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Property profile & analytics
OFF-MARKET
Turn key restaurants
1203 18th St Bakersfield, CA 93301-4623
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-2190847
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
WOOD
Total area
6,765 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C-B
APN
006-161-04-00-8
UPID
US09-2190847
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
-
Diamond painting Food Market Farmer's Market
-
Bill Lee's Bamboo Chopsticks Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brandon W Lee · 2 yrs held
Brandon W Lee
since 2023
4 recorded transactions
Zoning & alternative use
C-B · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-B zone is intended to be applicable to the central business core area accommodating a diverse mix of medium high density residential, commercial, financial and institutional uses serving both city-wide and regional needs
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
76.16 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,431
Tax year 2023
Assessed value
$610,163
Assessed 2023
Previous assessed
$610,163
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$76,322
Assessed improvement
$533,841
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
6,765 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C-B
APN
006-161-04-00-8
UPID
US09-2190847
Jurisdiction
KERN
Zoning & alternative use
C-B · Bakersfield, CAZoning C-B · permitted uses
C-B · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-B zone is intended to be applicable to the central business core area accommodating a diverse mix of medium high density residential, commercial, financial and institutional uses serving both city-wide and regional needs
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
76.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Brandon W Lee
Individual
Free & Clear · 2 yrs held
Mailing address
2221 CEDAR ST, BAKERSFIELD, CA 93301-3442
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
Brandon W Lee
Brandon W Lee
Intrafamily Transfer
related
—
Sep 21, 2023
—
Valari J Lee
Valari J Lee
Intrafamily Transfer
related
—
Oct 17, 2018
—
Brandon W Lee
Lee Family Trust
Quit Claim Deed
related
—
Jun 17, 2011
—
Lee Family Trust
Lee,sherman & Vicki
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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