Meany Ave
    Bakersfield, CA 93308-5198
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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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