Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Office buildings
2535 16th St Bakersfield, CA 93301-3417
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7972416
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
WOOD
Total area
6,600 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M-1
APN
004-150-04-00-4
UPID
US09-7972416
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
-
EnviroFocus, Inc Bakersfield Hardware & Home Improvement Construction Company
-
Young Life Child Welfare Organization Charitable Organization
-
Dr. Tariq Mubin, MD Physician
-
Dr. Umamaheswara R. Varanasi, MD Physician
-
American Spine Bakersfield Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$950k
Owner & transaction history
Josephine B Granat · 1 yrs held
Josephine B Granat
since 2024
Last sale
$949,500
7 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+16.6%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,310,000
Current use
MEDICAL BUILDING
$1,525,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: -12% · Conversion: Easy
RETAIL STORES
$1,070,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Aug 15 2024)
Last sale anchor
$950k
Aug 15 2024
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
$144 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,857
Tax year 2024
Assessed value
$817,129
Assessed 2024
Previous assessed
$817,129
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$185,711
Assessed improvement
$631,418
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
2
Units
2
Total area
6,600 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M-1
APN
004-150-04-00-4
UPID
US09-7972416
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CA
Zoning M-1 · permitted uses
M-1 · 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
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Josephine B Granat
Individual
Mailing address
1901 BRUNDAGE LN, BAKERSFIELD, CA 93304-2848
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Magana Properties LLC
—
Deed
related
$100,000 · Valley Strong Cu
Aug 15, 2024
—
Josephine B Granat
Jessica De Palma
Grant Deed
—
Aug 15, 2024
$949,500
Magana Properties LLC
Josephine B Granat
Grant Deed
$712,125 · Valley Strong Cu
May 14, 2024
—
Jessica De Palma
Josephine B Granat
Grant Deed
—
Feb 19, 2021
$770,000
Josephine B Granat
Physician Associates LLC
Grant Deed
$710,000 · Bay Commercial Bank
Mar 1, 2016
—
Physician Associates LLC
Physicians Associates LLC
Quit Claim Deed
—
Aug 7, 2012
—
Physicians Associates LLC
Helsel Parreira Properties
Grant Deed
related
—
Jul 30, 2012
$527,500
Physcians Associates LLC
Helsel Parreira Properties
Grant Deed
—
Feb 28, 2005
$350,000
Helsel Parreira Properties
Crei Corp
Grant Deed
$230,000 · Atkinson Pop & Annie Trust 006329
Feb 28, 1997
$325,000
Crei Corp
Bank Of Stockdale
Grant Deed
$250,000 · Bank Of Stockdale
Sep 4, 1996
$80,000
Bank Of Stockdale
Central Prof Plaza Associates
Grant Deed
related
—
—
—
Physician Associates LLC
—
Deed Of Trust
related
$400,000 · Bank Of The Sierra
—
—
Helsel Parreira Properties LLC
—
Deed Of Trust
related
$230,000 · Atkinson Pop & Annie Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2535 16th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
