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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Grocery and convenience stores
2701 Alta Vis Dr Bakersfield, CA 93305-1701
Individually Owned
4-yr Hold
Free & Clear
Property ID
US10-2964356
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1939
Construction
WOOD
Total area
3,999 SF
Lot
0.21 ac (9,147 SF)
Zoning code
C-1
APN
123-150-16-00-7
UPID
US10-2964356
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
-
Columbus Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$384k
Blend (final)
Blend
$565k
Owner & transaction history
Sukhminder Singh · 4 yrs held
Sukhminder Singh
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+232.5%
Office building
$845,000
+207.0%
Auto repair, garage
$635,000
+131.6%
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
$605,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$915,000
Change: +232% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +207% · Conversion: Easy
AUTO REPAIR, GARAGE
$635,000
Change: +132% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: +89% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $500k (Aug 5 2021)
Last sale anchor
$500k
Aug 5 2021
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
$141 / 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
$6,354
Tax year 2023
Assessed value
$510,000
Assessed 2023
Previous assessed
$510,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$91,800
Assessed improvement
$418,200
Applied tax rate
56.0000
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
1939
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
3
Total area
3,999 SF
Lot
0.21 ac (9,147 SF)
Zoning code
C-1
APN
123-150-16-00-7
UPID
US10-2964356
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CA
Zoning C-1 · permitted uses
C-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
MEDICAL BUILDING
Est. value
$915,000
OFFICE BUILDING
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$480,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (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
1939
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sukhminder Singh
Individual
Free & Clear · 4 yrs held
Mailing address
2701 ALTA VIS DR, BAKERSFIELD, CA 93305-1701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
$500,000
Sukhminder Singh
B&r Investment Properties LLC
Grant Deed
—
Jun 30, 2008
$687,500
B & R Investment Properties LLC
New Fortune Investment LLC
Grant Deed
$440,000 · Zions First National Bank
Jan 5, 2005
$575,000
New Fortune Investment LLC
Walker,larry J
Grant Deed
$373,750 · United Commercial Bank
Jul 16, 2004
$355,000
Larry J Walker
Shively,david D
Grant Deed
$234,000 · Elmer F Karpe INC
Jun 24, 2004
—
David D Shively
Shively,tr
Quit Claim Deed
related
—
Feb 21, 2001
—
David D Shively
Shively,diana K
Quit Claim Deed
related
—
—
—
Shively Trust
—
Deed Of Trust
related
$33,399 · Ruedy 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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