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Property profile & analytics
OFF-MARKET
Estimated value
$5,635,000
Motels
3232 Riverside Dr Bakersfield, CA 93308-6346
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3250470
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
WOOD
Total area
51,924 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
332-580-11-00-1
UPID
US09-3250470
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
-
La Quinta Inn by Wyndham Bakersfield South Hotel & Motel
-
Michaels Auto Transport Trucking Company
-
Taco Bell Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.90M
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.64M
Owner & transaction history
Bakersfield Hotel LLC · 5 yrs held
Bakersfield Hotel LLC
since 2020
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
C-2 · 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
$7,085,000
ML approach
$6,900,000
CAP Approach
CAP Return
Estimation
6%
$6,510,000
6.5%
$6,010,000
7%
$5,580,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,230,000
Current use
INDUSTRIAL (GENERAL)
$6,940,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,740,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$6,470,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±10% · vs last sale $5.50M (Nov 18 2020)
Last sale anchor
$5.50M
Nov 18 2020
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
$109 / 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
$55,138
Tax year 2023
Assessed value
$4,616,548
Assessed 2023
Previous assessed
$4,616,548
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,768,680
Assessed improvement
$2,847,868
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
1986
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
129
Total area
51,924 SF
Lot
2.17 ac (94,525 SF)
Zoning code
C-2
APN
332-580-11-00-1
UPID
US09-3250470
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning 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
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.7M
RETAIL STORES
Est. value
$6.5M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
129
Lot
2.17 ac
Current owner
From public records · entity-resolved
Bakersfield Hotel LLC
Entity
Mailing address
3290 DUNES RD, MARINA, CA 93933-2005
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
$5,500,000
Bakersfield Hotel LLC
Cplg Properties LLC
Grant Deed
$4,500,000 · Cogent Bank
Jun 8, 2018
—
Cplg Properties LLC
—
Deed
related
—
May 17, 2018
—
Bre Of Lq Properties LLC
La Quinta Properties INC
Grant Deed
related
—
Feb 22, 2006
—
Bre Of Lq Properties LLC
La Quinta Properties INC
Grant Deed
$2,075,000,000 · * Other Institutional Lenders
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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