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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Turn key restaurants
3015 Calloway Dr D2 Bakersfield, CA 93312-2657
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2602238
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
WOOD
Total area
1,920 SF
Lot
0.04 ac (1,742 SF)
Zoning code
C-2
APN
450-230-03-00-7
UPID
US09-2602238
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
-
Northwest Dental Arts Dental Office
-
Hall Of Fame Dental Dental Office
-
Thomas D. Hall DDS Dental Office
-
5 stars barber shop & Salon,حلاق Barber Shop
-
Cutz by angie Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Knibss Group LLC · 2 yrs held
Knibss Group LLC
since 2024
Last sale
$1.1M
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (May 9 2024)
Last sale anchor
$1.05M
May 9 2024
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
$547 / 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
$6,621
Tax year 2023
Assessed value
$535,500
Assessed 2023
Previous assessed
$535,500
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$102,000
Assessed improvement
$433,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
4
Total area
1,920 SF
Lot
0.04 ac (1,742 SF)
Zoning code
C-2
APN
450-230-03-00-7
UPID
US09-2602238
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
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
0.04 ac
Current owner
From public records · entity-resolved
Knibss Group LLC
Entity
Mailing address
2401 WINGATE CT, BAKERSFIELD, CA 93311-9267
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
$1,050,000
Knibss Group LLC
Donald T Toretta
Grant Deed
$787,000 · Valley Strong Cu
Nov 13, 2023
$865,545
Donald T Toretta
Jrw Investments LLC
Trustees Deed
related
—
Oct 10, 2019
—
Jrw Investments LLC
—
Deed
related
$712,500 · Toretta D T & D M Trust (rt)
May 4, 2018
—
Jrw Investments LLC
Wiley,jeff
Grant Deed
related
$100,000 · Valley Mortgage Investments INC
Oct 17, 2017
—
Jeff Wiley
Jrk Invs LLC
Grant Deed
$100,000 · Other Institutional Lenders
Sep 1, 2017
—
Jrw Investments LLC
—
Deed
related
$400,000 · Richard A Monje
Jun 30, 2016
—
Jrw Investments LLC
—
Deed
related
$420,000 · Jeff Tisherman
May 28, 2014
$917,000
Jrw Investments LLC
Bank Of Sierra
Grant Deed
$750,000 · Richard Monje
Aug 20, 2012
$3,997,774
Bank Of The Sierra
Wt Capital Lender Services
Trustees Deed
related
—
Jan 25, 2011
—
Riverlakes Grove LLC
—
Deed Of Trust
related
$6,100,000 · Bank Of The Sierra
—
—
Jrw Investments LLC
—
Deed Of Trust
related
$712,500 · Toretta D T & D M Trust (rt)
—
—
Jrw Investments LLC
—
Deed Of Trust
related
$420,000 · Jeff Tisherman
—
—
Jrw Investments LLC
—
Deed Of Trust
related
$400,000 · Richard A Monje
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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