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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Parking lots & garages
1711 24th St Bakersfield, CA 93301
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2313580
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Construction
WOOD FRAME
Lot
0.25 ac (10,890 SF)
Zoning code
C-2
APN
003-122-05-00-5
UPID
US09-2313580
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Nnn Ca Auto Svc LLC · 3 yrs held
Nnn Ca Auto Svc LLC
since 2023
Last sale
$531,500
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 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
$740,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $532k (Jan 26 2023)
Last sale anchor
$532k
Jan 26 2023
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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,376
Tax year 2024
Assessed value
$541,620
Assessed 2024
Previous assessed
$541,620
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$515,100
Assessed improvement
$26,520
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.25 ac (10,890 SF)
Zoning code
C-2
APN
003-122-05-00-5
UPID
US09-2313580
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CAZoning C-2 · permitted uses
C-2 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Building & site characteristics
From public records
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Nnn Ca Auto Svc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1711 S 24TH ST STE #900, BAKERSFIELD, CA 93301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jan 26, 2023
$531,500
Nnn Ca Auto Svc LLC
Nancy M Hitchcock
Grant Deed
—
Jan 26, 2023
—
Nancy M Hitchcock
Nancy M Hitchcock
Intrafamily Transfer
related
—
Dec 29, 2022
—
Nancy M Hitchcock
Nancy M Hitchcock
Intrafamily Transfer
related
—
Apr 24, 2008
$7,023,500
National Retail Properties
Whitewater Holdings LLC
Grant Deed
—
Apr 24, 2008
—
Whitewater Holdings LLC
Sovereign Ww LLC
Grant Deed
related
—
Aug 25, 2004
—
Martin H R & F H Family Trust
Martin,frances H
Affidavit Of Death
related
—
Dec 29, 2000
—
Tower Energy Group
—
Deed Of Trust
related
$11,844,992 · Bay View Franchise Mtg Accepta
Dec 21, 2000
$3,076,897
Bay View Franchise Mtg Accepta
Carwash Of America Po LLC
Trustees Deed
related
—
Sep 30, 1980
—
Martin,herbert & Frances Trust
—
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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