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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Banks
1309 Chester Ave, Bakersfield, CA 93308-3522
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3199349
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1957
Construction
WOOD
Total area
6,060 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
113-142-03-00-7
UPID
US10-3199349
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
-
Wells Fargo ATM Atm
-
Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$540k
Owner & transaction history
Borg,frank & Vincenza Trust · 6 yrs held
Borg,frank & Vincenza Trust
since 2020
6 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$890,000
+95.0%
Auto repair, garage
$560,000
+22.3%
Retail stores
$530,000
+16.1%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$455,000
Current use
MEDICAL BUILDING
$890,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$440,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$89 / 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
$22,361
Tax year 2023
Assessed value
$1,834,303
Assessed 2023
Previous assessed
$1,834,303
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$136,651
Assessed improvement
$1,697,652
Applied tax rate
121.0000
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
Off-Market
Year built
1957
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
6,060 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C2
APN
113-142-03-00-7
UPID
US10-3199349
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
FINANCIAL BUILDING Current
Est. value
$455,000
MEDICAL BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$505,000
OFFICE BUILDING
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$440,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1957
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Borg,frank & Vincenza Trust
Trust
Free & Clear · 6 yrs held
Mailing address
424 CONSTITUTION WAY, SOUTH SAN FRANCISCO, CA 94080-5708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
$1,745,500
Borg,frank & Vincenza Trust
Hoffmann Family Trust
Grant Deed
—
Apr 11, 2003
$400,000
Hoffmann,tr
Millapede LLC
Grant Deed
$185,000 · San Joaquin Bank
Apr 4, 2002
—
Millapede LLC
Mildred J Ablin Estate
Grant Deed
related
—
Jan 26, 1995
—
George Ablin
Ablin,george
Quit Claim Deed
related
—
Jan 9, 1995
—
George Ablin
Ablin,mildred J
Quit Claim Deed
related
$35,430 · Clark Trust
Jan 9, 1995
$220,000
Ablin,george
Clark Trust
Trustees 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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