Investment Medical Office Mixed-Use Space 1001-1043 Stine Rd 15,984 SF 100% Leased Office Building Bakersfield, CA 93309 $2,600,000 ($162.66/SF) 7.01% Cap Rate

This fully leased medical and professional office property offers a rare opportunity to acquire a stabilized asset in one of Bakersfield’s most desirable and established submarkets. The property consists of three well-maintained buildings totaling approximately 15,984 square feet of rentable space, situated on a 2.14-acre site. The primary parcel is zoned C-O (Commercial Office), complemented by an additional R-3 parcel that may be converted to C-O, providing both operational stability and future flexibility.
The buildings are positioned along Stine Road, creating strong visibility and a clear sense of identity for tenants. The single-story structure is largely dedicated to medical and healthcare uses, while the centrally located two-story building is occupied by a mix of professional office users, including real estate and construction firms. The two-story building on the far right is anchored by a long-term church tenant, contributing to consistent occupancy and dependable income. Parking is conveniently located at both the front and side of the property, allowing for smooth circulation and easy access for employees and visitors.
The location offers excellent connectivity, with Highway 99 just minutes away. The surrounding area includes dense residential apartment communities, neighborhood-serving retail, and the Valley Plaza Mall, one of Bakersfield’s primary regional shopping destinations, supporting ongoing tenant demand.
Security and accessibility are key features of the property. The site is fully enclosed with wrought-iron fencing, automatic gates, and four separate ingress and egress points. On-site security is provided by CitiGuard Security Services, a tenant at the property, and the parking ratio of approximately five spaces per 1,000 square feet further enhances usability for medical and professional tenants.
The tenant roster is well diversified and long tenured, including medical and dental practices, Miracle Ear hearing services, beauty and wellness providers, real estate and construction offices, insurance agencies, CitiGuard Security, and a long-standing community church. This mix supports reliable, recurring income with limited vacancy risk.
In addition to the existing improvements, the property includes approximately one acre of surplus land located behind the buildings. Currently zoned R-3 with the ability to convert to C-O, this land offers meaningful future development or expansion potential, adding a layer of long-term upside while maintaining stable in-place cash flow.