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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Distribution centers
1447 James Rd Bakersfield, CA 93308-9843
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-1760194
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Construction
WOOD FRAME
Total area
63,976 SF
Lot
4.94 ac (215,186 SF)
Zoning code
M2/PD/H
APN
483-220-37-00-3
UPID
US09-1760194
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Sheldon Appel · 4 yrs held
Sheldon Appel
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
M2/PD/H · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$840,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $900k (Jan 27 2022)
Last sale anchor
$900k
Jan 27 2022
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
$17 / 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
$12,367
Tax year 2023
Assessed value
$1,039,650
Assessed 2023
Previous assessed
$1,039,650
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,039,650
Applied tax rate
57.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
63,976 SF
Lot
4.94 ac (215,186 SF)
Zoning code
M2/PD/H
APN
483-220-37-00-3
UPID
US09-1760194
Jurisdiction
KERN
Zoning & alternative use
M2/PD/H · Bakersfield, CAZoning M2/PD/H · permitted uses
M2/PD/H · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2023
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
4.94 ac
Current owner
From public records · entity-resolved
Sheldon Appel
Individual
Free & Clear · 4 yrs held
Mailing address
1616 OCEAN PARK BLVD, SANTA MONICA, CA 90405-4822
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Sheldon Appel
Sheldon Appel
Intrafamily Transfer
related
—
Dec 13, 2016
—
California Resources Elk
—
Deed
related
—
Dec 1, 2016
—
California Resources Elk Hills
—
Deed
related
—
Jul 18, 2014
$900,000
Appel,erwin & Essie 1975 Trust
Townsend Ents
Grant Deed
$450,000 · Townsend Ents
Mar 21, 2012
$266,500
Townsend Ents
Citizens Busn Bk
Grant Deed
—
Dec 14, 2010
$3,513,552
Citizens Busn Bk
Td Service Co
Trustees Deed
related
—
—
—
California Resources Elk
—
Loan Modification
related
—
—
—
California Resources Elk Hills
—
Loan Modification
related
—
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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