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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Showrooms
2601 16th St Bakersfield, CA 93301-3348
Entity Owned
10-yr Hold
Free & Clear
Property ID
US09-1225870
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2006
Construction
WOOD
Total area
13,985 SF
Lot
1.42 ac (61,855 SF)
Zoning code
M1
APN
004-150-08-00-6
UPID
US09-1225870
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
-
Advanced Cardiology Medical Associates Medical Clinic
-
Ivan's Cardiologist_Bhupinder Kaur Physician
-
Yadvinder K. Narang Physician
-
Center For Medical Weightloss Weight Loss Service Doctor
-
Bahram Khazai Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.63M
Owner & transaction history
Gugu Ents LLC · 10 yrs held
Gugu Ents LLC
since 2016
7 recorded transactions
Zoning & alternative use
M1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+64.6%
Office building
$2.8M
+41.1%
Apartment house (5+ units)
$2.4M
+23.5%
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%
$2,925,000
6.5%
$2,700,000
7%
$2,510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,965,000
Current use
MEDICAL BUILDING
$3,235,000
Change: +65% · Conversion: Easy
OFFICE BUILDING
$2,775,000
Change: +41% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,430,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$2,260,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±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
$188 / 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
$15,783
Tax year 2023
Assessed value
$1,282,710
Assessed 2023
Previous assessed
$1,282,710
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$223,343
Assessed improvement
$1,059,367
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
2
Total area
13,985 SF
Lot
1.42 ac (61,855 SF)
Zoning code
M1
APN
004-150-08-00-6
UPID
US09-1225870
Jurisdiction
KERN
Zoning & alternative use
M1 · Bakersfield, CA
Zoning M1 · permitted uses
M1 · 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
$2.0M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE 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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Gugu Ents LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2601 16TH ST, BAKERSFIELD, CA 93301-3348
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2016
—
Gugu Ents LLC
Narang,yadvinder K & Raushani
Quit Claim Deed
related
—
Nov 22, 2011
$700,000
Yadvinder K Narang
May Robert A Trust
Grant Deed
$500,000 · Tom & Lisa Carosella
Nov 7, 2008
—
Chad H May
May,robert A
Affidavit Of Death
related
—
Jan 31, 2007
—
Scott Wesley LLC
—
Trustees Deed
related
$1,330,000 · Temecula Valley Bank NA
Oct 31, 2006
—
May Robert A Trust
May Robert A Trust
Quit Claim Deed
related
—
Jun 14, 2006
—
May Robert A Trust
Scott Wesley LLC
Grant Deed
related
—
Jan 14, 2005
—
Scott Wesley LLC
—
Trustees Deed
related
$400,000 · Gary Feldstein
Oct 19, 2004
$496,500
Scott Wesley LLC
Kern County Electrical Pension
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.
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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