Technical
Financial
Distress signals
Property profile

1221 Mt Vernon Ave Bakersfield, CA 93306

OFF-MARKET
Turn key restaurants
Property ID
US09-0421572
2,276 SF 0.36 ac lot Built 1985
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction WOOD
Total area 2,276 SF
Lot 0.36 ac (15,681 SF)
Zoning code C-2
APN 137-530-15-00-5
UPID US09-0421572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1221 Mt Vernon Ave Bakersfield, CA 93306-5100
Bakersfield metro Census 1107 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2012
5 recorded transactions
2019
Price N/A
2012
$572,000
2006
Price N/A
2003
Price N/A
1999
$424,000

Zoning & alternative use

C-2 · Bakersfield, CA
Zoning description

The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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