3101 Pegasus DrBakersfield, CA 93308

Property Details for 3101 Pegasus Dr

Year built

1984

Construction

WOOD

Lot size

2.59 AC

Property size (Sq ft)

21,644 SF

Zone code

M-2-AA

Property type

Office buildings

APN

492-130-03-00-4

APU

49213003004

Description

This exceptional 22,556-square-foot office/warehouse property, situated on 2.59 acres in Bakersfield's Airport Business Park, offers 12,243 square feet of immediately available dry storage space. The building boasts 119 parking spaces (a 5:1,000 ratio), providing ample parking for employees and clients. Utilities are separately metered for efficient cost management. Strategically located near Highways 99 and 65, and Seventh Standard/Merle Haggard Drive, this property offers unparalleled access to major transportation arteries. Its proximity to Meadows Field Airport provides a significant advantage for businesses requiring air freight capabilities. The property is zoned M-2 AA (General Manufacturing; Airport Approach Overlay) by Kern County. This prime location is surrounded by notable businesses, including Amazon, Schlumberger, Quinn Caterpillar, and the U.S. Post Office, ensuring a thriving and established business environment. Monument signage is available, providing excellent visibility for your business. The secure on-site parking adds an extra layer of security and peace of mind. This is a rare opportunity to lease a substantial flex space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,409,460

  6.5%

  $4,993,350

  7%

  $4,636,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,618,800

  Geo Method

  $4,115,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,301,800

  Retail / Commercial

  $5,190,500

  Mixed-Use / Specialty

  $5,099,330

  Hospitality / Lodging

  $3,646,610

  Institutional / Educational

  $5,275,280

  Residential Income

  $6,172,080

  Multifamily

  $7,805,310

  Automotive / Energy

  $4,521,670

  Parking / Income-Based Land

  $1,632,170

  Restaurant / Food Service

  $2,497,120

  Healthcare / Senior Housing

  $5,303,790

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.4327

Longitude

-119.066

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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