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    • Brokers

    Miguel Hernandez, Bakersfield, CA

    License ID: 01904653
    Years of Experience
    13
    Association
    Bakersfield Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (661) 861-3530
    Office Address:
    158a E Park Ave, Long Beach, NY, 11561

    Performance

    Listings
    11
    Total transactions
    217
    Total transactions amount
    $72M
    Price range
    $221k - 498k
    Average price
    $332k

    Listings

    For Sale (11)

    View map
    • $245,000
      0.64 Acres

      Established Turn-Key Bar in Bakersfield

      Established turn-key bar for sale in Bakersfield, California.
      4715 Coffee Rd, Bakersfield, CA 93308
      View Details
    • $6,000,000
      640.00 Acres

      640 Acres in Olancha, CA

      640-acre parcel suitable for solar and recreational development.
      S Of Hwy, Olancha, CA 93549
      View Details
    • $199,000
      21.23 Acres

      Bakersfield Land: 21 Acres

      Prime agricultural & residential land, 21.23 acres, ideal for development.
      0 Patti Ave, Bakersfield, CA 93308
      View Details
    • $1,999,999

      I-5 Buttonwillow Agricultural Land

      Prime I-5 location, 37 acres, development potential.
      0 Interstate 5, Buttonwillow, CA 93206
      View Details
    • $6,000,000
      640.00 Acres

      Olancha Solar Farm Investment

      640-Acre California Land Opportunity
      0 Olancha Ca 93549, Olancha, CA 93549
      View Details
    • $699,000
      2,600 SF

      Industrial Property with Spacious Shop

      Industrial property featuring versatile buildings and a spacious shop.
      2810 Patton Way, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      2.5-Acre Vacant Mojave Land

      2.5-acre vacant lot in Mojave, build your dream home.
      Altus Ave, Mojave, CA 93501
      View Details
    • $100,000

      Tranquil Acre in McFarland

      One-acre parcel surrounded by trees, offering peace and quiet.
      Mc Farland, CA 93250
      View Details
    • $149,999

      Land with Building Site Areas

      Land with road access, fencing, and building site areas.
      Patti Ave, Bakersfield, CA 93308
      View Details
    • $6,000,000

      Land Available For Sale

      Land available for sale located in Olancha, California.
      190 S Of Hwy, Olancha, CA 93545
      View Details
    • $699,000
      2,600 SF

      Industrial Property with Versatile Buildings

      Industrial property featuring versatile buildings and a spacious shop.
      Patton Way, Bakersfield, CA 93308
      View Details

    Leases and Sales on Map

    • For Sale

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    Miguel Hernandez, Bakersfield, CA
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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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Miguel Hernandez, Bakersfield, CA
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