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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Theaters & concert halls
1009 Tulare St Bakersfield, CA 93305-4337
Individually Owned
Free & Clear
Property ID
US09-0418915
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1985
Construction
WOOD
Total area
4,844 SF
Lot
0.26 ac (11,325 SF)
Zoning code
M1
APN
014-260-12-00-2
UPID
US09-0418915
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
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Alkadashee Sulaiman
Alkadashee Sulaiman
since 2026
Last sale
$480,000
7 recorded transactions
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+157.7%
Medical building
$710,000
+149.7%
Office building
$670,000
+134.8%
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
$580,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$735,000
Change: +158% · Conversion: Difficult
MEDICAL BUILDING
$710,000
Change: +150% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +135% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$435,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $480k (Aug 9 2021)
Last sale anchor
$480k
Aug 9 2021
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
$113 / 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
$6,009
Tax year 2023
Assessed value
$489,600
Assessed 2023
Previous assessed
$489,600
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$81,600
Assessed improvement
$408,000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
2
Total area
4,844 SF
Lot
0.26 ac (11,325 SF)
Zoning code
M1
APN
014-260-12-00-2
UPID
US09-0418915
Jurisdiction
KERN
Zoning & alternative use
M1 · Bakersfield, CA
Zoning M1 · permitted uses
M1 · 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
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$710,000
OFFICE BUILDING
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$435,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Alkadashee Sulaiman
Individual
Free & Clear · 0 yrs held
Mailing address
3400 CHESTER AVE, BAKERSFIELD, CA 93301-1632
Ownership since
2026
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
Apr 7, 2026
—
Alkadashee Sulaiman
Salman Alkadashee
Deed
related
—
Aug 9, 2021
$480,000
Salman Alkadshee
Juan C Olmedo
Grant Deed
—
Aug 9, 2021
—
Adrees Alkadshee
Enais Ali
Intrafamily Transfer
related
$180,000 · Sandra Olmedo
Sep 4, 2015
—
Juan C Olmedo
Olmedo,sandra
Quit Claim Deed
related
—
May 19, 2014
$180,000
Sandra Olmedo
Hinmon Living Trust
Grant Deed
$150,000 · Hinmon Living Trust (lt)
Jul 12, 2012
$204,184
Hinmon Living Trust
Sbs Trust Deed Network
Trustees Deed
related
—
Apr 20, 2005
$245,000
Adela Salazar
Hinmon Trust
Grant Deed
$195,000 · Hinmon Trust
Oct 19, 2000
$103,000
Hinmon Trust
Burt Trust
Grant Deed
$83,000 · Seller
Dec 7, 1999
—
Burt Trust
Burt,jerry R & Donna R
Quit Claim Deed
related
—
Nov 23, 1999
$50,000
Burt Trust
Reese,victor G & Marilyn
Grant Deed
$50,000 · Seller
Sep 15, 1995
—
Burt Trust
Burt,jerry R & Donna R
Quit Claim Deed
related
—
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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