Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3501 Grassotti Ct Bakersfield, CA 93309-6159

    • Apartment buildings
    • 15,300 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2591621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SHARPE SECURITY / Security Service

    Property Details for 3501 Grassotti Ct

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    15,300 SF
    Property type
    Apartment buildings
    APN
    441-151-04-00-8
    APU
    44115104008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,670,000
      Market price range: $1.67M - $2.69M
      AI Estimate
      $1,585,000
      Market price range: $755k - $3.22M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,160,000
      Current use
      AUTO REPAIR, GARAGE
      $2,435,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $2,175,000
      Change: +1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,065,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.042
    Latitude
    35.3297
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,821
    $35,344
    $1,213,605
    $1,248,949
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,320,000
      57,360 SF

      1000 Mohawk St

      APARTMENT HOUSE (5+ UNITS) • 57,360 SF
      1000 Mohawk St, Bakersfield, CA 93309-7427
      View Details
    • Value Estimation
      $2,550,000
      22,336 SF

      420 Real Rd

      APARTMENT HOUSE (5+ UNITS) • 22,336 SF
      420 Real Rd, Bakersfield, CA 93309-3300
      View Details
    • Value Estimation
      $1,590,000
      13,960 SF

      420 Real Rd

      APARTMENT HOUSE (5+ UNITS) • 13,960 SF
      420 Real Rd, Bakersfield, CA 93309-3300
      View Details
    • Value Estimation
      $1,990,000
      11,853 SF

      253 Stine Rd

      APARTMENT HOUSE (5+ UNITS) • 11,853 SF
      253 Stine Rd, Bakersfield, CA 93309-3280
      View Details
    • Value Estimation
      $2,110,000
      13,472 SF

      3000 Stine Rd

      APARTMENT HOUSE (5+ UNITS) • 13,472 SF
      3000 Stine Rd, Bakersfield, CA 93309-5891
      View Details
    • Value Estimation
      $1,120,000
      10,560 SF

      520 Lansing Dr

      APARTMENT HOUSE (5+ UNITS) • 10,560 SF
      520 Lansing Dr, Bakersfield, CA 93309-3096
      View Details

    Similar Nearby for Sale

    • $99,990

      Stockdale Villas Mobile Home

      Mobile home in Stockdale Villas community with amenities.
      3535 Stine Rd, Bakersfield, CA 93309
      View Details
    • $215,000
      966 SF

      Move-In Ready Renovated Condo

      Updated condo with attached garage, private patio, and community pool.
      4801 Belle Ter, Bakersfield, CA 93309
      View Details
    • $8,000,000
      30,388 SF

      Bakersfield Retail Center - Prime Location

      Vacant 30,388 SF Shopping Center
      5000 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      0.45 Acres

      Bakersfield Commercial Land Opportunity

      Prime R-1 Zoned Land, High Visibility
      0 White Ln & Akers Rd, Bakersfield, CA 93309
      View Details
    • $791,000
      1 SF

      Retail Pad Near Freeway Ramp

      1.01 AC retail pad for sale or ground lease.
      2700 White Ln, Bakersfield, CA 93309
      View Details
    • $16,950,000

      Bakersfield Medical Center Portfolio

      Two Class A medical buildings, sale/leaseback.
      5000 Commerce Dr, Bakersfield, CA 93309
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,800 SF

      Bakersfield Retail Center Opportunity

      High-traffic retail spaces available in Bakersfield, CA.
      4800 White Ln, Bakersfield, CA 93309
      View Details
    • $21 SF/Yr
      11,133 SF

      Stockdale Hwy Office Space Available

      High-visibility Bakersfield office, 5,980 SF available.
      5151 Stockdale Hwy, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      25,978 SF

      Fountain Plaza Retail Center

      Bakersfield retail space, high visibility
      600 Coffee Rd, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      20,000 SF

      Stockdale Town Center Retail Land

      Prime Bakersfield Retail Opportunity: 20,000 SF Vacant Land
      Bakersfield CA Stine Rd & Beechwood St, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      9,000 SF

      Retail Complex on Ming Avenue

      132,469 sq ft retail complex at Ming and Stine.
      4340-4480 Ming Ave, Bakersfield, CA 93309
      View Details
    • $1.75 SF/Yr
      954 SF

      Class A Office Space Available

      Class A office building in Bakersfield's largest office submarket.
      5201 California Ave, Bakersfield, CA 93309
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3501 Grassotti Ct
    Bakersfield, CA 93309-6159
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.