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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
1125 Olive Dr Bakersfield, CA 93308-4141
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4574607
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
WOOD
Total area
8,265 SF
Lot
0.13 ac (5,662 SF)
Zoning code
M-2
APN
116-200-11-00-4
UPID
US09-4574607
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
-
Aaron's Home Appliance Store Hardware & Home Improvement
-
Kaila Resto Cosmetics store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.30M
Owner & transaction history
Sfc-olive 351 LLC · 13 yrs held
Sfc-olive 351 LLC
since 2013
7 recorded transactions
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of M-1 zone is to promote general industrial manufacturing and related uses
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
3,030.94 ac
Source
Realmo
Top alternative use upside
Medical building
$1.9M
+83.5%
Office building
$1.7M
+69.5%
Industrial (general)
$1.1M
+7.3%
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%
$1,320,000
6.5%
$1,220,000
7%
$1,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,030,000
Current use
MEDICAL BUILDING
$1,890,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,745,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,105,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,070,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$157 / 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
$19,898
Tax year 2023
Assessed value
$1,671,372
Assessed 2023
Previous assessed
$1,671,372
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$21,023
Assessed improvement
$1,650,349
Applied tax rate
57.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
8,265 SF
Lot
0.13 ac (5,662 SF)
Zoning code
M-2
APN
116-200-11-00-4
UPID
US09-4574607
Jurisdiction
KERN
Zoning & alternative use
M-2 · Bakersfield, CAZoning M-2 · permitted uses
M-2 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of M-1 zone is to promote general industrial manufacturing and related uses
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
3,030.94 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$990,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
COMMERCIAL (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
2013
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Sfc-olive 351 LLC
Entity
Mailing address
1155 CAMINO DEL MAR #480, DEL MAR, CA 92014-2605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2013
—
Sfc-olive 351 LLC
—
Trustees Deed
related
$800,000 · California Bank & Trust
Mar 28, 2013
$415,000
Sfc-olive 351 LLC
Olive Town Center LLC
Grant Deed
—
Nov 20, 2003
$6,500,000
Meister Managements Fairfield
Bhullar,sunny
Trustees Deed
$4,200,000 · Standard Insurance Co
Nov 20, 2003
—
Myrna Defriese
Defriese,donald
Quit Claim Deed
related
—
Sep 30, 1999
—
Sunny Bhullar
Bhullar,bhupinder K
Quit Claim Deed
related
$3,417,500 · Tmp Olive Drive LLC
Aug 6, 1996
—
Steinert Trust
Olive Drive LLC
Grant Deed
related
—
Aug 24, 1995
$4,100,000
Olive Drive LLC
Olive Drive Partners Ltd
Trustees Deed
related
—
—
—
Sfc-olive 351 LLC
—
Loan Modification
related
$635,000 · California Bk&tr
—
—
Sfc-olive 351 LLC
—
Deed Of Trust
related
$578,000 · Mortgage Cap Dev
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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