Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8021 Bay Ave California City, CA 93505-2617

    • Office buildings
    • 3,332 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Dec 06, 2022
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3278654
    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.

    Current Use by Public Records

    • Solar of California City / Solar Energy Company

    Property Details for 8021 Bay Ave

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    3,332 SF
    Zone code
    C-4
    Property type
    Office buildings
    APN
    203-090-29-00-1
    APU
    20309029001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    California City
    County
    Kern
    State
    California
    Longitude
    -117.985
    Latitude
    35.1247
    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
    $4,538
    $27,000
    $298,000
    $325,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      232 SF

      8100 California City Blvd Ste, Unit 104

      PROFESSIONAL BUILDING • 232 SF
      8100 California City Blvd Ste, California City, CA 93505-2668
      View Details
    • Value Estimation by Request
      0.00 Acres

      8100 California City Blvd Ste, Unit 109

      PROFESSIONAL BUILDING • 0.00 Acres
      8100 California City Blvd Ste, California City, CA 93505-2669
      View Details
    • Value Estimation by Request
      0.00 Acres

      8100 California City Blvd Ste, Unit 201

      PROFESSIONAL BUILDING • 0.00 Acres
      8100 California City Blvd Ste, California City, CA 93505-2668
      View Details
    • Value Estimation by Request
      2,012 SF

      6508 California City Blvd

      PROFESSIONAL BUILDING • 2,012 SF
      6508 California City Blvd, California City, CA 93505-1700
      View Details
    • Value Estimation by Request
      2,500 SF

      21007 Nemophilia St

      PROFESSIONAL BUILDING • 2,500 SF
      21007 Nemophilia St, California City, CA 93505-1963
      View Details
    • Value Estimation by Request
      0.00 Acres

      8100 California City Blvd Ste, Unit 106

      PROFESSIONAL BUILDING • 0.00 Acres
      8100 California City Blvd Ste, California City, CA 93505-2668
      View Details

    Similar Nearby for Sale

    • $280,000
      1,753 SF

      Freestanding NNN Office Building

      Freestanding NNN office building with corporate guaranteed tenant.
      9236 California City Blvd, California City, CA 93505
      View Details
    • $280,000
      1,753 SF

      California City Medical Office

      1,753 SF, 6.13% Cap Rate, NNN Lease
      9236 California City Blvd, California City, CA 93505
      View Details
    • $550,000
      3.63 Acres

      California City Commercial Land

      3.63 Acres, Shovel-Ready Development
      21100 Neuralia Rd, California City, CA 93505
      View Details
    • Contact for pricing
      0.25 Acres

      California City Residential Land

      ±0.25 Acres, Build Your Dream Home
      19660 98Th St, California City, CA 93505
      View Details
    • $584,800
      14.62 Acres

      Hwy 58 Prime Agricultural Land

      14.62 Acres, High Visibility, Development Potential
      53 & California City Blvd, California City, CA 93505
      View Details
    • Contact for pricing
      0.23 Acres

      California City Land - $21,500

      0.23 Acres, Residential/Commercial Potential
      20513 Medio St, California City, CA 93505
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,000 SF

      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations in California City.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    • $825 /Mo
      1,025 SF

      California City Retail Space Available

      1025 SF retail space in high-traffic California City location.
      8525 California City Blvd, California City, CA 93505
      View Details
    • $1,800 /Mo
      1,200 SF

      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations in California City.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    • $800 /Mo
      1,000 SF

      California City Retail Space Available

      1,000 SF retail space in high-traffic California City location.
      8525 California City Blvd, California City, CA 93505
      View Details
    • $2,016 /Mo
      1,344 SF

      California City Industrial Cannabis Zone

      M1-zoned industrial property suitable for cannabis operations in California City.
      22510 Curtiss Pl, California City, CA 93505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8021 Bay Ave
    California City, CA 93505-2617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.