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    2608 Ashe Rd Bakersfield, CA 93309-4322
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    Property profile & analytics

    2608 Ashe Rd, Bakersfield, CA 93309-4322

    View on Map
    • Apartment buildings
    • 4,789 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Dec 18, 2025
    $680,000
    Property ID
    US09-2625173
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2608 Ashe Rd

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Zone code
    R-2
    Property type
    Apartment buildings
    APN
    355-361-09-00-6
    APU
    35536109006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2025 $680,000 Two Beagles LLC The Andrea Holmquist Trust Grant Deed $442k · Tri Counties Bank
    Aug 24, 2017 — Holmquist Trust Holmquist,andrea Quit Claim Deed · related —
    Mar 18, 2002 — Ellison Trust Ellison Trust Quit Claim Deed · related —
    Oct 31, 1978 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $521,000
      Market price range: $522k - $841k
      AI Estimate
      $369,000
      Market price range: $236k - $1.01M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $675,000
      Current use
      AUTO REPAIR, GARAGE
      $765,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $680,000
      Change: +1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $620,000
      Change: -8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $575,000
      Change: -15% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.074
    Latitude
    35.331
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,107
    $56,927
    $234,418
    $291,345
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      34,463 SF

      7400 Laurelglen Blvd

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $10,215,000
      62,338 SF

      5051 Ming Ave

      APARTMENT HOUSE (5+ UNITS)
      5051 Ming Ave, Bakersfield, CA 93309-4773
      View Details
    • Value Estimation
      $4,315,000
      40,427 SF

      5801 Ming Ave

      APARTMENT HOUSE (5+ UNITS)
      5801 Ming Ave, Bakersfield, CA 93309-4688
      View Details
    • Value Estimation
      $1,195,000
      6,806 SF

      6500 White Ln

      APARTMENT HOUSE (5+ UNITS)
      6500 White Ln, Bakersfield, CA 93309-7789
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    • Value Estimation by Request
      1,542 SF

      100 Garnsey Ave

      APARTMENT HOUSE (5+ UNITS)
      100 Garnsey Ave, Bakersfield, CA 93309-8121
      View Details
    • Value Estimation
      $3,770,000
      25,008 SF

      1321 Mcdonald Way

      APARTMENT HOUSE (5+ UNITS)
      1321 Mcdonald Way, Bakersfield, CA 93309-4051
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Multifamily Property with Five Units

      Five-unit multifamily property available for sale.
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      View Details
    • $765,000

      Bakersfield Fourplex Investment Opportunity

      Well-maintained four-unit property with income potential in Southwest Bakersfield.
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      4,505 SF

      Four-Unit Multifamily Property

      Multifamily property featuring four units.
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    • $2,450,000
      37,897.00 Acres

      Bakersfield Restaurant - For Sale

      Prime Restaurant Location, High Traffic Area
      5544 California Ave, Bakersfield, CA 93309
      View Details
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      Vacant Land on Stockdale Highway

      Vacant land with high visibility and traffic volume.
      3730 Stockdale Hwy, Bakersfield, CA 93309
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    Similar Nearby for Lease

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      1,920 SF

      Retail Space on New Stine

      Retail space available on the corner of New Stine.
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      Office Space in Southwest Bakersfield

      Office space for rent near Highway 99 and Ming Avenue.
      4949 Buckley Way, Bakersfield, CA 93309
      View Details
    • Contact for pricing

      Retail Space on Stockdale Highway

      Retail property for lease on a highly-traveled highway.
      5430-5620 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      14,490 SF

      Retail Complex on Ming Avenue

      132,469 sq ft retail complex with high visibility.
      4306 Ming Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      45,000 SF

      Retail Space in Bakersfield

      Retail property available for lease in Bakersfield, California.
      4450 California Ave, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      2,986 SF

      California Avenue Office Space Available

      Office space for lease in a well-located building.
      5555 California Ave, Bakersfield, CA 93309
      View Details
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    Bakersfield, CA 93309-4322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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