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    9000 Ming Ave Bakersfield, CA 93311

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    9000 Ming Ave Bakersfield, CA 93311

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    • Super regional malls
    • 6,977 SF
    • 0.78 lot acres
    For Lease
    $985,000
    View Listing →
    The Marketplace Bakersfield Retail Space For Lease
    $985,000

    The Marketplace Bakersfield Retail Space

    Premiere shopping, dining, and entertainment destination in Bakersfield.

    9000 Ming Ave, Bakersfield, CA 93311
    View Listing
    Property ID
    US09-2502959
    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

    • Chase Mortgage / Loan Service / Bank
    • Robson Jewelers / (Bike/Boat/Book/etc) Store
    • Chef’s Choice Noodle Bar / Restaurant
    • Chase Bank / Bank / Loan Service
    • Club Pilates / Gym & Fitness Center

    Property Details for 9000 Ming Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.78 lot acres
    Property size
    6,977 SF
    Zone code
    C2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    390-310-29-00-9
    APU
    39031029009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,290,000
      6.5%
      $1,195,000
      7%
      $1,110,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.104
    Latitude
    35.3403
    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
    $25,981
    $655,465
    $1,428,125
    $2,083,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,380,000
      9,490 SF

      9000 Ming Ave, Unit T

      REGIONAL SHOPPING CENTER, MALL • 9,490 SF
      9000 Ming Ave, Bakersfield, CA 93311-1318
      View Details
    • Value Estimation
      $19,950,000
      123,805 SF

      9000 Ming Ave

      REGIONAL SHOPPING CENTER, MALL • 123,805 SF
      9000 Ming Ave, Bakersfield, CA 93311-1318
      View Details
    • Value Estimation by Request
      3,093 SF

      9000 Ming Ave

      REGIONAL SHOPPING CENTER, MALL • 3,093 SF
      9000 Ming Ave, Bakersfield, CA 93311-1318
      View Details
    • Value Estimation
      $710,000
      5,696 SF

      9000 Ming Ave

      REGIONAL SHOPPING CENTER, MALL • 5,696 SF
      9000 Ming Ave, Bakersfield, CA 93311-1318
      View Details
    • Value Estimation
      $12,420,000
      113,770 SF

      10402 Stockdale Hwy

      REGIONAL SHOPPING CENTER, MALL • 113,770 SF
      10402 Stockdale Hwy, Bakersfield, CA 93311-3690
      View Details
    • Value Estimation
      $15,930,000
      121,312 SF

      10800 Stockdale Hwy

      REGIONAL SHOPPING CENTER, MALL • 121,312 SF
      10800 Stockdale Hwy, Bakersfield, CA 93311-3681
      View Details

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      276-acre mixed-use commercial development with land for sale.
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      NNN Property Near CSU Bakersfield

      NNN property across from CSU Bakersfield, offering 6.00% cap rate.
      8500 Ming Ave, Bakersfield, CA 93311
      View Details
    • $250,000

      High-Traffic Area Business Opportunity

      Own a business in a prime, high-traffic location.
      3300 Buena Vista Rd, Bakersfield, CA 93311
      View Details
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      Profitable RCFE Facility in Bakersfield

      Turnkey RCFE facility in desirable Bakersfield neighborhood with solar panels.
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      20 Acres AG Zoned Land

      20 acres of AG zoned land with existing infrastructure.
      13114 Olen Ave, Bakersfield, CA 93311
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    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Shopping Center in Seven Oaks

      9.5-acre shopping center in the Seven Oaks community.
      11301 White River Dr, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      1,268 SF

      Retail Space in Bakersfield Center

      Neighborhood shopping center space for lease in Bakersfield, CA.
      11300 Ming Ave, Bakersfield, CA 93311
      View Details
    • Contact for pricing

      Retail Center Near CSU Bakersfield

      Neighborhood retail center with Albertsons and Trader Joes.
      8200 Stockdale Hwy, Bakersfield, CA 93311
      View Details
    • Contact for pricing

      The Marketplace Bakersfield Retail Space

      Premiere shopping, dining, and entertainment destination in Bakersfield.
      9000 Ming Ave, Bakersfield, CA 93311
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in New Development

      Retail space available in a new development in Bakersfield.
      8702 Harris Rd, Bakersfield, CA 93311
      View Details
    • Contact for pricing

      Retail Space on Ming Avenue

      Retail space available for rent on Ming Avenue, Bakersfield.
      9000 Ming Ave, Bakersfield, CA 93311
      View Details
    View Listing
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    Bakersfield, CA 93311
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    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
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