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Property profile & analytics
OFF-MARKET
Office buildings
240 Bernard St Bakersfield, CA 93305-3502
Individually Owned
3-yr Hold
Free & Clear
Property ID
US10-3193949
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1954
Construction
WOOD
Total area
2,736 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C1
APN
124-181-06-00-1
UPID
US10-3193949
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
-
City Terrace Mortgage Loan Service Bank
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
Ranbir S Bhatti · 3 yrs held
Ranbir S Bhatti
since 2022
Last sale
$240,000
7 recorded transactions
Zoning & alternative use
C1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,064
Tax year 2023
Assessed value
$240,000
Assessed 2023
Previous assessed
$240,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$75,000
Assessed improvement
$165,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
2,736 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C1
APN
124-181-06-00-1
UPID
US10-3193949
Jurisdiction
KERN
Zoning & alternative use
C1 · Bakersfield, CA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ranbir S Bhatti
Individual
Free & Clear · 3 yrs held
Mailing address
2131 VIA BASILICA AVE, BAKERSFIELD, CA 93315
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$240,000
Ranbir S Bhatti
Edward M Sanchez
Grant Deed
—
Aug 16, 2012
—
Edward M Sanchez
Reos Com
Grant Deed
—
Apr 10, 2006
$260,000
Reos Com INC
Long J Q & L P 1980 Trust
Grant Deed
$275,000 · Edward Sanches
Nov 15, 2004
—
Long John Q & L P 1980 Trust
John Q & Lucile P Long LLC
Quit Claim Deed
related
—
Oct 2, 2003
—
John Q & Lucille P Long LLC
Long,tr
Quit Claim Deed
related
—
Jul 15, 1991
$62,500
John Q Long
Dancer,rentals
Grant Deed
—
Apr 3, 1991
$62,500
Rentals I Dancer
Long,trust
Grant Deed
—
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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