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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Grocery and convenience stores
2644 Mt Vernon Ave, Bakersfield, CA 93306-2924
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-5665261
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Construction
WOOD FRAME
Total area
29,440 SF
Lot
2.83 ac (123,274 SF)
Zoning code
C-2
APN
126-100-31-00-6
UPID
US09-5665261
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
-
Smart & Final Extra! Big Box & Wholesale Store
-
Smart And Final Extra Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.44M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$6.20M
Owner & transaction history
Mount Vernon Ave Bakersfield L · 6 yrs held
Mount Vernon Ave Bakersfield L
since 2019
6 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.2M
+129.5%
Medical building
$6.7M
+52.1%
Office building
$6.2M
+40.5%
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%
$8,060,000
6.5%
$7,440,000
7%
$6,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,155,000
Change: +130% · Conversion: Moderate
MEDICAL BUILDING
$6,730,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$6,215,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,690,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,250,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,970,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±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
$211 / 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
$125,569
Tax year 2023
Assessed value
$10,196,429
Assessed 2023
Previous assessed
$10,196,429
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,554,692
Assessed improvement
$8,641,737
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
29,440 SF
Lot
2.83 ac (123,274 SF)
Zoning code
C-2
APN
126-100-31-00-6
UPID
US09-5665261
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2017
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Mount Vernon Ave Bakersfield L
Individual
Free & Clear · 6 yrs held
Mailing address
21275 ENTRADA RD, TOPANGA, CA 90290-3536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$9,700,000
Mount Vernon Ave Bakersfield L
Mt Vernon Assocs LP Dollinger
Grant Deed
—
May 14, 2019
—
Dollinger Mt Vernon Assocs LP
Dollinger Mt Vernon Assocs LP
Quit Claim Deed
related
$5,500,000 · Farmers & Merchants Bk/lng Bch
Jun 28, 2018
—
Dollinger Mt Vernon Assocs LP
Dollinger Mt Vernon Associates
Quit Claim Deed
related
$5,500,000 · Farmers & Merchants Bk/lng Bch
Oct 23, 2017
—
Dollinger Mt Vernon Associates
Dollinger Mt Vernon Associates
Quit Claim Deed
related
—
Sep 20, 2016
$1,941,000
Dollinger Mt Vernon Associates
Ashley Mark J & S M Trust
Grant Deed
—
—
—
Dollinger Mt Vernon Assocs LP
—
Loan Modification
related
$5,500,000 · Farmers & Merchants Bk/lng Bch
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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