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Property profile & analytics
OFF-MARKET
Motels
1505 Ml Rock Way Bakersfield, CA 93311-1346
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3103758
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2004
Construction
WOOD
Total area
83,388 SF
Lot
3.15 ac (137,214 SF)
APN
390-060-31-00-2
UPID
US09-3103758
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
-
Homewood Suites by Hilton Bakersfield Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Golden Valley Hospitality LLC · 2 yrs held
Golden Valley Hospitality LLC
since 2024
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$178,807
Tax year 2023
Assessed value
$14,558,397
Assessed 2023
Previous assessed
$14,558,397
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,577,238
Assessed improvement
$12,981,159
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
123
Total area
83,388 SF
Lot
3.15 ac (137,214 SF)
APN
390-060-31-00-2
UPID
US09-3103758
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
123
Lot
3.15 ac
Current owner
From public records · entity-resolved
Golden Valley Hospitality LLC
Entity
Mailing address
1505 PO BOX 22170TH WAY, BAKERSFIELD, CA 93390-2170
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$21,990,000
Golden Valley Hospitality LLC
Jgbailey Company Millrock Way 2 LLC
Grant Deed
$15,500,000 · Bank Of The Sierra
Aug 9, 2016
—
J G Bailey Co Millrock Way-2 L
—
Deed
related
$3,068,000 · Mid St Dev
Aug 5, 2016
—
J G Bailey Co Millrock Way-2 L
—
Deed
related
$3,000,000 · Tri Counties Bank
Jun 21, 2006
—
J G Bailey Co Millrock Way 2 LLC
Jimson Investments LLC
Grant Deed
$12,800,000 · Countrywide Com Real Estate Fin INC
Jul 22, 2005
—
Jimson Investments LLC
Jimson Investments LLC
Quit Claim Deed
related
$12,000,000 · First Regional Bank
—
—
J G Bailey Co Millrock Way-2 L
—
Deed Of Trust
related
$10,000,000 · Tri Counties Bank
—
—
J G Bailey Co Millrock Way-2 L
—
Deed Of Trust
related
$3,000,000 · Tri Counties Bank
—
—
J G Bailey Co Millrock Way-2 L
—
Deed Of Trust
related
$3,068,000 · Mid St Dev
—
—
Jimson Investments LLC
—
Deed Of Trust
related
$8,300,000 · San Joaquin Bank
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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