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    Property profile & analytics

    2969 B St Rosamond, CA 93560

    • Auto shops
    • 3,287 SF
    • 0.63 lot acres
    For Sale
    View listing
    Last Sale
    Aug 14, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4745897
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 2969 B St

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    3,287 SF
    Zone code
    C-2
    Property type
    Auto shops
    APN
    251-142-01-00-8
    APU
    25114201008

    Description

    This exceptional 1.7-acre commercial land parcel, located at 2969 B Street in Rosamond, California (zip code 93560), presents a unique investment opportunity. The property boasts outstanding visibility and access to Rosamond Boulevard and Highway 14, ensuring high traffic exposure for any commercial venture. Zoned C2, this 72,724 square foot lot (approximately) offers significant potential for development. The area is underserved in terms of retail services, creating a strong demand for new businesses. The property's strategic location within the "aerospace valley" provides access to a robust workforce and significant economic activity. Nearby amenities include the privately owned Rosamond Sky Park, Edwards Air Force Base (with approximately 741 homes on-site and an average annual salary of approximately $100,000), William J. Fox Airport, and Rosamond High School (with over 700 students). The presence of the Mojave Air & Space Port Complex, home to over 60 companies including Virgin Galactic and the National Test Pilot School, further enhances the area's economic vitality. APN numbers are 251-142-27-00-4 and 251-142-27-00-8. This property is ideal for entrepreneurs seeking a high-visibility location in a rapidly growing area. Contact for pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $226,000
      Market price range: $226k - $738k
      AI Estimate
      $192,000
      Market price range: $193k - $636k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rosamond
    County
    Kern
    State
    California
    Longitude
    -118.169
    Latitude
    34.8639
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,899
    $15,468
    $57,859
    $73,327
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      3,072 SF

      2021 15th W St

      AUTO REPAIR, GARAGE • 3,072 SF
      2021 15th W St, Rosamond, CA 93560
      View Details
    • Value Estimation
      $425,000
      6,400 SF

      1737 Locust St

      AUTO REPAIR, GARAGE • 6,400 SF
      1737 Locust St, Rosamond, CA 93560-7918
      View Details
    • Value Estimation
      $275,000
      6,400 SF

      2952 B St

      AUTO REPAIR, GARAGE • 6,400 SF
      2952 B St, Rosamond, CA 93560-7655
      View Details
    • Value Estimation
      $370,000
      3,750 SF

      2951 Diamond St

      AUTO REPAIR, GARAGE • 3,750 SF
      2951 Diamond St, Rosamond, CA 93560-6002
      View Details
    • Value Estimation
      $280,000
      3,357 SF

      1111 Sierra Hwy

      AUTO REPAIR, GARAGE • 3,357 SF
      1111 Sierra Hwy, Rosamond, CA 93560-7039
      View Details
    • Value Estimation
      $115,000
      3,536 SF

      2970 Diamond St

      AUTO REPAIR, GARAGE • 3,536 SF
      2970 Diamond St, Rosamond, CA 93560-6001
      View Details

    Similar Nearby for Sale

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      $450,000
      9.65 Acres

      Rosamond Industrial Parcel For Sale

      9.65 acre industrial parcel near Edwards Air Force Base entrance.
      1605 W Rosamond Blvd. Blvd, Rosamond, CA 93560
      View Details
    • $1,200,000
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      Highway Frontage Land in Rosamond

      25+/- acres on Hwy 14 with income potential.
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      View Details
    • Contact for pricing
      17,253 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with drive-through and excess land.
      2938 W Rosamond Blvd, Rosamond, CA 93560
      View Details
    • $540,000
      3,000 SF

      Established Dry Cleaners & Laundromat

      Turnkey dry cleaners and laundromat business opportunity in Rosamond, CA.
      2650 Diamond St, Rosamond, CA 93560
      View Details
    • $295,000
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      Rosamond Retail Storefront on Sierra

      Retail storefront in Rosamond's bustling business district.
      2939 Sierra Hwy, Rosamond, CA 93560
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      Rosamond Commercial Land - 74 Acres

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      925 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      2511-2595 W Rosamond Blvd, Rosamond, CA 93560
      View Details
    • $8,000 /Mo
      3,000 SF

      Rosamond Retail Business Opportunity

      Dry cleaners and laundromat for rent in Rosamond, CA.
      2650 Diamond St, Rosamond, CA 93560
      View Details
    • Contact for pricing

      Retail Space in Skypark Center

      Retail space available in Skypark Center off Rosamond Blvd.
      4401 Rosamond Blvd W, Rosamond, CA 93560
      View Details
    • $11 SF/Yr
      47,020 SF

      Rosamond Industrial Warehouse Trio

      Three Warehouses, 8.64 Acres, Rosamond
      1400 Orange St, Rosamond, CA 93560
      View Details
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    2969 B St
    Rosamond, CA 93560
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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