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Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Manufacturing properties
200 2nd St Bakersfield, CA 93304-3200
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2793729
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1946
Construction
WOOD
Total area
29,820 SF
Lot
2.14 ac (93,176 SF)
Zoning code
M-1
APN
010-090-10-00-9
UPID
US09-2793729
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
-
PPG Traffic Solutions Center Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$6.24M
Blend (final)
Blend
$4.62M
Owner & transaction history
Ennis Paint INC · 27 yrs held
Ennis Paint INC
since 1999
3 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.8M
+69.6%
Office building
$5.8M
+44.0%
Auto repair, garage
$4.8M
+18.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,075,000
6.5%
$4,685,000
7%
$4,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,020,000
Current use
MEDICAL BUILDING
$6,820,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$5,790,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,750,000
Change: +18% · Conversion: Easy
RETAIL STORES
$4,325,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,005,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±10%
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
$155 / 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
$46,120
Tax year 2023
Assessed value
$3,889,707
Assessed 2023
Previous assessed
$3,889,707
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$224,247
Assessed improvement
$3,665,460
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
2
Total area
29,820 SF
Lot
2.14 ac (93,176 SF)
Zoning code
M-1
APN
010-090-10-00-9
UPID
US09-2793729
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CA
Zoning M-1 · permitted uses
M-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1946
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Ennis Paint INC
Entity
Mailing address
4161 PIEDMONT PKWY STE #370, GREENSBORO, NC 27410-8176
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2014
—
Ennis Paint INC
—
Grant Deed
related
$390,000,000 · Credit Suisse Ag
May 12, 1999
$260,000
Ennis Paint INC
Morningstar Foods INC
Grant Deed
—
—
—
Ennis Paint INC
—
Deed Of Trust
related
$290,000,000 · Credit Suisse Ag
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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