Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Parking lots & garages
1415 18th St Bakersfield, CA 93301-4430
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-3615260
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Construction
WOOD FRAME
Lot
0.17 ac (7,622 SF)
Zoning code
C-B
APN
006-171-02-00-5
UPID
US09-3615260
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
-
Golden West Appraisal Real Estate Agency
-
Seair Transport Services Trucking Company
-
Fair Cases Law Group, Personal Injury Lawyers Law Firm
-
William Weisman OD Physician
-
Fidus Global Limited Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
Chester Tower LLC · 11 yrs held
Chester Tower LLC
since 2014
5 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
Method
Estimation
Statistic approach
by Request
ML approach
$295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
—
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
$1,866
Tax year 2023
Assessed value
$155,943
Assessed 2023
Previous assessed
$155,943
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$155,943
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.17 ac (7,622 SF)
Zoning code
C-B
APN
006-171-02-00-5
UPID
US09-3615260
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
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Chester Tower LLC
Entity
Mailing address
PO BOX 35279, LOS ANGELES, CA 90035-0279
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2019
—
Chester Tower LLC
—
Grant Deed
related
$1,700,000 · Mechanics Bk
Sep 2, 2014
$3,613,540
Chester Tower LLC
Chester Equities LLC
Deed In Lieu Of Foreclosure
related
$1,880,000 · Rabobank NA
Aug 7, 2009
—
Chester Equities LLC
—
Deed Of Trust
related
$1,990,823 · California Business Bank
Aug 12, 1992
$1,545,628
Jmlb INC
Chester,investme
Trustees Deed
related
—
—
—
Chester Equities LLC
—
Deed Of Trust
related
$889,500 · Israel Discount Bank New York
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?”
You own 1415 18th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
