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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Investment properties
2400 Brundage Ln Bakersfield, CA 93304-2602
Trust Owned
6-yr Hold
Free & Clear
Property ID
US09-2974914
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1961
Construction
WOOD
Total area
3,122 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C1
APN
008-240-29-00-1
UPID
US09-2974914
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
-
Canaday Insurance Insurance Agency
-
Bakersfield Premier Notary Law Firm
-
Remove A Ticket Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$600k
Owner & transaction history
Canaday,larry B Trust · 6 yrs held
Canaday,larry B Trust
since 2020
6 recorded transactions
Zoning & alternative use
C1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$715,000
+91.0%
Office building
$605,000
+62.2%
Auto repair, garage
$495,000
+33.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$375,000
Current use
MEDICAL BUILDING
$715,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$605,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$405,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$192 / 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
$5,150
Tax year 2023
Assessed value
$402,337
Assessed 2023
Previous assessed
$402,337
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$120,659
Assessed improvement
$281,678
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
2
Total area
3,122 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C1
APN
008-240-29-00-1
UPID
US09-2974914
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$715,000
OFFICE BUILDING
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES
Est. value
$455,000
WAREHOUSE, STORAGE
Est. value
$405,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1961
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Canaday,larry B Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2400 BRUNDAGE LN, BAKERSFIELD, CA 93304-2602
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
—
Canaday,larry B Trust
Larry B Canaday
Quit Claim Deed
—
Jun 16, 2020
$65,000
Larry B Canaday
Larry Canaday
Grant Deed
related
—
Jun 13, 2013
—
Canaday,larry B Trust
Canaday,larry
Quit Claim Deed
related
—
Jun 5, 2013
—
Larry Canaday
Canaday Living 1993 Trust
Quit Claim Deed
related
—
Feb 1, 1994
—
Canaday Trust
Canaday,larry &
Quit Claim Deed
related
—
—
—
Canaday Trust
—
Deed Of Trust
related
$40,000 · San Joaquin 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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