Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Bakersfield, CA 93301

    • Data centers and call centers
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Nov 29, 2022
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4831143
    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.

    Current Use by Public Records

    • Data centers and call centers

    Property Details

    Construction
    WOOD FRAME
    Lot size
    0.20 lot acres
    Zone code
    C-2
    Property type
    Data centers and call centers
    APN
    006-181-11-00-4
    APU
    618111004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.021
    Latitude
    35.3746
    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
    $1,008
    $140,000
    $0.00
    $140,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      3,690 SF

      700 Chester Ave

      RADIO OR TV STATION • 3,690 SF
      700 Chester Ave, Bakersfield, CA 93301-5422
      View Details
    • Value Estimation
      $1,225,000
      42,113 SF

      1707 Eye St

      RADIO OR TV STATION • 42,113 SF
      1707 Eye St, Bakersfield, CA 93301-5208
      View Details
    • Value Estimation
      $290,000
      1,104 SF

      424 Truxtun Ave

      RADIO OR TV STATION • 1,104 SF
      424 Truxtun Ave, Bakersfield, CA 93301-5316
      View Details
    • Value Estimation
      $925,000
      22,567 SF

      321 21st St

      RADIO OR TV STATION • 22,567 SF
      321 21st St, Bakersfield, CA 93301-4120
      View Details
    • Value Estimation
      $725,000
      14,854 SF

      1128 Truxtun Ave

      RADIO OR TV STATION • 14,854 SF
      1128 Truxtun Ave, Bakersfield, CA 93301-4618
      View Details
    • Value Estimation
      $380,000
      2,662 SF

      814 18th St

      RADIO OR TV STATION • 2,662 SF
      814 18th St, Bakersfield, CA 93301-4824
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Medical Office Building For Sale

      Two-story medical office building near Memorial Hospital, ideal for owner/user.
      6000 Physicians Blvd, Bakersfield, CA 93301
      View Details
    • $1,250,000
      9,000 SF

      Downtown Office For Sale

      Downtown office building with off-street parking for sale.
      1515 20Th St, Bakersfield, CA 93301
      View Details
    • $280,000
      2,123 SF

      Medical Office Condos For Sale

      Two renovated medical office suites available near Memorial Hospital.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $2,500,000
      6,676 SF

      Bakersfield Surgery Center For Sale

      Accredited surgery center, turnkey opportunity.
      2725 16Th St, Bakersfield, CA 93301
      View Details
    • $3,200,000
      11,749 SF

      San Dimas Medical Office Complex

      Bakersfield, CA: 100% Occupied Medical Office Buildings
      3737 San Dimas St, Bakersfield, CA 93301
      View Details
    • $377,910
      1,326 SF

      Medical Office Near Adventist Health

      Medical office space with excellent accessibility and efficient layout.
      1805 27Th St, Bakersfield, CA 93301
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      57,317 SF

      Downtown Bakersfield Medical Office

      Prime medical office space, 24,796 SF available.
      2323 16Th St, Bakersfield, CA 93301
      View Details
    • $19 SF/Yr
      34,200 SF

      Downtown Bakersfield Office Space

      Class A Office Suites, Ample Parking
      900 Truxtun Ave, Bakersfield, CA 93301
      View Details
    • $1.65 SF/Yr
      1,094 SF

      Move-in Ready Office Space

      Central Bakersfield office space with on-site parking.
      2130 Chester Ave, Bakersfield, CA 93301
      View Details
    • $3,000 /Mo

      Medical Office Suites For Lease

      Two renovated medical office suites available for lease.
      3550 Q St, Bakersfield, CA 93301
      View Details
    • $1.75 SF/Yr
      1,891 SF

      Downtown Office Space Available

      Office space with upgraded interiors and convenient highway access.
      2000 Oak St, Bakersfield, CA 93301
      View Details
    • $4,800 /Mo
      3,344 SF

      Downtown Bakersfield Medical Office Space

      3,344 SF medical office space for lease in Bakersfield.
      2535 16Th St, Bakersfield, CA 93301
      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.
    Bakersfield, CA 93301
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.