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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Drive through restaurants
2412 Ming Ave Bakersfield, CA 93304-4536
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-0543089
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2015
Construction
WOOD
Total area
2,735 SF
Lot
0.58 ac (25,264 SF)
Zoning code
C-1
APN
148-092-21-00-9
UPID
US09-0543089
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
-
Carl's Jr. Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.81M
Owner & transaction history
909 Franklin Street LLC · 4 yrs held
909 Franklin Street LLC
since 2022
Last sale
$2.8M
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
Method
Estimation
Statistic approach
$2,855,000
ML approach
$2,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $2.80M (Jun 17 2022)
Last sale anchor
$2.80M
Jun 17 2022
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
$1,027 / 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
$34,267
Tax year 2023
Assessed value
$2,856,000
Assessed 2023
Previous assessed
$2,856,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$285,600
Assessed improvement
$2,570,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Total area
2,735 SF
Lot
0.58 ac (25,264 SF)
Zoning code
C-1
APN
148-092-21-00-9
UPID
US09-0543089
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Lot
0.58 ac
Current owner
From public records · entity-resolved
909 Franklin Street LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2075 CASA DE VEREDA, VISTA, CA 92084-4223
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
Jun 17, 2022
$2,800,000
909 Franklin Street LLC
Ronald A Penhall
Grant Deed
—
Jun 17, 2022
—
Dennis M Delamore
Dennis M Delamore
Intrafamily Transfer
related
—
Mar 29, 2019
—
R A Penhall
Penhall Family Trust
Quit Claim Deed
related
—
Mar 15, 2004
—
Penhall,tr
Penhall,ronald A & Sharilyn A
Quit Claim Deed
related
—
Jul 18, 2003
—
Penhall,tr
Penhall,tr
Quit Claim Deed
related
—
Sep 22, 1999
—
Penhall Trust
Penhall Trust
Quit Claim Deed
related
—
Dec 1, 1977
—
—
—
Grant Deed
related
—
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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