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900 Old River Rd, Bakersfield, CA 93311
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Property summary
AI-generated overview
This exceptional Class A office building, located at 900 Old River Rd, Bakersfield, CA 93311, presents a unique opportunity. Boasting 557,687 square feet across four stories, this 1995-constructed property sits on 32.98 acres and offers a minimum divisible space of 25,000 square feet, with up to 557,687 contiguous square feet available. The entire 557,687 square feet is currently vacant. The building features ample parking with 1568 spaces and elevators for convenient access. Its prime location in Bakersfield's most desirable submarket, near Old River Road, is complemented by its meticulous upkeep, managed by an on-site team including three building engineers and a property manager. The property is zoned for Office Commercial use and has the APN numbers 390-30-26, 390-30-27 & 390-30-31. This is an unparalleled opportunity to secure a substantial, well-maintained office space in a highly sought-after Bakersfield location. The building's size and flexibility make it ideal for a variety of businesses seeking a prestigious and functional workspace. This is a truly remarkable offering in the Bakersfield commercial real estate market.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Total area
575,291 SF
Lot
20.92 ac (911,275 SF)
Zoning code
CO
APN
390-300-31-00-1
UPID
US09-5621012
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
District Office
-
Oil & Natural Gas Company
-
Loan Service
-
Shopping Center & Mall
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.27M
Owner & transaction history
since 2022
Last sale
$14.0M
1 recorded transaction
Zoning & alternative use
CO · Bakersfield, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.27M
Value range
$12.84M – $15.70M
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$12.84M
blend $14.27M
$15.70M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
575,291 SF
Lot area
20.92 ac
Year built
1995
Stories
4
APN
390-300-31-00-1
Zoning
CO
Assessed value
$9,957,000
Annual tax
$121,776
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 98 sales
$120
-79%
County 159 sales
$119
-79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $25/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.00M
Move the market yield to see immediate price impact.
Value / SF
$24
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$882k
$17.64M
$12.60M
$9.80M
$980k
$19.60M
$14.00M
$10.89M
$1.08M
$21.56M
$15.40M
$11.98M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$121,776
Tax year 2023
Assessed value
$9,957,000
Assessed 2023
Previous assessed
$9,957,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,400,000
Assessed improvement
$4,557,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1995
Heating
FORCED AIR
Cooling
OTHER
Stories
4
Total area
575,291 SF
Lot
20.92 ac (911,275 SF)
Zoning code
CO
APN
390-300-31-00-1
UPID
US09-5621012
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CAZoning CO · permitted uses
CO · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
20.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CO
Jurisdiction
Bakersfield, CA
Recorded code
CO
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CO in Bakersfield, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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