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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Bars & Pubs
212 18th St Bakersfield, CA 93305-5609
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0255220
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1939
Construction
WOOD
Total area
14,100 SF
Lot
1.4 ac (60,983 SF)
Zoning code
M-1
APN
016-150-08-00-3
UPID
US09-0255220
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
-
La Movida Night Club Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$695k
Owner & transaction history
Jaime Castellanos LLC · 6 yrs held
Jaime Castellanos LLC
since 2020
7 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$49 / 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
$25,610
Tax year 2023
Assessed value
$791,282
Assessed 2023
Previous assessed
$791,282
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$235,883
Assessed improvement
$555,399
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
14,100 SF
Lot
1.4 ac (60,983 SF)
Zoning code
M-1
APN
016-150-08-00-3
UPID
US09-0255220
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.
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Jaime Castellanos LLC
Entity
Mailing address
212 E 18TH ST, BAKERSFIELD, CA 93305-5609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
—
Jaime Castellanos LLC
Hector Arambula
Correction Deed
$467,907 · De Alba Family Trust Of 2000
Jan 17, 2019
—
Jaime Castellanos LLC
Castellanos,jaime & Jimmy
Quit Claim Deed
related
—
Feb 10, 2016
—
Jaime Castellanos
Castellanos,jaime
Quit Claim Deed
related
—
Sep 7, 2012
—
Maybelline Gallegos
Gallegos,maybelline B
Quit Claim Deed
related
—
Nov 16, 2004
$900,000
Jaime Castellanos
Dealba 2000 Trust
Grant Deed
$960,000 · Dealba 2000 Family Trust 006329
Apr 17, 2002
—
Dealba Trust
Dealba,alfonso
Quit Claim Deed
related
—
Mar 3, 2000
—
De Alba Trust
De Alba,alfonso
Quit Claim Deed
related
—
May 23, 1996
$125,000
De Alba,alfonso
Leong,william & Helen
Trustees Deed
$100,000 · Seller
May 23, 1996
—
Alfonso De Alba
De Alba,josephine
Quit Claim Deed
related
—
—
—
Jaime Castellanos LLC
—
Deed Of Trust
related
$467,907 · De Alba Family Trust (pt)
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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