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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Industrial properties
330 19th St Bakersfield, CA 93301
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2677448
Property summary
AI-generated overview
This exceptional commercial property, located at 330 & 414 19th Street in the heart of Downtown Bakersfield, California (zip code 93301), offers a unique blend of office and warehouse space. The property consists of a single, two-story building totaling 22,032 square feet, built in 1936, and situated on a 1.75-acre lot. The property is zoned M-1. The building is currently available for multiple tenants, with a minimum divisible space of 1,840 square feet and a maximum contiguous space of 2,352 square feet. A total of 4,192 square feet is currently vacant and ready for immediate occupancy. This versatile space is ideal for businesses seeking a blend of traditional office and flex space. Its central location offers unparalleled convenience, with proximity to Mill Creek Park, the new Federal Court House Project, and the vibrant Downtown Business District, complete with a variety of restaurants and shops all within easy walking distance. The property's Assessed Parcel Number (APN) is 005-130-01. This presents a rare opportunity to establish a presence in a thriving and rapidly developing area of Bakersfield. Don't miss this chance to secure your business's future in this highly desirable location.
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1967
Construction
WOOD
Total area
7,202 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M-1
APN
016-120-05-00-5
UPID
US09-2677448
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
-
Boomer junk thrift Discount Store
-
Bakersfield Air Conditioning Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Mid State Development Corporation · 4 yrs held
Mid State Development Corporation
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+110.7%
Office building
$1.4M
+80.7%
Apartment house (5+ units)
$1.3M
+58.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,665,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$1,430,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,250,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Jul 15 2021)
Last sale anchor
$1.40M
Jul 15 2021
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
$194 / 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
$4,117
Tax year 2023
Assessed value
$348,840
Assessed 2023
Previous assessed
$348,840
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$22,440
Assessed improvement
$326,400
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
YES
Cooling
YES
Total area
7,202 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M-1
APN
016-120-05-00-5
UPID
US09-2677448
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CA
Zoning M-1 · permitted uses
M-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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
OFFICE BUILDING
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
1967
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.18 ac
Current owner
From public records · entity-resolved
Mid State Development Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
933 E CAMBRIDGE AVE, FRESNO, CA 93704-6202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 5, 2021
—
Mid State Development Corporation
Stephen R Mcbride
Assignment Of Lease (leasehold Sale)
—
Jul 15, 2021
$1,400,000
Stephen R Mcbride
330 E 19th Street LLC
Grant Deed
$700,000 · Citizens Business Bank
Dec 19, 2012
—
330 E 19th Street LLC
Berchtold Family Trust
Grant Deed
—
Jan 9, 2001
—
Berchtold Trust
Berchtold,elvin G & Ida E
Quit Claim 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.
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