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Property profile & analytics
FOR SALE
Banks
2222 S Chester Ave Bakersfield, CA 93304
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3040684
For Sale
1 / 10
$549,900
2222 S Chester Ave, Bakersfield, CA 93304
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Construction
WOOD
Total area
3,000 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C-1
APN
118-051-01-00-3
UPID
US09-3040684
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
-
Tobacco town Mobile Phone Store Electronics & Wireless Store
-
Western Union Bank Credit Union
-
Orlandi Valuta Bank Credit Union
-
Green Gate Collective Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Chester Avenue Properties LLC · 1 yrs held
Chester Avenue Properties LLC
since 2024
Last sale
$685,000
7 recorded transactions
Zoning & alternative use
C-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$440,000
+95.0%
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
$685,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$440,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $685k (Oct 24 2024)
Last sale anchor
$685k
Oct 24 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
$228 / 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
$9,845
Tax year 2023
Assessed value
$788,382
Assessed 2023
Previous assessed
$788,382
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$157,676
Assessed improvement
$630,706
Applied tax rate
121.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1975
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,000 SF
Lot
0.27 ac (11,761 SF)
Zoning code
C-1
APN
118-051-01-00-3
UPID
US09-3040684
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CA
Zoning C-1 · permitted uses
C-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
MEDICAL BUILDING
Est. value
$440,000
MEDICAL 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
1975
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Chester Avenue Properties LLC
Entity
Mailing address
12329 GLN CRK RD, CERRITOS, CA 90703-1925
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
$685,000
Chester Avenue Properties LLC
Jaishreemannarayan LP
Grant Deed
$385,000 · Jaishreemannarayn LP
Apr 19, 2024
—
Ijc Properties LLC
—
Deed
related
$210,000 · Schorb Investments LLC
Apr 14, 2023
—
Jaishreemannarayan LP
—
Deed
related
$250,000 · Tri Counties Bank
Oct 14, 2020
—
Ijc Properties LLC
Irrael M Chavez
Quitclaim Deed
related
—
Sep 11, 2020
—
Irrael M Chavez
Brenda V Marquez
Deed
related
—
Sep 11, 2020
$400,000
Irrael M Chavez
Raymond Safarian
Deed
—
Apr 3, 2020
—
Jaishreemannarayan LP
Jaishreemannarayan LP
Quit Claim Deed
related
$500,000 · Tri Counties Bank
Dec 6, 2019
$750,000
Jsmn Investments
2222 North Chester LLC
Grant Deed
—
Feb 21, 2013
—
Roberta A Taylor
Kilpatrick A T Family Trust
Grant Deed
—
Feb 21, 2013
$285,000
2222 North Chester LLC
Barton J W & K L Trust
Grant Deed
$200,000 · Barton J W & K L Trust (rt)
Jun 22, 2010
—
Barton James W & K L Trust
Barton,james W
Quit Claim Deed
related
—
Jan 6, 2005
—
Mcnaughton Trust
Mcnaughton,eva J
Quit Claim Deed
related
—
Nov 30, 1975
$21,500
William A Altmiller
—
Grant Deed
related
—
—
—
2222 North Chester LLC
—
Deed Of Trust
related
$518,000 · Tri Counties 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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