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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Retail space
3216 Ming Ave, Bakersfield, CA 93304-4139
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-3091538
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
WOOD
Total area
29,468 SF
Lot
2.01 ac (87,555 SF)
Zoning code
C2
APN
148-270-30-00-3
UPID
US09-3091538
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
-
Vision Care of California Physician
-
Eyemart Express (Bike/Boat/Book/etc) Store
-
Duy Q. Pham, OD Physician
-
Corner Pocket Bakersfield Arcade & Gaming Center
-
Ming & Wible Center LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$4.80M
Owner & transaction history
Novaluxe Investment LLC · 2 yrs held
Novaluxe Investment LLC
since 2023
6 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+57.6%
Office building
$5.7M
+33.9%
Auto repair, garage
$4.7M
+9.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,705,000
6.5%
$4,340,000
7%
$4,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,275,000
Current use
MEDICAL BUILDING
$6,740,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$5,725,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,695,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,975,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,955,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10%
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
$163 / 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
$79,419
Tax year 2023
Assessed value
$6,732,000
Assessed 2023
Previous assessed
$6,732,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,162,800
Assessed improvement
$5,569,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
4
Total area
29,468 SF
Lot
2.01 ac (87,555 SF)
Zoning code
C2
APN
148-270-30-00-3
UPID
US09-3091538
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
2.01 ac
Current owner
From public records · entity-resolved
Novaluxe Investment LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5300 BCH BLVD STE #110, BUENA PARK, CA 90621-1292
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Novaluxe Investment LLC
Richard Kim
Grant Deed
—
Aug 20, 2021
$6,600,000
Richard Kim
Ming & Wible Center LLC
Grant Deed
$3,600,000 · Shinhan Bank America
Aug 20, 2021
—
Kyung Ah Hong
Richard Kim
Intrafamily Transfer
related
—
Jul 24, 2019
—
Ming & Wible Cener LLC
Ming & Wible Cener LLC
Quit Claim Deed
related
—
Nov 30, 1974
—
Bakersfield Ortho Ltd
—
Grant Deed
related
—
—
—
Ming & Wible Center LLC
—
Deed Of Trust
related
$3,045,000 · Israel Discount Bank New York
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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