Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    144 Chester Ave Bakersfield, CA 93308-4839
    Back to Search
    Property profile & analytics

    144 Chester Ave, Bakersfield, CA 93308-4839

    View on Map
    • Grocery and convenience stores
    • 1,696 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Sep 15, 2023
    Property ID
    US10-2216836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Caty Market / Grocery & Convenience Store / Food Market

    Property Details for 144 Chester Ave

    Year built
    1927
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    119-110-17-00-7
    APU
    11911017007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2023 — Houmphaeng S Khaithanousine Somphet Prasent Quit Claim Deed · related —
    Jul 18, 2023 — Kelly B Praseuth Scardigli Houmphaeng Khaithanousine Grant Deed —
    Apr 18, 2022 — Houmphaeng Khaithanousine Kelly B Praseuth Scardigli Quit Claim Deed · related —
    Apr 16, 2019 — Houmphaeng S Khaithanousine Khaithanousine,houmphaeng S Quit Claim Deed · related —
    Mar 28, 2001 $55,000 Houmphaeng S Khaithanousine Melson Trust Grant Deed $30k · Melson Trust
    Jul 17, 2000 — Nelson Trust Nelson,wayne G Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.021
    Latitude
    35.4066
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,323
    $56,100
    $188,700
    $244,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,920,000
      20,748 SF

      115 Roberts Ln

      GROCERY, SUPERMARKET
      115 Roberts Ln, Bakersfield, CA 93308-4339
      View Details
    • Value Estimation
      $1,250,000
      10,465 SF

      600 Norris Rd

      GROCERY, SUPERMARKET
      600 Norris Rd, Bakersfield, CA 93308-3201
      View Details
    • Value Estimation by Request
      2,400 SF

      6515 Fruitvale Ave

      GROCERY, SUPERMARKET
      6515 Fruitvale Ave, Bakersfield, CA 93308-2712
      View Details
    • Value Estimation
      $9,040,000
      57,560 SF

      6045 Coffee Rd

      GROCERY, SUPERMARKET
      6045 Coffee Rd, Bakersfield, CA 93308-9414
      View Details
    • Value Estimation
      $6,260,000
      41,038 SF

      3111 Chester Ave

      GROCERY, SUPERMARKET
      3111 Chester Ave, Bakersfield, CA 93308-1716
      View Details
    • Value Estimation by Request
      2,400 SF

      3200 Chester Ave

      GROCERY, SUPERMARKET
      3200 Chester Ave, Bakersfield, CA 93308-1302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,060 SF

      Former Bank Building For Lease

      6,060 SF former bank building available for lease.
      1309 N Chester Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      5,832 SF

      Bakersfield NNN Investment Property

      NNN investment property featuring three franchise tenants in Bakersfield.
      3505 Coffee Rd, Bakersfield, CA 93308
      View Details
    • $409,995
      2,798 SF

      Remodeled Commercial Building in Bakersfield

      Remodeled commercial building with two suites in high-traffic location.
      306 Roberts Ln, Bakersfield, CA 93308
      View Details
    • New
      Contact for pricing
      2,500 SF

      Freestanding Retail and Office Building

      Freestanding building with dedicated parking and a fenced, gated yard suitable for vehicle-related uses.
      222 Minner Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      2,798 SF

      Remodeled Commercial Building For Sale

      Remodeled commercial building with two suites in high-traffic location.
      306 Roberts Ln, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Highway 99 Travel Center Development

      Planned mixed-use travel center development along Highway 99 corridor.
      Merced Ave, Bakersfield, CA 93308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space For Rent

      In-line retail space available for rent.
      2337-2345 N Chester Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,105 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,105 square feet.
      909 N Chester Ave, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space in Bakersfield

      Retail space available for lease in Bakersfield, California.
      Wings Way, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Bakersfield Center

      Retail space available in shopping center anchored by Vons.
      4500 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,085 SF

      Retail Space Near Amazon Center

      Retail space for rent near a large Amazon fulfillment center.
      35315 Merle Haggard Dr, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,081 SF

      Retail Space Available For Rent

      Retail space available for lease in Bakersfield, California.
      5210 Olive Dr, Bakersfield, CA 93308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    144 Chester Ave
    Bakersfield, CA 93308-4839
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    144 Chester Ave, Bakersfield, CA, 93308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!