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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Medical Office Space
1601 Ml Rock Way Bakersfield, CA 93311-1315
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-2977875
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2003
Construction
WOOD
Total area
10,654 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CO
APN
390-060-27-00-1
UPID
US09-2977875
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
-
Southwest Family Dentistry Dental Office
-
Khalil Michael E DDS Dental Office
-
Dr. Anthony Ching Dental Office
-
Mark Jungwon Pak Dental Office
-
Jeffrey Chung Liu Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$2.98M
Owner & transaction history
Beaumont Street LLC · 13 yrs held
Beaumont Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+77.1%
Neighborhood: shopping center
$3.7M
+50.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,165,000
6.5%
$1,995,000
7%
$1,855,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,435,000
Current use
RESTAURANT
$4,315,000
Change: +77% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,675,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$2,250,000
Change: -8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,025,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10%
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
$280 / 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
$44,793
Tax year 2023
Assessed value
$3,624,125
Assessed 2023
Previous assessed
$3,624,125
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$602,771
Assessed improvement
$3,021,354
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
2
Total area
10,654 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CO
APN
390-060-27-00-1
UPID
US09-2977875
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CA
Zoning CO · permitted uses
CO · 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
MEDICAL BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
Beaumont Street LLC
Entity
Mailing address
26117 EMERALD CT, VALENCIA, CA 91381-0658
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Beaumont Street LLC
—
Deed
related
$1,504,597 · Zb NA
Jan 11, 2013
—
Beaumont Street LLC
Beaumont Street LLC
Quit Claim Deed
$2,175,000 · Bank Of The Sierra
Oct 24, 2002
—
Beaumont Street LLC
—
Trustees Deed
related
$960,000 · Bank Of The Sierra
—
—
Beaumont Street LLC
—
Deed Of Trust
related
$600,000 · Bank Of The Sierra
—
—
Beaumont Street LLC
—
Deed Of Trust
related
—
—
—
Anthony G Ching
—
Deed Of Trust
related
$280,000 · Bank Of The Sierra
—
—
Beaumont Street LLC
—
Deed Of Trust
related
$988,000 · Mid State Development
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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