Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$395,000
Medical Office Space
2203 17th St Bakersfield, CA 93301-3634
Individually Owned
15-yr Hold
Free & Clear
Property ID
US10-2151265
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
WOOD
Total area
3,608 SF
Lot
0.23 ac (10,018 SF)
Zoning code
C-O
APN
004-262-11-00-0
UPID
US10-2151265
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
-
Jim C Kim MD, Advanced Rheumatology and Arthritis Center Physician
-
Mae Carmela Altavas Medical Clinic
-
Diane Nastor Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$395k
Owner & transaction history
Jim C Kim · 15 yrs held
Jim C Kim
since 2011
7 recorded transactions
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.2M
+41.8%
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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$835,000
Current use
AUTO REPAIR, GARAGE
$1,185,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$395k
Range $356k – $435k · ±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
$109 / 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
$8,223
Tax year 2023
Assessed value
$677,278
Assessed 2023
Previous assessed
$677,278
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$110,826
Assessed improvement
$566,452
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,608 SF
Lot
0.23 ac (10,018 SF)
Zoning code
C-O
APN
004-262-11-00-0
UPID
US10-2151265
Jurisdiction
KERN
Zoning & alternative use
C-O · Bakersfield, CAZoning C-O · permitted uses
C-O · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$715,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1969
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jim C Kim
Individual
Free & Clear · 15 yrs held
Mailing address
12404 MONTEREY BCH DR, BAKERSFIELD, CA 93311-5109
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2011
$550,000
Jim C Kim
Broadway Fed'l Bk Fsb
Grant Deed
—
Mar 29, 2011
$600,000
Broadway Fedl Bk Fsb
Broadway Service Corp
Trustees Deed
related
—
Feb 16, 2010
—
Janus Financial LLC
Frontline Medical Assn INC
Grant Deed
—
Apr 25, 2008
$980,000
Frontline Medical Associates INC
Konny L Boyd
Grant Deed
$735,000 · Broadway Federal Bank Fsb
Aug 31, 2005
$550,000
Konny L Boyd
Jamieson,jarrett & Tara
Grant Deed
—
May 23, 2003
$340,000
Jarrett Jamieson
Dougherty,david C & Pamela P
Grant Deed
$170,000 · San Joaquin Bank
Jul 5, 1996
$280,000
Bakersfield City
Kern County Billing Associates
Grant Deed
—
—
—
Jarrett Jamieson
—
Deed Of Trust
related
$142,000 · Mid State Development
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2203 17th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
