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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Flex space
2138 Un Ave Bakersfield, CA 93305
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3229499
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1954
Construction
WOOD
Total area
4,140 SF
Lot
1.12 ac (48,787 SF)
Zoning code
M1
APN
170-040-02-00-8
UPID
US09-3229499
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
-
MB Truck Repair LLC Auto Repair Shop
-
MBT Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$560k
Owner & transaction history
Mb Investments LLC · 7 yrs held
Mb Investments LLC
since 2019
5 recorded transactions
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$875,000
+122.4%
Auto repair, garage
$660,000
+67.8%
Warehouse, storage
$535,000
+36.5%
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%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$395,000
Current use
OFFICE BUILDING
$875,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +68% · Conversion: Easy
WAREHOUSE, STORAGE
$535,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$495,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$135 / 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
$3,459
Tax year 2023
Assessed value
$273,409
Assessed 2023
Previous assessed
$273,409
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$216,583
Assessed improvement
$56,826
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
4,140 SF
Lot
1.12 ac (48,787 SF)
Zoning code
M1
APN
170-040-02-00-8
UPID
US09-3229499
Jurisdiction
KERN
Zoning & alternative use
M1 · Bakersfield, CA
Zoning M1 · permitted uses
M1 · 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
$395,000
OFFICE BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$660,000
WAREHOUSE, STORAGE
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$495,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mb Investments LLC
Entity
Mailing address
2245 STONECRESS ST, GILROY, CA 95020-8405
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2019
$730,000
Mb Investments LLC
Stephen Mcdannold
Grant Deed
$474,500 · Citizens Business Bank
Sep 11, 2018
—
D E Martens
Martens,donald E
Affidavit Of Death
related
—
Dec 7, 2011
—
Martens D E & F W Family Trust
Martens D E & F W Trust
Quit Claim Deed
related
—
Dec 10, 1993
—
Martens Trust
Martens,donald &
Quit Claim Deed
related
—
Jan 31, 1975
—
—
—
Grant Deed
related
—
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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