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Property profile & analytics
FOR LEASE
Office Spaces

900 Old River Rd Bakersfield, CA 93311

575,291 SF 20.92 ac lot Built 1995
Entity Owned 4-yr Hold Free & Clear
Property ID
US09-5621012
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • California Resources Corporation District Office
  • California Resources Corporation - CRC Plaza Oil & Natural Gas Company
  • ATC Managers, LLC Loan Service
  • State Farm Carlos Cornejo Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.15M
Owner & transaction history
Lee Development Group LLC · 4 yrs held
Lee Development Group LLC
since 2022
Last sale
$14.0M
1 recorded transaction
2022
$14.0M
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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