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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Theaters & concert halls
206 China Grade Loop Bakersfield, CA 93308-1735
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3218965
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1957
Construction
WOOD
Total area
8,250 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-2
APN
117-082-03-00-8
UPID
US10-3218965
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
-
The Noble House Banquet Hall Wedding Service
-
The Noble House Hall (new owner Apr 2024) Wedding Service
-
Noble House Hall Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Chow Organization LLC · 2 yrs held
Chow Organization LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+169.2%
Medical building
$1.2M
+149.7%
Auto repair, garage
$760,000
+56.6%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,305,000
Change: +169% · Conversion: Difficult
MEDICAL BUILDING
$1,210,000
Change: +150% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Mar 13 2024)
Last sale anchor
$1.20M
Mar 13 2024
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
$145 / 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
$8,663
Tax year 2023
Assessed value
$689,582
Assessed 2023
Previous assessed
$689,582
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$137,912
Assessed improvement
$551,670
Applied tax rate
121.0000
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
1957
Construction
WOOD
Heating
YES
Cooling
YES
Total area
8,250 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-2
APN
117-082-03-00-8
UPID
US10-3218965
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning C-2 · permitted uses
C-2 · 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
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$760,000
RETAIL STORES
Est. value
$720,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1957
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.44 ac
Current owner
From public records · entity-resolved
Chow Organization LLC
Entity
Mailing address
411 N CENTRAL AVE STE #340, GLENDALE, CA 91203-2056
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
$1,200,000
Chow Organization LLC
Simon Arenas
Grant Deed
$900,000 · Simon Arenas Etux
Dec 2, 2016
—
Simon Arenas
—
Deed
related
$248,088 · Rabobank Nederland
Mar 31, 2006
$525,000
Simon Arenas
Gopher Realty LLC
Grant Deed
$315,000 · Elmer F Karpe INC
Oct 18, 2002
$190,000
Gopher Realty LLC
Karr,tr
Grant Deed
—
Apr 10, 2002
—
Karr Trust
Karr,terry D & Beverly J
Quit Claim Deed
related
—
Jan 31, 1979
$210,000
Terry D Karr
—
Grant Deed
related
—
—
—
Simon Arenas
—
Deed Of Trust
related
$248,088 · Rabobank Nederland
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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