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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Industrial properties
207 Ter Way Bakersfield, CA 93307-3317
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2297206
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1976
Construction
WOOD
Total area
7,257 SF
Lot
3.49 ac (152,024 SF)
Zoning code
C-2
APN
169-120-02-00-1
UPID
US09-2297206
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
-
Alamillo Rebar Factory Production Facility
-
Jose's Ornamental Supply Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.06M
Owner & transaction history
Joses Ornamental Supply Properties · 5 yrs held
Joses Ornamental Supply Properties
since 2021
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+123.4%
Office building
$1.5M
+106.3%
Apartment house (5+ units)
$1.3M
+78.3%
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%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$745,000
Current use
MEDICAL BUILDING
$1,660,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$1,530,000
Change: +106% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,325,000
Change: +78% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,250,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,005,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$146 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,409
Tax year 2024
Assessed value
$1,118,961
Assessed 2024
Previous assessed
$1,118,961
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$657,948
Assessed improvement
$461,013
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
GAS
Cooling
OTHER
Total area
7,257 SF
Lot
3.49 ac (152,024 SF)
Zoning code
C-2
APN
169-120-02-00-1
UPID
US09-2297206
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
INDUSTRIAL (GENERAL) Current
Est. value
$745,000
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1976
Construction
WOOD
Heating
GAS
Cooling
Yes
Lot
3.49 ac
Current owner
From public records · entity-resolved
Joses Ornamental Supply Properties
Entity
Mailing address
5625 S UN AVE, BAKERSFIELD, CA 93307-5421
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
—
Joses Ornamental Supply Properties
Joses Ornamental Supply INC
Grant Deed
—
May 29, 2019
$850,000
Joses Ornamental Supply INC
East Terrance Way LLC
Grant Deed
$722,500 · Wells Fargo Bank NA
May 21, 2018
—
207 East Terrace Way LLC
—
Deed
related
—
Dec 22, 2015
$675,000
207 East Terrace Way LLC
Tramel,alan
Grant Deed
$325,718
Apr 18, 1996
—
Alan Tramel
Tramel,carolyn J
Quit Claim Deed
related
—
Dec 16, 1994
—
Tramel Trust
Tramel,claude L
Quit Claim Deed
related
—
—
—
Alan Tramel
—
Deed Of Trust
related
$500,000 · Rabobank
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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