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Property profile & analytics
FOR LEASE
Manufacturing properties
222 Kentucky St Bakersfield, CA 93305
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6604390
For Lease
1 / 12
$12 SF/Yr
222 Kentucky St, Bakersfield, CA 93305
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Construction
WOOD
Total area
3,630 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M-1
APN
014-230-09-00-5
UPID
US09-6604390
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Kirk Milton · 1 yrs held
Kirk Milton
since 2024
Last sale
$560,000
5 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+140.8%
Office building
$765,000
+122.4%
Auto repair, garage
$580,000
+67.8%
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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$345,000
Current use
MEDICAL BUILDING
$830,000
Change: +141% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +68% · Conversion: Easy
WAREHOUSE, STORAGE
$470,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Aug 22 2024)
Last sale anchor
$560k
Aug 22 2024
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
$154 / 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
$1,022
Tax year 2024
Assessed value
$86,662
Assessed 2024
Previous assessed
$86,662
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$39,361
Assessed improvement
$47,301
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Construction
WOOD
Heating
YES
Cooling
YES
Total area
3,630 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M-1
APN
014-230-09-00-5
UPID
US09-6604390
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$345,000
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$435,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kirk Milton
Individual
Mailing address
200 KENTUCKY ST, BAKERSFIELD, CA 93305-4228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 22, 2024
$560,000
Kirk Milton
Nicholas L Heath
Grant Deed
—
Sep 1, 2023
—
Nicholas L Heath
—
Deed
related
$500,000 · Tri Counties Bank
Mar 26, 1998
—
Nicholas L Heath
Heath,nicholas L
Quit Claim Deed
related
$44,000 · Westamerica Bank
Dec 29, 1989
$56,500
Nicholas L Heath
Desherlia,kennet
Grant Deed
$108,000 · Community Bank NA
—
—
Nicholas L Heath
—
Deed Of Trust
related
$95,213 · Westamerica 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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