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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
2200 Panama Ln, Bakersfield, CA 93307-6542
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-2468142
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
WOOD
Total area
6,969 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
372-021-22-00-9
UPID
US09-2468142
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
-
Panda Express Restaurant
-
GameStop Electronics & Wireless Store
-
JJ Wireless Mobile Phone Store Electronics & Wireless Store
-
Khadim Jewelers (Bike/Boat/Book/etc) Store
-
American Carpet & Flooring of Bakersfield Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$1.14M
Owner & transaction history
Bccms LLC · 15 yrs held
Bccms LLC
since 2011
7 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+96.6%
Office building
$1.5M
+81.5%
Apartment house (5+ units)
$1.3M
+56.9%
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%
$1,320,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
MEDICAL BUILDING
$1,595,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$1,470,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,200,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$164 / 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
$19,418
Tax year 2023
Assessed value
$1,590,000
Assessed 2023
Previous assessed
$1,590,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$270,000
Assessed improvement
$1,320,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
5
Total area
6,969 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
372-021-22-00-9
UPID
US09-2468142
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$810,000
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$965,000
RETAIL STORES 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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
0.52 ac
Current owner
From public records · entity-resolved
Bccms LLC
Entity
Mailing address
567 SAN NICOLAS DR STE #260, NEWPORT BEACH, CA 92660-6525
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2020
—
Bccms LLC
—
Deed
related
$1,600,000 · First Symetra Nat'l Life Ins C
Apr 14, 2011
—
Bccms LLC
Cms Investments INC
Quit Claim Deed
—
Jul 30, 2008
—
Cms Investments INC
Bccms LLC
Quit Claim Deed
—
Jul 30, 2004
$1,140,000
Bccms LLC
Cmsbc LLC
Grant Deed
$76,879 · Cmsbc LLC
Oct 31, 2003
$1,175,000
Cmsbc LLC
Moore,john W
Grant Deed
—
May 26, 2000
—
John W Moore
Moore,wendy G
Quit Claim Deed
related
$320,000 · Individual
—
—
Bccms LLC
—
Deed Of Trust
related
$1,550,000 · Bank Of The West
—
—
John W Moore
—
Deed Of Trust
related
$290,000 · California Equity Corp
—
—
Bccms LLC
—
Deed Of Trust
related
$1,600,000 · First Symetra Nat'l Life Ins C
—
—
Sea Ridge Investments INC
—
Deed Of Trust
related
$750,000 · Baycrest Dev Trust (ct)
—
—
Bccms LLC
—
Deed Of Trust
related
$1,500,000 · Rabobank
—
—
Bccms LLC
—
Deed Of Trust
related
$1,750,000 · Valley Independent 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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