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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Drive through restaurants
2930 F St Bakersfield, CA 93301-1820
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-3283571
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
WOOD
Total area
4,007 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C-2
APN
001-231-32-00-4
UPID
US10-3283571
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
-
Carl's Jr. Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.42M
Owner & transaction history
Packo Holdings LLC · 4 yrs held
Packo Holdings LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
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
$2,790,000
ML approach
$2,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,620,000
Current use
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10% · vs last sale $2.15M (Jun 15 2022)
Last sale anchor
$2.15M
Jun 15 2022
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
$604 / 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
$26,104
Tax year 2023
Assessed value
$2,193,000
Assessed 2023
Previous assessed
$2,193,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$663,000
Assessed improvement
$1,530,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
YES
Total area
4,007 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C-2
APN
001-231-32-00-4
UPID
US10-3283571
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CAZoning 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
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.6M
RESTAURANT Current
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
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.68 ac
Current owner
From public records · entity-resolved
Packo Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
440 S VERMONT AVE STE #301, LOS ANGELES, CA 90020-1988
Ownership since
2022
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
Jun 15, 2022
$2,150,000
Packo Holdings LLC
Bessante Bakersfield LLC
Grant Deed
—
Nov 19, 2012
$1,569,500
Bessante Bakersfield LLC
Pannier Family Inv Fund LLC
Grant Deed
—
Dec 15, 2010
—
Pannier Loren C Trust
Pannier Ents LP
Quit Claim Deed
—
Dec 29, 1997
—
Pannier Enterprises LP
Pannier,loren C
Quit Claim Deed
related
—
Dec 16, 1997
—
Loren C Pannier
Pannier Trust
Quit Claim Deed
related
—
May 9, 1996
—
Pannier Trust
Pannier,loren & Suzanne
Quit Claim Deed
related
—
Jul 31, 1979
$491,000
Loren C Pannier
—
Grant Deed
related
—
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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