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    Property profile & analytics

    1441 Grn St Tehachapi, CA 93561

    • Apartment buildings
    • 54,490 SF
    • 4.02 lot acres
    OFF-MARKET
    Value Estimations
    $7,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0608407
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1441 Grn St

    Year built
    1988
    Construction
    WOOD
    Lot size
    4.02 lot acres
    Property size
    54,490 SF
    Property type
    Apartment buildings
    APN
    417-012-12-00-0
    APU
    41701212000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,460,000
      6.5%
      $9,655,000
      7%
      $8,970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,133,000
      Market price range: $6.65M - $14.6M
      AI Estimate
      $4,575,000
      Market price range: $2.36M - $11.6M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $10,835,000
      Current use
      MEDICAL BUILDING
      $11,485,000
      Change: +6% Conversion: Moderate
      OFFICE BUILDING
      $10,555,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tehachapi
    County
    Kern
    State
    California
    Longitude
    -118.448
    Latitude
    35.1125
    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
    $54,674
    $506,908
    $3,414,617
    $3,921,525
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,455,000
      42,848 SF

      430 Ml St

      APARTMENT HOUSE (5+ UNITS) • 42,848 SF
      430 Ml St, Tehachapi, CA 93561
      View Details
    • Value Estimation
      $7,410,000
      45,873 SF

      600 Cherry Ln

      APARTMENT HOUSE (5+ UNITS) • 45,873 SF
      600 Cherry Ln, Tehachapi, CA 93561-2187
      View Details
    • Value Estimation
      $2,625,000
      28,930 SF

      851 Tucker Rd

      APARTMENT HOUSE (5+ UNITS) • 28,930 SF
      851 Tucker Rd, Tehachapi, CA 93561-8686
      View Details
    • Value Estimation
      $655,000
      5,280 SF

      21100 Santa Maria Dr

      APARTMENT HOUSE (5+ UNITS) • 5,280 SF
      21100 Santa Maria Dr, Tehachapi, CA 93561-8739
      View Details
    • Value Estimation
      $975,000
      9,920 SF

      21331 Golden Hls Blvd

      APARTMENT HOUSE (5+ UNITS) • 9,920 SF
      21331 Golden Hls Blvd, Tehachapi, CA 93561-8734
      View Details
    • Value Estimation
      $2,260,000
      17,226 SF

      410 Cummings Vly Blvd

      APARTMENT HOUSE (5+ UNITS) • 17,226 SF
      410 Cummings Vly Blvd, Tehachapi, CA 93561
      View Details

    Similar Nearby for Sale

    • New
      $710,000
      3,317 SF

      Charming Tehachapi Fourplex For Sale

      Tehachapi fourplex featuring two-bedroom units and single-car garages.
      21247 Madre St, Tehachapi, CA 93561
      View Details
    • Contact for pricing
      109,771.00 Acres

      Tehachapi Land For Sale

      Residential land with potential building opportunities in Tehachapi, California.
      Bernina Way, Tehachapi, CA 93561
      View Details
    • Contact for pricing
      2.26 Acres

      Tehachapi Land with Mountain Views

      2.26 acre lot in Kern County near Tehachapi, CA.
      17001 Interlaken St, Tehachapi, CA 93561
      View Details
    • $119,500
      95,396.00 Acres

      Bear Valley Springs Land Opportunity

      2.19 acre lot in Bear Valley Springs gated community.
      Butterfield Way, Bear Valley Springs, CA 93561
      View Details
    • $75,000
      45,738.00 Acres

      Tehachapi Acreage with Mountain Views

      1.05-acre lot with forever views and included house plans.
      Zurich Dr, Tehachapi, CA 93561
      View Details
    • $39,000
      10.00 Acres

      Ten Acre Ranch Land

      Ten acre parcel for off-grid ranch in Old West Ranch.
      E Gate Rd, Tehachapi, CA 93561
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,130 SF

      Drive-Thru Restaurant Space Available

      New drive-thru restaurant space in a mixed-use development.
      860 Magellan Dr, Tehachapi, CA 93561
      View Details
    • $7,500 /Mo
      8,400 SF

      Tehachapi Light Industrial Opportunity

      8,400 SF industrial building on 1.15 acres for lease.
      428 N Curry St, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Former Kmart on High-Traffic Boulevard

      Large retail space with redevelopment potential in Tehachapi, California.
      710 W Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Retail Center on Tucker Road

      Shopping center with national tenants along a primary retail corridor.
      655 Tucker Rd, Tehachapi, CA 93561
      View Details
    • Contact for pricing

      Freeway Visible Commercial Land

      One acre commercial land for lease with freeway visibility.
      862 Magellan Dr, Tehachapi, CA 93561
      View Details
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    Tehachapi, CA 93561
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    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
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