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Property profile & analytics
OFF-MARKET
Estimated value
$5,750,000
Office Spaces
1723 18th St Bakersfield, CA 93301-4306
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-2700770
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Construction
WOOD
Total area
22,869 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C2
APN
004-013-06-00-0
UPID
US10-2700770
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
-
Anomalous (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Oficina de Leyes Abogado Jorge Alesna, Jr. Law Firm
-
Solar Panel Guide Production Facility
-
Elite Payroll Services, Inc. Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.89M
CAP Approach
CAP
$4.42M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$5.75M
Owner & transaction history
Bitwisebkf LLC · 4 yrs held
Bitwisebkf LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+187.9%
Neighborhood: shopping center
$7.9M
+145.3%
Auto repair, garage
$7.5M
+133.4%
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
$7,145,000
ML approach
$5,890,000
CAP Approach
CAP Return
Estimation
6%
$4,785,000
6.5%
$4,415,000
7%
$4,100,000
Alternative Use
Use
Estimation
RESTAURANT
$9,260,000
Change: +188% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,890,000
Change: +145% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,505,000
Change: +133% · Conversion: Difficult
MEDICAL BUILDING
$5,290,000
Change: +65% · Conversion: Easy
OFFICE BUILDING
$4,540,000
Change: +41% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,970,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$3,700,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$5.75M
Range $5.18M – $6.33M · ±10% · vs last sale $5.50M (Jun 8 2022)
Last sale anchor
$5.50M
Jun 8 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
$251 / 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
$66,414
Tax year 2023
Assessed value
$11,051,700
Assessed 2023
Previous assessed
$11,051,700
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$168,300
Assessed improvement
$10,883,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
22,869 SF
Lot
0.18 ac (7,840 SF)
Zoning code
C2
APN
004-013-06-00-0
UPID
US10-2700770
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CAZoning C2 · permitted uses
C2 · Bakersfield, CA
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
RESTAURANT
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
RESTAURANT
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
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bitwisebkf 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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
1723 18th Street LLC
—
Deed
related
$2,000,000 · Startop Investments LLC
Dec 22, 2022
—
1701 18th Street LLC
—
Deed
related
$2,750,000 · Patrick Investments LLC
Jun 8, 2022
$750,000
Bitwisebkf LLC
Paul K Quiring
Grant Deed
—
Jun 8, 2022
$5,500,000
1723 18th Street LLC
Bitwisebkf LLC
Grant Deed
—
Nov 12, 2021
—
Paul K Quiring
—
Deed
related
$1,650,000 · Mid Valley Services INC
Jul 1, 2020
$500,000
Quiring,p K & J P Fam Trust
Bitwisebkf LLC
Grant Deed
—
Oct 22, 2019
$885,000
Bitwisebkf LLC
Mark J Muleady
Grant Deed
—
Feb 12, 2019
—
Mark J Muleady
Bowens Spirits INC
Quit Claim Deed
related
—
Sep 15, 2017
$610,000
Bowens Spirits INC
Wilson Sherri L Trust
Grant Deed
$460,000 · Wilson Sherri L Trust (rt)
Jul 26, 2013
—
Wilson,sherri L Trust
Wilson,sherri L
Quit Claim Deed
related
—
Oct 6, 2010
—
In Your Dreams Consignment INC
Brewer,dixie L
Grant Deed
—
Oct 6, 2010
$895,000
Sherri L Wilson
In Your Dreams Consignment INC
Grant Deed
$295,000 · In Your Dreams Consignment INC
Mar 31, 2005
$795,000
Kirby A Brewer
Silver Of Williams Ptshp
Grant Deed
$636,000 · Borrego Springs Bank
May 8, 1996
—
Clerou Trust
Clerou,ann J
Quit Claim 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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