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Property profile & analytics
FOR SALE
Banks
1201 Baker St Bakersfield, CA 93305-4323
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-0029860
No photos on file
For Sale
Contact for pricing
1201 Baker St, Bakersfield, CA 93305-4323
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1972
Construction
WOOD
Total area
11,426 SF
Lot
1.38 ac (60,112 SF)
Zoning code
C-1
APN
014-100-16-00-7
UPID
US09-0029860
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
-
Bank of America (with Drive-thru ATM) Financial Advisor
-
Bank of America ATM (Drive-thru) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Lexi 26 Properties LLC · 1 yrs held
Lexi 26 Properties LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
C-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
492.41 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.7M
+101.3%
Medical building
$1.7M
+95.0%
Office building
$1.6M
+83.4%
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
$1,735,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,730,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$1,675,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,390,000
Change: +62% · Conversion: Difficult
RESTAURANT
$1,385,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±10% · vs last sale $2.07M (Mar 28 2025)
Last sale anchor
$2.07M
Mar 28 2025
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
$152 / 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
$23,786
Tax year 2023
Assessed value
$1,976,752
Assessed 2023
Previous assessed
$1,976,752
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$336,856
Assessed improvement
$1,639,896
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Total area
11,426 SF
Lot
1.38 ac (60,112 SF)
Zoning code
C-1
APN
014-100-16-00-7
UPID
US09-0029860
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CAZoning C-1 · permitted uses
C-1 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
492.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Lexi 26 Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
19608 SHADOW RDG WAY, PORTER RANCH, CA 91326-4006
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$2,070,000
Lexi 26 Properties LLC
Hayat Jalala
Grant Deed
—
Dec 2, 2024
—
Hayat Jalala
—
Deed
related
$1,100,000 · Logix FCU
Jan 10, 2022
—
Hayat Jalala
Hayat Jalala
Intrafamily Transfer
related
—
Jun 29, 2018
—
Hayat Jalala
Jalala,hayat
Quit Claim Deed
related
$1,100,000 · Bank Of Hope
May 24, 2018
$1,680,000
Hayat Jalala
Gpt Gig Boa Portfolio Owner Ll
Grant Deed
$800,000 · Wilshire Fin Ptrs
Dec 11, 2012
—
Gpt Gig Boa Portfolio Owner LLC
First State Investors 5000a LLC
Grant Deed
$200,000,000 · Jpmorgan Chase Bank NA
Aug 6, 2003
$1,446,500
First States Investors 5000a
Bank Of America
Grant 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.
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?”
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