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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Banks
1640 Chester Ave Bakersfield, CA 93301
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-2532541
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Construction
WOOD FRAME
Lot
0.24 ac (10,454 SF)
Zoning code
C-B
APN
006-201-01-00-0
UPID
US10-2532541
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
-
Fastrip Grocery & Convenience Store
-
Fishs Cannibus Shop Pharmacy
-
ATM Atm
-
ATM (Fastrip Food Store) Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Erwin LLC · 7 yrs held
Erwin LLC
since 2018
3 recorded transactions
Zoning & alternative use
C-B · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-B zone is intended to be applicable to the central business core area accommodating a diverse mix of medium high density residential, commercial, financial and institutional uses serving both city-wide and regional needs
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
76.16 ac
Source
Realmo
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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
—
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
$3,142
Tax year 2023
Assessed value
$246,605
Assessed 2023
Previous assessed
$246,605
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$246,605
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.24 ac (10,454 SF)
Zoning code
C-B
APN
006-201-01-00-0
UPID
US10-2532541
Jurisdiction
KERN
Zoning & alternative use
C-B · Bakersfield, CAZoning C-B · permitted uses
C-B · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-B zone is intended to be applicable to the central business core area accommodating a diverse mix of medium high density residential, commercial, financial and institutional uses serving both city-wide and regional needs
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
76.16 ac
Source
Realmo
Building & site characteristics
From public records
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Erwin LLC
Entity
Mailing address
6140 VARIEL AVE, WOODLAND HILLS, CA 91367-3721
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2018
$15,643,000
Erwin LLC
1430 Truxtun Ave Bldg Co-partn
Trustees Deed
$5,600,000 · Rabobank
Jun 5, 2018
—
1430 Truxtun Ave Bldg Co-partn
—
Grant Deed
related
$11,128,000 · Rabobank
Jan 29, 1997
$1,000
Truxtun Tower Associates
Chester Land Co
Grant Deed
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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