Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Retail space
11320 Ming Ave Bakersfield, CA 93311-1302
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3750147
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
WOOD FRAME
Total area
6,207 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C2
APN
522-610-22-00-6
UPID
US09-3750147
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
-
Bakersfield Eye Care Optometric Center Physician
-
Son Nguyen, O.D. Physician
-
Dewar's Express Grocery & Convenience Store Specialty Food Shop
-
Eight Oaks Affordable CarInsurances Bakersfield CA Marketing & Advertising
-
Krystal Vanichsarn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$885k
Owner & transaction history
Bolthouse Land Co LLC · 8 yrs held
Bolthouse Land Co LLC
since 2018
6 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+60.8%
Office building
$1.3M
+48.5%
Apartment house (5+ units)
$1.2M
+33.6%
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%
$1,030,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
MEDICAL BUILDING
$1,420,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$1,310,000
Change: +49% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$990,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$835,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$143 / 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
$24,937
Tax year 2023
Assessed value
$1,966,923
Assessed 2023
Previous assessed
$1,966,923
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$291,219
Assessed improvement
$1,675,704
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
WOOD FRAME
Heating
YES
Cooling
OTHER
Stories
1
Units
4
Total area
6,207 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C2
APN
522-610-22-00-6
UPID
US09-3750147
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$885,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$835,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2012
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Bolthouse Land Co LLC
Entity
Mailing address
4605 BUENA VIS RD600#600, BAKERSFIELD, CA 93311-8791
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
—
Bolthouse Land Co LLC
Bolthouse Props LLC
Quit Claim Deed
related
—
Mar 21, 2017
—
Bolthouse Properties LLC
—
Grant Deed
related
$15,000,000 · First Republic Bk
Oct 9, 2012
—
Cfcds-13 LLC
—
Deed Of Trust
related
$3,419,692 · Wells Fargo Bank
May 3, 2011
—
Bolthouse Props LLC
Bolthouse Props LLC
Quit Claim Deed
related
—
Jan 28, 2009
—
Bolthouse Props LLC
Bolthouse Southern Six LLC
Quit Claim Deed
related
—
Sep 30, 2008
—
Bolthouse Southern Six LLC
Castle & Cooke Ca INC
Trustees Deed
$3,869,000 · Bolthouse Props LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11320 Ming Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
