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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Retail space
2697 Mt Vernon Ave Bakersfield, CA 93306-2970
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-0212438
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
WOOD
Total area
7,728 SF
Lot
0.83 ac (36,154 SF)
Zoning code
C2
APN
129-010-38-00-2
UPID
US09-0212438
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
-
Krispy Krunchy Chicken Restaurant
-
The Original City Sandwich Company Take-out & Catering
-
Queen Pizza & krispy Krunchy Chicken Restaurant
-
College Coffee and Donuts Bakery Specialty Food Shop
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.63M
Owner & transaction history
Westminister Ptshp · 14 yrs held
Westminister Ptshp
since 2012
5 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+129.5%
Medical building
$1.8M
+52.1%
Office building
$1.6M
+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%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,665,000
Change: +130% · Conversion: Moderate
MEDICAL BUILDING
$1,765,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,630,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,230,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,040,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±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
$28,433
Tax year 2023
Assessed value
$2,390,409
Assessed 2023
Previous assessed
$2,390,409
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$567,417
Assessed improvement
$1,822,992
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
4
Total area
7,728 SF
Lot
0.83 ac (36,154 SF)
Zoning code
C2
APN
129-010-38-00-2
UPID
US09-0212438
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CAZoning C2 · permitted uses
C2 · Bakersfield, 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
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
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
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
0.83 ac
Current owner
From public records · entity-resolved
Westminister Ptshp
Individual
Mailing address
PO BOX 1290, AGOURA HILLS, CA 91376-1290
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2012
$1,980,000
Westminister Ptshp
Martin Trust-mount Vernon
Grant Deed
—
Jun 29, 2005
$1,350,000
Martin Trust-mount Vernon LLC
2967 Mt V Partners Ltd
Grant Deed
—
—
—
2967 Mt V Partners Ltd
—
Deed Of Trust
related
$450,000 · Valencia National Bank
—
—
Westminster Ptshp
—
Deed Of Trust
related
$500,000 · Standard Insurance Co
—
—
L & S Realty-mt Vernon LLC
—
Deed Of Trust
related
$1,100,000 · Banchi Morton 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.
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