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Property profile & analytics
OFF-MARKET
Retail space
3225 Panama Ln, Bakersfield, CA 93313-3732
Entity Owned
Free & Clear
Property ID
US10-3239108
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD
Total area
16,632 SF
Lot
2.19 ac (95,396 SF)
Zoning code
C-1
APN
515-010-29-00-1
UPID
US10-3239108
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
-
Rite Aid Pharmacy Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
Rite Aid Pharmacy
-
Terrence C. Chow, PharmD Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Panama Elite Properties LLC
Panama Elite Properties LLC
since 2025
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$86,478
Tax year 2023
Assessed value
$7,418,197
Assessed 2023
Previous assessed
$7,418,197
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,918,690
Assessed improvement
$5,499,507
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
1999
Construction
WOOD
Heating
NONE
Stories
1
Total area
16,632 SF
Lot
2.19 ac (95,396 SF)
Zoning code
C-1
APN
515-010-29-00-1
UPID
US10-3239108
Jurisdiction
KERN
Zoning & alternative use
C-1 · Bakersfield, CA
Zoning C-1 · permitted uses
C-1 · 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
1999
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Panama Elite Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1430 TRUXTUN AVE STE #900, BAKERSFIELD, CA 93301-5226
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
Panama Elite Properties LLC
—
Deed
related
$3,000,000 · Citizens Business Bank
Oct 13, 2025
$5,500,000
Panama Elite Properties LLC
Kern Livestock Grain INC
Grant Deed
—
May 21, 2021
—
Triple S Leasing & Investment
Max Edward Steinert
Grant Deed
—
Oct 16, 2019
—
Steinert,m E & A N Livin Trust
Marvin E Steinert
Quit Claim Deed
related
—
Jul 1, 2005
—
Marvin E Steinert
Panama Wible LLC
Grant Deed
—
Oct 19, 2004
—
Granite Pointe Estates LLC
—
Trustees Deed
related
$2,384,619 · Mid-state Bank & Trust Co
Apr 19, 2004
—
Hobin Houchin & Roselle LLC
Thrifty Pay Less INC
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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