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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Turn key restaurants
3101 Mall Vw Rd Bakersfield, CA 93306-3059
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-0839927
Property summary
AI-generated overview
This exceptional 8,632-square-foot freestanding building, situated on a spacious 2.03-acre lot, presents a unique investment opportunity in Northeast Bakersfield. Built in 1996, this single-story structure previously operated as a restaurant and is ideally located within the thriving East Hills Mall Development area, a primary retail hub serving the Northeast Bakersfield community. The property benefits from high visibility and excellent access, surrounded by established national retailers including Office Max, Home Depot, Target, Walmart, Big Lots, Big 5 Sporting Goods, and dd's Discounts. The planned City Lights Shopping Center further enhances the area's retail appeal and projected growth. The building's single-tenant configuration offers flexibility for a variety of uses, and the expansive lot provides ample space for potential expansion or outdoor amenities. This property is also available for a ground lease, providing additional investment options. The address is 3101 Mall View Road, Bakersfield, CA 93306. This prime location and substantial building size make this an attractive proposition for discerning investors seeking a strong foothold in a dynamic retail market.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Construction
WOOD
Total area
8,632 SF
Lot
2.03 ac (88,426 SF)
Zoning code
P.C.D.
APN
130-161-68-00-0
UPID
US09-0839927
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
-
Community Action Partnership of Kern - Central Kitchen County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.49M
Owner & transaction history
Mh 3101 Mall View Road LLC · 2 yrs held
Mh 3101 Mall View Road LLC
since 2023
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
P.C.D. · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,295,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.60M (Oct 31 2023)
Last sale anchor
$1.60M
Oct 31 2023
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
$173 / 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
$511
Tax year 2023
Assessed value
$867,828
Assessed 2023
Previous assessed
$867,828
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$324,996
Assessed improvement
$542,832
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
1993
Construction
WOOD
Heating
YES
Cooling
YES
Total area
8,632 SF
Lot
2.03 ac (88,426 SF)
Zoning code
P.C.D.
APN
130-161-68-00-0
UPID
US09-0839927
Jurisdiction
KERN
Zoning & alternative use
P.C.D. · Bakersfield, CA
Zoning P.C.D. · permitted uses
P.C.D. · 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.
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
2.03 ac
Current owner
From public records · entity-resolved
Mh 3101 Mall View Road LLC
Entity
Free & Clear · 2 yrs held
Mailing address
127 S CARMELINA AVE, LOS ANGELES, CA 90049-3901
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$1,600,000
Mh 3101 Mall View Road LLC
Community Action Partnership Of Ker
Grant Deed
—
Aug 4, 2004
—
Community Action Partnership
Community Action Partnership
Quit Claim Deed
related
—
Sep 3, 1999
$550,000
Kern County Economic Opportuni
Gmri INC
Grant Deed
$412,500 · Wm Business Bank
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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