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Property profile & analytics
OFF-MARKET
Retail space
2300 Niles St Bakersfield, CA 93306-4022
Individually Owned
6-yr Hold
Property ID
US10-1872640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1921
Construction
WOOD
Total area
1,239 SF
Lot
0.17 ac (7,404 SF)
Zoning code
C-1
APN
136-400-21-00-7
UPID
US10-1872640
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
-
GREEN NUG Alternative Medicine Practice
-
The Green Nugget (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis M Solorzano · 6 yrs held
Luis M Solorzano
since 2020
7 recorded transactions
Zoning & alternative use
C-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
492.41 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,991
Tax year 2023
Assessed value
$179,988
Assessed 2023
Previous assessed
$179,988
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$38,494
Assessed improvement
$141,494
Applied tax rate
56.0000
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
1921
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
1,239 SF
Lot
0.17 ac (7,404 SF)
Zoning code
C-1
APN
136-400-21-00-7
UPID
US10-1872640
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CAZoning 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
Zoning description
The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
492.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1921
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Luis M Solorzano
Individual
Mailing address
PO BOX 3255, CORAL SPRINGS, FL 33075
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2020
—
Luis M Solorzano
Lms Ents II LLC
Quit Claim Deed
related
$150,000 · Private Individual
Jul 17, 2006
—
Lms Ents II LLC
Solorzano,luis
Grant Deed
—
Jul 29, 2005
$195,000
Luis Solarzano
Mohamed M Hashem
Grant Deed
—
Jul 29, 2005
—
Luis Solorzano
Szpoganiez,rafaela
Grant Deed
related
—
May 3, 2004
$110,000
Mohamed M Hashem
Vawter,steven D & Joanna
Grant Deed
$70,000 · Steven D & Joanna Vawter
Oct 31, 1976
$14,000
Steven D Vawter
—
Grant Deed
related
—
—
—
Lms Ents II LLC
—
Deed Of Trust
related
$165,000 · Elmer F Karpe INC
—
—
Mohamed M Hashem
—
Deed Of Trust
related
$19,000 · Bank Of America
—
—
Mohamed M Hashem
—
Deed Of Trust
related
$77,000 · Bank Of America
—
—
Steven D Vawter
—
Deed Of Trust
related
$46,500 · Great Western 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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