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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Motels
3215 Chester Ave Bakersfield, CA 93301-1635
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3690826
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1935
Construction
WOOD
Total area
23,044 SF
Lot
1.76 ac (76,665 SF)
Zoning code
M-2
APN
002-300-01-00-4
UPID
US09-3690826
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
-
Tower Motel & Apartments Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.50M
Owner & transaction history
Bakersfield Properties INC · 2 yrs held
Bakersfield Properties INC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.0M
+24.7%
Retail stores
$3.7M
+16.2%
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
$3,190,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
$2,890,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,210,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,005,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,730,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.30M (Sep 29 2023)
Last sale anchor
$2.30M
Sep 29 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
$108 / 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
$8,173
Tax year 2023
Assessed value
$673,071
Assessed 2023
Previous assessed
$673,071
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$270,671
Assessed improvement
$402,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
94
Total area
23,044 SF
Lot
1.76 ac (76,665 SF)
Zoning code
M-2
APN
002-300-01-00-4
UPID
US09-3690826
Jurisdiction
KERN
Zoning & alternative use
M-2 · Bakersfield, CA
Zoning M-2 · permitted uses
M-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
HOTEL/MOTEL Current
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1935
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
94
Lot
1.76 ac
Current owner
From public records · entity-resolved
Bakersfield Properties INC
Entity
Mailing address
21405 DEVONSHIRE ST STE #209, CHATSWORTH, CA 91311-2940
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
$2,300,000
Bakersfield Properties INC
David Arnold Pentz
Grant Deed
$1,150,000 · Fruitvale Financial LLC
May 26, 2021
—
David Arnold Pentz
—
Deed
related
$1,200,000 · Bank Of The Orient
May 2, 2017
—
Pentz Living Trust
—
Grant Deed
related
$1,278,501 · Bank Of The Orient
Mar 8, 2006
—
Pentz Trust
Kemprud Trust
Grant Deed
—
Aug 27, 2003
—
Kumpurd,tr
Charities Support Foundation
Grant Deed
related
$1,000,000 · Bank Of The Orient
—
—
Kemprud Trust
—
Deed Of Trust
related
$195,000 · Good Trust
—
—
Kemprud Trust
—
Deed Of Trust
related
$50,250 · Individual
—
—
Pentz Living Trust
—
Loan Modification
related
—
—
—
Pentz Living Trust
—
Deed Of Trust
related
$1,278,501 · Bank Of The Orient
—
—
Pentz Living Trust
—
Deed Of Trust
related
$1,500,000 · Bank Of The Orient
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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