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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Office Spaces
11601 Bolthouse Dr Bakersfield, CA 93311-8714
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5190910
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2015
Construction
WOOD FRAME
Total area
26,527 SF
Lot
1.49 ac (64,904 SF)
Zoning code
WM-CO
APN
524-280-34-00-0
UPID
US09-5190910
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
-
Marc A. Thurston Apartment Real Estate Real Estate Agency
-
ASU Commercial Real Estate Agency
-
Entruity Wealth Financial Advisor
-
Zimmer & Melton LLP Law Firm
-
Bolthouse Properties LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.79M
Owner & transaction history
Bolthouse Props LLC · 9 yrs held
Bolthouse Props LLC
since 2017
1 recorded transaction
Zoning & alternative use
WM-CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+91.0%
Office building
$5.6M
+76.4%
Apartment house (5+ units)
$5.0M
+58.7%
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%
$4,575,000
6.5%
$4,225,000
7%
$3,920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,175,000
Current use
MEDICAL BUILDING
$6,065,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$5,600,000
Change: +76% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,040,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,225,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,770,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±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
$181 / 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
$78,904
Tax year 2023
Assessed value
$6,611,398
Assessed 2023
Previous assessed
$6,611,398
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$756,640
Assessed improvement
$5,854,758
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
5
Total area
26,527 SF
Lot
1.49 ac (64,904 SF)
Zoning code
WM-CO
APN
524-280-34-00-0
UPID
US09-5190910
Jurisdiction
KERN
Zoning & alternative use
WM-CO · Bakersfield, CA
Zoning WM-CO · permitted uses
WM-CO · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
5
Lot
1.49 ac
Current owner
From public records · entity-resolved
Bolthouse Props LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PMB 802ND #600, BAKERSFIELD, CA 93311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2017
—
Bolthouse Props LLC
Seven Oaks Business Park One
Quit Claim Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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