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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Warehouses
18059 Rosedale Hwy Bakersfield, CA 93314-8684
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1683912
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1966
Construction
WOOD
Total area
11,676 SF
Lot
10.42 ac (453,895 SF)
Zoning code
A1
APN
407-120-04-00-2
UPID
US09-1683912
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
-
Bakersfield Rentals Building Supply
-
Johasee Rebar, LP Construction Company General Contractor
-
Southwest Pools Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.97M
Owner & transaction history
Laut Farms LLC · 5 yrs held
Laut Farms LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
A1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+76.4%
Office building
$2.5M
+62.9%
Auto repair, garage
$1.9M
+22.9%
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
$2,195,000
ML approach
$2,185,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,225,000
7%
$2,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,515,000
Current use
MEDICAL BUILDING
$2,670,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$2,465,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,785,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,660,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $1.70M (Mar 17 2021)
Last sale anchor
$1.70M
Mar 17 2021
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
$169 / 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
$21,397
Tax year 2023
Assessed value
$1,768,680
Assessed 2023
Previous assessed
$1,768,680
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$936,360
Assessed improvement
$832,320
Applied tax rate
114.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
11,676 SF
Lot
10.42 ac (453,895 SF)
Zoning code
A1
APN
407-120-04-00-2
UPID
US09-1683912
Jurisdiction
KERN
Zoning & alternative use
A1 · Bakersfield, CA
Zoning A1 · permitted uses
A1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
10.42 ac
Current owner
From public records · entity-resolved
Laut Farms LLC
Entity
Mailing address
2572 S UN AVE, BAKERSFIELD, CA 93307-5009
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$1,700,000
Laut Farms LLC
Mld Properties LLC
Grant Deed
$1,275,000 · Kay Leonard Properties LLC
Mar 17, 2021
—
Mld Properties LLC
Mld Properties LLC
Intrafamily Transfer
related
—
May 3, 2016
—
Centurion Acquisition LP
—
Deed
related
$13,100 · Bank Of Montreal
Jul 30, 2013
—
Hill Family Trust
Hill,michael L & Debbie
Quit Claim Deed
related
—
Oct 13, 2008
—
Mld Properties LLC
Hill,michael L & Debbie
Grant Deed
—
—
—
Mld Props LLC
—
Deed Of Trust
related
$200,000 · Tri Counties Bank
—
—
Centurion Acquisition LP
—
Deed Of Trust
related
$13,100 · Bank Of Montreal
—
—
Hill Michael L
—
Deed Of Trust
related
$45,000 · California Republic Bank
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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