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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Hotels
1715 18th St Bakersfield, CA 93301-4306
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2681683
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1915
Construction
WOOD
Total area
5,380 SF
Lot
0.09 ac (3,920 SF)
APN
004-013-02-01-7
UPID
US09-2681683
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
-
Porterfield hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.12M
Owner & transaction history
New Excambium LLC · 4 yrs held
New Excambium LLC
since 2022
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+147.7%
Auto repair, garage
$1.8M
+135.7%
Medical building
$1.2M
+66.2%
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
$1,430,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$750,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,855,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,765,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$1,245,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (Jul 5 2022)
Last sale anchor
$1.10M
Jul 5 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
$207 / 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
$13,318
Tax year 2023
Assessed value
$1,070,000
Assessed 2023
Previous assessed
$1,070,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$75,000
Assessed improvement
$995,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
YES
Cooling
YES
Units
18
Total area
5,380 SF
Lot
0.09 ac (3,920 SF)
APN
004-013-02-01-7
UPID
US09-2681683
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
RETAIL STORES
Est. value
$870,000
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1915
Construction
WOOD
Heating
YES
Cooling
Yes
Units
18
Lot
0.09 ac
Current owner
From public records · entity-resolved
New Excambium LLC
Entity
Free & Clear · 4 yrs held
Mailing address
700 VAN NESS AVE, FRESNO, CA 93721-2912
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
1715 18th Street LLC
—
Deed
related
$2,000,000 · Startop Investments LLC
Jul 5, 2022
$1,100,000
New Excambium LLC
Randhir D Bhakta
Grant Deed
—
May 1, 2012
—
Virmati S Patel
Patel,suryakant S
Affidavit Of Death
related
—
Apr 19, 2012
$400,000
Randhir D Bhakta
Patel,dipak G
Grant Deed
$200,000 · Dipak G & Kailash Patel
Jan 31, 1980
—
Dipak Govind Patel
—
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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