Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1002 18th St Bakersfield, CA 93305-5906
    Back to Search
    Property profile & analytics

    1002 18th St, Bakersfield, CA 93305-5906

    View on Map
    • Investment properties
    • 2,058 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Aug 26, 2022
    $300,000
    Property ID
    US09-2753151
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1002 18th St

    Year built
    1935
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    017-170-12-00-7
    APU
    1717012007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2022 $300,000 Luis Fernando Varcenas Trigueros Jason Fisher Grant Deed $280k · Lupe Castro Navarro Living Trust
    Sep 30, 2021 — Jason Fisher Nellie Enrique Navarro Affidavit Of Death Of Joint Tenant —
    Dec 31, 1974 — Lupe C Navarro — Grant Deed · related —
    — — Lupe C Navarro — Deed Of Trust · related $100k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.989
    Latitude
    35.3729
    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
    $4,139
    $90,000
    $210,000
    $300,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,017 SF

      319 19th St

      OFFICE/RESIDENTIAL (MIXED USE)
      319 19th St, Bakersfield, CA 93305-5105
      View Details
    • Value Estimation by Request
      4,760 SF

      2401 Alta Vis Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      2401 Alta Vis Dr, Bakersfield, CA 93305-2505
      View Details
    • Value Estimation by Request
      2,338 SF

      1500 Baker St

      OFFICE/RESIDENTIAL (MIXED USE)
      1500 Baker St, Bakersfield, CA 93305-3770
      View Details
    • Value Estimation by Request
      0.19 Acres

      2327 Riv Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      2327 Riv Blvd, Bakersfield, CA 93305-2641
      View Details
    • Value Estimation
      $580,000
      5,706 SF

      2103 Niles St

      OFFICE/RESIDENTIAL (MIXED USE)
      2103 Niles St, Bakersfield, CA 93305-5007
      View Details
    • Value Estimation by Request
      3,112 SF

      1302 19th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1302 19th St, Bakersfield, CA 93305-5309
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Mixed-Use Property | 4,000 SqFt

      Mixed-use property featuring 4,000 SqFt of commercial space.
      1825 Baker St, Bakersfield, CA 93305
      View Details
    • $399,000

      Bakersfield Mixed-Use Investment Opportunity

      Prime Bakersfield location, 399k, mixed-use potential.
      231 Beale Ave, Bakersfield, CA 93305
      View Details
    • Contact for pricing

      Triplex on Large Lot

      Triplex with development potential on a large lot.
      1917 Pacific St, Bakersfield, CA 93305
      View Details
    • Contact for pricing

      Remodeled Four-Unit Multifamily Property

      Recently remodeled four-unit building with freeway access and ample parking.
      223 Monterey St, Bakersfield, CA 93305
      View Details
    • Contact for pricing

      Freestanding Restaurant Building For Sale

      3,275 SF restaurant building with drive-thru and outdoor area.
      2617 Haley St, Bakersfield, CA 93305
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Restaurant Building with Drive-Thru

      3,275 SF restaurant building with drive-thru on 0.73 acres.
      2617 Haley St, Bakersfield, CA 93305
      View Details
    • Contact for pricing
      3,275 SF

      Bakersfield Restaurant - Prime Location

      Vacant Restaurant, Drive-Thru, .73 Acres
      2617 Haley St, Bakersfield, CA 93305
      View Details
    • Contact for pricing

      Industrial Space with Roll-Up Doors

      Flex/industrial space featuring multiple roll-up doors and yard space.
      222 Kentucky St, Bakersfield, CA 93305
      View Details
    • Contact for pricing
      22,570 SF

      Bakersfield Industrial Warehouse For Lease

      22,570 SF Warehouse, 2.28 Acres
      151 Truxtun Ave, Bakersfield, CA 93305
      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.
    1002 18th St
    Bakersfield, CA 93305-5906
    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

    Thank You for Inquiry
    1002 18th St, Bakersfield, CA, 93305
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!