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Property profile & analytics
FOR SALE
Research & development properties
2500 Lokern Rd Buttonwillow, CA 93206
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US09-2985173
For Sale
1 / 2
Contact for pricing
2500 Lokern Rd, Buttonwillow, CA 93206
View Listing →
Property profile
Verified
Property type
Research & development properties
Use group
DUMP SITE
Year built
1987
Construction
WOOD
Total area
3,036 SF
Lot
315.95 ac (13,762,782 SF)
Zoning code
A
APN
099-290-17-00-5
UPID
US09-2985173
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Clean Harbors Buttonwillow INC · 23 yrs held
Clean Harbors Buttonwillow INC
since 2002
3 recorded transactions
Zoning & alternative use
A · Buttonwillow, 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 Buttonwillow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buttonwillow 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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$435,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: 0% · 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
$198 / 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
$183,153
Tax year 2023
Assessed value
$16,560,261
Assessed 2023
Previous assessed
$16,560,261
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,083,947
Assessed improvement
$15,476,314
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Research & development properties
Use group
DUMP SITE
Status
For Sale
Year built
1987
Construction
WOOD
Heating
YES
Cooling
YES
Total area
3,036 SF
Lot
315.95 ac (13,762,782 SF)
Zoning code
A
APN
099-290-17-00-5
UPID
US09-2985173
Jurisdiction
KERN
Zoning & alternative use
A · Buttonwillow, CAZoning A · permitted uses
A · Buttonwillow, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$435,000
MEDICAL BUILDING
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$375,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
315.95 ac
Current owner
From public records · entity-resolved
Clean Harbors Buttonwillow INC
Entity
Mailing address
PO BOX 92108, AUSTIN, TX 78709-2108
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2011
—
Clean Harbors Buttonwillow LLC
—
Deed Of Trust
related
$250,000,000 · Bank Of America
Sep 16, 2009
—
Clean Harbors Buttonwillow LLC
—
Deed Of Trust
related
$150,000,000 · Bank Of America
Sep 18, 2002
—
Clean Harbors Buttonwillow INC
Safety-kleen Button Willow INC
Grant Deed
$165,000,000 · Ableco Finance LLC Ttee
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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