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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Grocery and convenience stores
1305 Niles St Bakersfield, CA 93305-4729
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-5040666
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1939
Construction
WOOD
Total area
5,920 SF
Lot
0.35 ac (15,245 SF)
Zoning code
C1
APN
015-250-01-00-4
UPID
US09-5040666
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
-
Fontana Liquor & Market (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Renee's Kid Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$555k
Owner & transaction history
Jack Haddad Baker · 16 yrs held
Jack Haddad Baker
since 2010
7 recorded transactions
Zoning & alternative use
C1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$765,000
+88.5%
Commercial (general)
$710,000
+74.1%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$405,000
Current use
WAREHOUSE, STORAGE
$765,000
Change: +89% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$94 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,675
Tax year 2024
Assessed value
$376,806
Assessed 2024
Previous assessed
$376,806
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$94,199
Assessed improvement
$282,607
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Total area
5,920 SF
Lot
0.35 ac (15,245 SF)
Zoning code
C1
APN
015-250-01-00-4
UPID
US09-5040666
Jurisdiction
KERN
Zoning & alternative use
C1 · Bakersfield, CA
Zoning C1 · permitted uses
C1 · 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
$405,000
WAREHOUSE, STORAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES Current
WAREHOUSE, STORAGE
COMMERCIAL (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
1939
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Jack Haddad Baker
Individual
Mailing address
12057 LOUISE AVE, GRANADA HILLS, CA 91344-2463
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2010
$249,000
Jack Haddad Baker
Munther Hawatmeh
Quit Claim Deed
related
$249,000 · Allstar Financial Services INC
Jul 8, 2010
—
Munther Hawatmeh
Hawatmeh,liana
Quit Claim Deed
related
—
May 19, 2010
$190,000
Munther Hawatmeh
—
Trustees Deed
related
—
Jul 31, 2007
$400,000
Jack S Haddad
Whitewall R/e & Investment LLC
Grant Deed
$300,000 · Whitewall R/e & Investment LLC
Feb 27, 2006
$60,000
Wall R E White
Siripane,khamphou
Grant Deed
—
Jan 31, 2003
$95,000
Khamphou Siripane
Fontana,marie
Grant Deed
$61,750 · Cmr Mortgage Fund LLC
Jan 31, 2003
—
Khamphou Siripane
Siripane,luz M
Quit Claim Deed
related
—
—
—
Whitewall R/e & Inv LLC
—
Deed Of Trust
related
$50,000 · John R Dunstun
—
—
Whitewall R/e & Inv LLC
—
Deed Of Trust
related
$135,000 · John R Dunstan
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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