Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8661 Herring Rd Bakersfield, CA 93313
    Back to Search
    Property profile & analytics

    8661 Herring Rd Bakersfield, CA 93313

    View on Map
    • Specialty properties
    • 4,397 SF
    • 48.68 lot acres
    For Sale
    $11,500,000
    View Listing →
    Versatile Agricultural Property Near Freeway For Sale
    $11,500,000
    5,042 SF

    Versatile Agricultural Property Near Freeway

    150-acre agricultural property ideal for farming, ranching, or development.

    8661 Herring Road, Bakersfield, CA 93313
    View Listing
    Property ID
    US09-2824987
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 8661 Herring Rd

    Year built
    1965
    Construction
    WOOD
    Lot size
    48.68 lot acres
    Property size
    4,397 SF
    Zone code
    A
    Property type
    Specialty properties
    APN
    445-030-07-00-3
    APU
    44503007003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $490,000
      ML approach
      $530,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $645,000
      COMMERCIAL (GENERAL)
      $360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.999
    Latitude
    35.1464
    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
    $10,467
    $819,918
    $114,577
    $934,495
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,038 SF

      5429 Taft Hwy

      VETERINARY, ANIMAL HOSPITAL • 2,038 SF
      5429 Taft Hwy, Bakersfield, CA 93313-9617
      View Details
    • Value Estimation by Request
      4,500 SF

      4201 Mexicali Dr

      VETERINARY, ANIMAL HOSPITAL • 4,500 SF
      4201 Mexicali Dr, Bakersfield, CA 93313-2025
      View Details
    • Value Estimation by Request
      29.06 Acres

      Nec Ashe Rd And Mccutchen Rd

      Distribution properties • 29.06 Acres
      0 Nec Ashe Rd And Mccutchen Rd, Bakersfield, CA 93313
      View Details
    • Value Estimation by Request
      17.61 Acres

      6300 Gosford Rd

      VACANT COMMERCIAL LAND • 17.61 Acres
      6300 Gosford Rd, Bakersfield, CA 93313
      View Details
    • Value Estimation by Request
      0.23 Acres

      5200 Park Steven Ct

      INDUSTRIAL - VACANT LAND • 0.23 Acres
      5200 Park Steven Ct, Bakersfield, CA 93313-2885
      View Details
    • Value Estimation by Request
      0.27 Acres

      5921 Nathaniel Way

      INDUSTRIAL - VACANT LAND • 0.27 Acres
      5921 Nathaniel Way, Bakersfield, CA 93313-2966
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bakersfield Fourplex Near Amenities

      Fourplex in Southwest Bakersfield with updated units near local amenities.
      6216 Stine Rd, Bakersfield, CA 93313
      View Details
    • $15,000,000
      38.54 Acres

      I-5 & Maricopa Hwy Land

      38+ Acres Industrial Land, Bakersfield
      0 Maricopa Hwy, Bakersfield, CA 93313
      View Details
    • Contact for pricing

      Finished Parcel with Utilities

      Commercial land parcel with utilities in Bakersfield, California.
      8503 Scobee St, Bakersfield, CA 93313
      View Details
    • $2,990,000
      9.88 Acres

      Prime Commercial Land I-5 Access

      9.88 acres with freeway access, high visibility, utilities available.
      Copus Rd, Bakersfield, CA 93313
      View Details
    • Contact for pricing

      Industrial Property in Southwest Bakersfield

      Industrial property with shop/office in Southwest Bakersfield, fully leased.
      4440 Grissom St, Bakersfield, CA 93313
      View Details
    • Contact for pricing

      Land For Sale Bakersfield

      Land available for sale in Bakersfield, California.
      4946 Taft Hwy, Bakersfield, CA 93313
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land Parcel For Lease

      Approximately 4.14 acre industrial land parcel available for lease.
      4500 New Horizon Blvd, Bakersfield, CA 93313
      View Details
    • Contact for pricing

      Ashe Road Business Center

      Located in the Stockdale Industrial Park in Southwest Bakersfield.
      4300 Ashe Rd, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      9,583 SF

      Bakersfield Flex/Industrial Space Available

      Flex/industrial space available for lease in Bakersfield, CA.
      6881 District Blvd, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      15,000 SF

      Highway 99 Frontage Space

      Office, warehouse, and showroom space with high visibility.
      2700 Auto Mall Dr, Bakersfield, CA 93313
      View Details
    • Contact for pricing

      Office/Warehouse Building with M-1 Zoning

      9,300 SF multitenant building on 0.53 acres, M-1 zoning.
      4551 Grissom St, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Southwest Bakersfield

      Retail property in a rapidly growing Bakersfield location.
      6613 Hazelnut Ct, Bakersfield, CA 93313
      View Details
    View Listing
    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.
    8661 Herring Rd
    Bakersfield, CA 93313
    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

    Thank You for Inquiry
    8661 Herring Rd, Bakersfield, CA, 93313
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!