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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Theaters & concert halls
1819 Brundage Ln Bakersfield, CA 93304-2846
Entity Owned
Free & Clear
Property ID
US09-3122865
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1955
Construction
WOOD
Total area
6,794 SF
Lot
0.7 ac (30,491 SF)
Zoning code
C1
APN
147-290-03-00-4
UPID
US09-3122865
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
-
ARCO Gas Station
-
ampm Grocery & Convenience Store
-
Society For Disabled Children Charitable Organization Social Service Agency
-
Lead Witt Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Be Finally Free INC
Be Finally Free INC
since 2026
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
C1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+158.9%
Medical building
$995,000
+149.7%
Auto repair, garage
$945,000
+136.5%
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
$715,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,035,000
Change: +159% · Conversion: Difficult
MEDICAL BUILDING
$995,000
Change: +150% · Conversion: Difficult
AUTO REPAIR, GARAGE
$945,000
Change: +137% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +132% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$730,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $750k (Jan 13 2026)
Last sale anchor
$750k
Jan 13 2026
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
$108 / 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
$8,491
Tax year 2023
Assessed value
$700,000
Assessed 2023
Previous assessed
$700,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$305,000
Assessed improvement
$395,000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
6,794 SF
Lot
0.7 ac (30,491 SF)
Zoning code
C1
APN
147-290-03-00-4
UPID
US09-3122865
Jurisdiction
KERN
Zoning & alternative use
C1 · Bakersfield, CA
Zoning C1 · permitted uses
C1 · 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
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$730,000
RETAIL STORES
Est. value
$630,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1955
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Be Finally Free INC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 CALIFORNIA AVE, BAKERSFIELD, CA 93309-7029
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
$750,000
Be Finally Free INC
Bakersfield Arc INC
Grant Deed
—
Nov 4, 2022
$700,000
Bakersfield Arc INC
Bakersfield Arc Foundation
Grant Deed
—
Apr 5, 2021
—
Bakersfield Arc Foundation
Society For Disabled Children
Quit Claim Deed
related
—
Jun 30, 1993
$275,000
Society Crippled Children & Ad
Hotel & Restaura
Grant Deed
$85,000 · Hotel & Restaurant
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.
Try Rey
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