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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Industrial properties
1416 Golden State Ave Bakersfield, CA 93301-2033
Individually Owned
2-yr Hold
Free & Clear
Property ID
US10-3260501
Property profile
Verified
Property type
Industrial properties
Use group
REFINERY, PETROLEUM PRODUCTS
Year built
1941
Construction
WOOD
Total area
3,049 SF
Lot
0.48 ac (20,908 SF)
Zoning code
M1
APN
002-240-06-00-2
UPID
US10-3260501
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
-
Circle Deli Food Market Restaurant
-
ATM (Circle Deli) Atm
-
Global Scrappers & Recyclers Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Mercedes E Penarejo · 2 yrs held
Mercedes E Penarejo
since 2023
Last sale
$590,000
6 recorded transactions
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$550,000
+152.6%
Medical building
$455,000
+109.2%
Office building
$450,000
+105.5%
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
$820,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$550,000
Change: +153% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: +105% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $590k (Dec 21 2023)
Last sale anchor
$590k
Dec 21 2023
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
$200 / 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
$9,375
Tax year 2023
Assessed value
$774,962
Assessed 2023
Previous assessed
$774,962
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$426,885
Assessed improvement
$348,077
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
Industrial properties
Use group
REFINERY, PETROLEUM PRODUCTS
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
3,049 SF
Lot
0.48 ac (20,908 SF)
Zoning code
M1
APN
002-240-06-00-2
UPID
US10-3260501
Jurisdiction
KERN
Zoning & alternative use
M1 · Bakersfield, CA
Zoning M1 · permitted uses
M1 · 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
COMMERCIAL (GENERAL)
Est. value
$550,000
MEDICAL BUILDING
Est. value
$455,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1941
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mercedes E Penarejo
Individual
Free & Clear · 2 yrs held
Mailing address
910 S REAL RD, BAKERSFIELD, CA 93309-4132
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
Mercedes E Penarejo
Mercedes Bumatay Penarejo
Intrafamily Transfer
related
—
Mar 10, 2006
$590,000
Mercedes B Penarejo
Armbruster,steven M & Irene
Grant Deed
—
Mar 10, 2006
—
Steven M Armbruster
Armbruster,edward E
Affidavit Of Death
related
—
Apr 23, 2004
—
Armbruster,tr
Armbruster,steven & Irene
Quit Claim Deed
related
—
Apr 22, 2004
—
Steven M Armbruster
Armbruster,edward
Quit Claim Deed
related
—
Aug 19, 1991
$167,000
Edwar Armbruster
Oconnor,suzanna
Grant Deed
$107,000 · Seller
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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