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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Apartment buildings
1009 Riv Rnch Dr Bakersfield, CA 93312-4322
Trust Owned
21-yr Hold
Property ID
US10-2985891
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Construction
WOOD
Total area
8,268 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R-1
APN
501-120-14-00-8
UPID
US10-2985891
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.51M
Owner & transaction history
Remedios Family Trust · 21 yrs held
Remedios Family Trust
since 2005
7 recorded transactions
Zoning & alternative use
R-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+49.8%
Office building
$1.7M
+38.3%
Auto repair, garage
$1.3M
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,425,000
7%
$1,325,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Current use
MEDICAL BUILDING
$1,890,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$1,745,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,315,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,175,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10%
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
$183 / 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
$18,359
Tax year 2023
Assessed value
$1,205,794
Assessed 2023
Previous assessed
$1,205,794
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$133,967
Assessed improvement
$1,071,827
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
12
Total area
8,268 SF
Lot
0.46 ac (20,037 SF)
Zoning code
R-1
APN
501-120-14-00-8
UPID
US10-2985891
Jurisdiction
KERN
Zoning & alternative use
R-1 · Bakersfield, CA
Zoning R-1 · permitted uses
R-1 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
12
Lot
0.46 ac
Current owner
From public records · entity-resolved
Remedios Family Trust
Trust
Mailing address
1205 S H ST, BAKERSFIELD, CA 93304-4510
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
—
Peter J Remedios
—
Deed
related
$1,022,000 · Citizens Business Bank
Feb 27, 2019
—
Remedios Family Trust
—
Deed
related
$625,000 · Bank Of The Sierra
Mar 1, 2005
—
Remedios Family Trust
Remedios,peter & Heather C
Quit Claim Deed
related
$250,000 · Finley Wayne W Trust
Sep 15, 2004
$248,500
Peter Remedios
Stevenson,krista
Grant Deed
—
Mar 14, 2003
—
Krista Stevenson
Stevenson,ronald D
Quit Claim Deed
related
—
Mar 14, 2003
$292,000
Krista Stevenson
Finley,tr
Grant Deed
related
$272,000 · Finley Trust
Apr 28, 1999
$87,000
Remedios Trust
Raymond Trust
Grant Deed
$47,000 · Seller
Feb 16, 1999
—
Raymond Trust
Raymond,george D
Quit Claim Deed
related
—
Apr 6, 1998
—
Finley Trust
Finley,wayne W
Quit Claim Deed
related
—
—
—
Remedios Family Trust
—
Deed Of Trust
related
$625,000 · Bank Of The Sierra
—
—
Peter Remedios
—
Deed Of Trust
related
$520,000 · County Commerce Bank
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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