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Property profile & analytics
OFF-MARKET
Estimated value
$9,645,000
Medical Office Space
100 Old Riv Rd Bakersfield, CA 93311-8823
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-5012741
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
WOOD FRAME
Total area
25,725 SF
Lot
2.31 ac (100,623 SF)
Zoning code
C2
APN
390-300-21-00-2
UPID
US09-5012741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rhonda Colvin Practitioner Service Location Medical Group
-
Luis Lopez Physician
-
Alex Soffici Physician
-
SONIA GHAI Physician
-
Sauhang Patel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.86M
Blend (final)
Blend
$9.65M
Owner & transaction history
Mercy Sw LLC · 2 yrs held
Mercy Sw LLC
since 2024
Last sale
$9.6M
4 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+77.1%
Neighborhood: shopping center
$8.9M
+50.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bakersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bakersfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,645,000
ML approach
$9,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,880,000
Current use
RESTAURANT
$10,415,000
Change: +77% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,875,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$9.65M
Range $8.68M – $10.61M · ±10% · vs last sale $9.65M (Mar 11 2024)
Last sale anchor
$9.65M
Mar 11 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$375 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$107,661
Tax year 2023
Assessed value
$8,578,126
Assessed 2023
Previous assessed
$8,578,126
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$573,368
Assessed improvement
$8,004,758
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
25,725 SF
Lot
2.31 ac (100,623 SF)
Zoning code
C2
APN
390-300-21-00-2
UPID
US09-5012741
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CAZoning C2 · permitted uses
C2 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.9M
RESTAURANT
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Mercy Sw LLC
Entity
Mailing address
5080 CALIFORNIA AVE STE #415, BAKERSFIELD, CA 93309-1994
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
$9,645,000
Mercy Sw LLC
Comprehensive Womens Health Center
Grant Deed
$6,828,500 · Tri Counties Bank
Jul 15, 2022
—
Comprehensive Womens Health Center
—
Deed
related
$7,200,000 · Citizens Business Bank
Sep 12, 2013
—
Mid St. Dev
Comprehensive Womens Health
Grant Deed
related
—
—
—
Comprehensive Womens Health
—
Deed Of Trust
related
$2,836,000 · Mid State Development
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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