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Property profile & analytics
FOR SALE
Theaters & concert halls
2800 Buck Owens Blvd Bakersfield, CA 93308
Entity Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1174233
For Sale
1 / 10
$5,750,000
2800 Buck Owens Blvd, Bakersfield, CA 93308
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents the iconic Buck Owens' Crystal Palace, a renowned Bakersfield entertainment venue spanning 21,354 square feet on a 3.1-acre lot. The two-story, wood-frame building, constructed in 1996, features a main floor of approximately 12,193 square feet, complemented by 6,597 square feet of balcony, office, and bar space, and a covered patio of 2,564 square feet. The property boasts a prominent 75-foot freeway sign visible from US 99, benefiting from high traffic counts of approximately 248,000 vehicles per day. Included is the iconic "Bakersfield" arch. The property is zoned M-1 (Light Industrial) in Bakersfield, CA, and features a 1972 Pontiac Granville on display. The sale includes the building and land
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1996
Construction
WOOD
Total area
18,790 SF
Lot
3.1 ac (135,036 SF)
Zoning code
M-1
APN
332-580-05-00-4
UPID
US09-1174233
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
-
Buck Owens' Crystal Palace Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.14M
Owner & transaction history
OWENS TWO CO INC
OWENS TWO CO INC
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+56.6%
Retail stores
$1.6M
+48.6%
Commercial (general)
$1.6M
+41.3%
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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,105,000
Current use
AUTO REPAIR, GARAGE
$1,730,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,560,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$1,490,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,365,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$61 / 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
$93,889
Tax year 2023
Assessed value
$7,874,803
Assessed 2023
Previous assessed
$7,874,803
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$758,802
Assessed improvement
$7,116,001
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Sale
Year built
1996
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
18,790 SF
Lot
3.1 ac (135,036 SF)
Zoning code
M-1
APN
332-580-05-00-4
UPID
US09-1174233
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CA
Zoning M-1 · permitted uses
M-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
THEATER (MOVIE) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
THEATER (MOVIE) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
OWENS TWO CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
3223 N SILLECT AVE, BAKERSFIELD, CA 93308-6332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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