Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8818 Spectrum Park Way Bakersfield, CA 93308-9441

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8818 Spectrum Park Way Bakersfield, CA 93308-9441

    View on Map
    • Hotels
    • 62,536 SF
    • 2.11 lot acres
    Off-Market
    Last Sale Jul 30, 2025
    $8,750,000
    Property ID
    US09-1637990
    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
    $8,655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • Hampton Inn & Suites Bakersfield North-Airport / Hotel & Motel

    Property Details for 8818 Spectrum Park Way

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    2.11 lot acres
    Property size
    62,536 SF
    Property type
    Hotels
    APN
    492-200-20-00-3
    APU
    49220020003

    Description

    This exceptional investment opportunity presents a 94-key Hampton Inn & Suites by Hilton, located at 8818 Spectrum Park Way, Bakersfield, CA 93308. The property, built in 2008 and renovated in 2017, boasts 62,536 square feet on a 2.11-acre lot. The four-story building offers numerous amenities including a complimentary breakfast, electric vehicle charging stations, an outdoor pool, fitness center, business center, and meeting space. Positioned near Meadows Field Airport and major highways, this hotel benefits from a strategic location attracting both business and leisure travelers. The strong financial performance is evidenced by a 2022 Net Operating Income (NOI) of $1,187,000 and an 8.48% capitalization rate. The asking price is $13,999,000. The property is zoned M-2 and features the established Hilton brand, ensuring strong customer loyalty and market presence within Bakersfield's growing economy. This represents a compelling opportunity for investors seeking a stabilized hospitality asset with significant upside potential in a thriving California market. The property's APN is 492-200-20-00-3. This is a franchise ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,840,000
      6.5%
      $7,240,000
      7%
      $6,720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,884,000
      Market price range: $6.66M - $12.3M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $8,710,000
      Current use
      MEDICAL BUILDING
      $14,300,000
      Change: +64% Conversion: Difficult
      OFFICE BUILDING
      $13,205,000
      Change: +52% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $8,355,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,115,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $7,790,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.076
    Latitude
    35.4398
    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
    $116,483
    $836,302
    $9,222,105
    $10,058,407
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,260,000
      59,821 SF

      3001 Buck Owens Blvd

      HOTEL • 59,821 SF
      3001 Buck Owens Blvd, Bakersfield, CA 93308-6317
      View Details
    • Value Estimation
      $830,000
      3,600 SF

      4100 Burr St

      HOTEL • 3,600 SF
      4100 Burr St, Bakersfield, CA 93308-6113
      View Details
    • Value Estimation
      $7,300,000
      109,400 SF

      2400 Camino Del Rio Ct

      HOTEL • 109,400 SF
      2400 Camino Del Rio Ct, Bakersfield, CA 93308-6256
      View Details
    • Value Estimation
      $7,100,000
      33,060 SF

      3115 Camino Del Rio Ct

      HOTEL • 33,060 SF
      3115 Camino Del Rio Ct, Bakersfield, CA 93308-6246
      View Details
    • Value Estimation
      $7,725,000
      36,642 SF

      8858 Spectrum Park Way

      HOTEL • 36,642 SF
      8858 Spectrum Park Way, Bakersfield, CA 93308-9441
      View Details
    • Value Estimation
      $6,050,000
      79,406 SF

      3101 Camino Del Rio Ct

      HOTEL • 79,406 SF
      3101 Camino Del Rio Ct, Bakersfield, CA 93308
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 99 Travel Center Development

      Planned mixed-use travel center development along Highway 99 corridor.
      Merced Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Land with Building Site Areas

      Land featuring multiple building sites, roads, and fencing.
      Patti Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,200 SF

      Bakersfield Land with Utility Use

      36.7 acres in Bakersfield, suitable for infrastructure, energy, utilities.
      16000 Driver Rd, Bakersfield, CA 93308
      View Details
    • $550,000
      1,300 SF

      Industrial Property with Versatile Buildings

      Industrial property featuring versatile buildings and a spacious shop.
      Patton Way, Bakersfield, CA 93308
      View Details
    • $415,000

      North Bakersfield Triplex Investment Property

      Well-maintained triplex with strong income potential in North Bakersfield.
      303 El Tejon Ave, Bakersfield, CA 93308
      View Details
    • $130,000
      Pending

      Bakersfield Land with Mountain Views

      Residential land with potential for custom home and grazing.
      S Granite Rd, Bakersfield, CA 93308
      View Details

    Similar Nearby for Lease

    • 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

      Industrial Building with Fenced Yard

      Free-standing industrial building with ample parking and fenced yard.
      2358 Cepheus Ct, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Merle Haggard Commercial Property

      Commercial property for rent off Hwy 99 in Bakersfield.
      35093 Merle Haggard Dr, 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
    • Contact for pricing
      16,320 SF

      Retail Space on Coffee Road

      Available retail space in Bakersfield, California.
      6001 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      2,700 SF

      Flex Space in Bakersfield, CA

      Flex space available for rent in Bakersfield, California.
      2809 Unicorn Rd, Bakersfield, CA 93308
      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.
    8818 Spectrum Park Way
    Bakersfield, CA 93308-9441
    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

    8818 Spectrum Park Way, Bakersfield, CA, 93308

    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!