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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Medical Office Space
2026 21st St Bakersfield, CA 93301-4220
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-0447051
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
WOOD
Total area
3,510 SF
Lot
0.21 ac (9,147 SF)
Zoning code
C-O
APN
003-212-12-00-1
UPID
US09-0447051
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
-
Western Ag Crop Insurance Services Insurance Agency
-
Borda Mortgage Advisors Loan Service Bank
-
Walters & Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Tes Business Properties LLC · 2 yrs held
Tes Business Properties LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+49.1%
Auto repair, garage
$1.2M
+41.8%
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
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$810,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,150,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.08M (Sep 15 2023)
Last sale anchor
$1.08M
Sep 15 2023
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
$299 / 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
$3,876
Tax year 2023
Assessed value
$308,817
Assessed 2023
Previous assessed
$308,817
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$84,476
Assessed improvement
$224,341
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
3,510 SF
Lot
0.21 ac (9,147 SF)
Zoning code
C-O
APN
003-212-12-00-1
UPID
US09-0447051
Jurisdiction
KERN
Zoning & alternative use
C-O · Bakersfield, CA
Zoning C-O · permitted uses
C-O · 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
MEDICAL BUILDING Current
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$695,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1967
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Tes Business Properties LLC
Entity
Mailing address
15006 HENDERSON AVE, BAKERSFIELD, CA 93314-7210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$1,075,000
Tes Business Properties LLC
Krewa Company LLC
Grant Deed
$724,500 · Citizens Business Bank
Apr 27, 2004
—
Krewa Co LLC
Kress,wayne
Grant Deed
related
—
Jul 17, 2003
—
Leslie R Walters-kress
Walters,leslie R
Quit Claim Deed
related
$204,000 · Certified Development Corp
Oct 16, 2001
—
Leslie R Walters
Del Toro,jorge E & Lorene E
Grant Deed
$195,750 · Mission Bank
Oct 29, 1999
$227,000
Jorge E Del Toro
Lynch Trust
Grant Deed
$181,600 · Taft National Bank
Apr 21, 1994
$285,000
Lynch Trust
Shaffer Trust
Trustees Deed
$255,000 · Seller
Apr 21, 1994
—
Shaffer Trust
Shaffer,thomas H
Quit Claim Deed
related
—
—
—
Thomas H Shaffer
—
Deed Of Trust
related
$175,000 · First Trust Bank
—
—
Krewa Co LLC
—
Deed Of Trust
related
$435,000 · Mission Bank
—
—
Leslie R Walters
—
Deed Of Trust
related
$245,000 · Mission Bank
—
—
Leslie R Walters
—
Deed Of Trust
related
$196,000 · Mission 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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