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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Retail space
2929 F St Bakersfield, CA 93301-1819
Individually Owned
~
Est. High Equity
Property ID
US09-2809068
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
WOOD
Total area
14,065 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-2
APN
001-222-26-00-1
UPID
US09-2809068
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
-
Walk The Plank Hard Flooring Trading Company Building Supply Carpet & Flooring Store
-
Carpet Cave Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.55M
Owner & transaction history
The Jean Michel Erassarret III Rlt
The Jean Michel Erassarret III Rlt
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+7.4%
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
$1,495,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
$2,245,000
6.5%
$2,070,000
7%
$1,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,275,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,445,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,980,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±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
$110 / 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
$10,666
Tax year 2023
Assessed value
$884,339
Assessed 2023
Previous assessed
$884,339
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$169,585
Assessed improvement
$714,754
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
1976
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
14,065 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-2
APN
001-222-26-00-1
UPID
US09-2809068
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
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
The Jean Michel Erassarret III Rlt
Individual
Mailing address
2436 BEECH ST, BAKERSFIELD, CA 93301-2644
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
The Jean Michel Erassarret III Rlt
The Erassarret Family Revocable Tru
Grant Deed
—
Feb 12, 2021
$850,000
Jean Erassarret
Carol Ann Haserjian
Grant Deed
—
Aug 5, 2020
—
Haserjian,bryan & Carol Trust
Haserjian B & C Trust
Quit Claim Deed
related
—
Jul 30, 2020
—
Haserjian,bryan & Carol Trust
Bryan Haserjian
Affidavit Of Death
related
—
Oct 1, 2010
—
Haserjian Bryan & Carol Trust
Haserjian,bryan
Quit Claim Deed
related
—
Jan 11, 1995
$600,000
Bryan Haserjian
Carpeteria INC
Grant Deed
—
Aug 31, 1975
$35,000
Bryan Haserjian
—
Grant Deed
related
—
—
—
Bryan Haserjian
—
Deed Of Trust
related
$973,669 · Haserjian H & E Trust
—
—
Bryan Hasejian
—
Deed Of Trust
related
$950,000 · Haserjian 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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