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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Retail space
3521 Mt Pinos Way Frazier Park, CA 93225
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2965936
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
STEEL FRAME
Total area
9,141 SF
Lot
0.83 ac (36,154 SF)
Zoning code
C-2
APN
259-151-11-00-9
UPID
US09-2965936
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.42M
Owner & transaction history
Michael Kerns · 5 yrs held
Michael Kerns
since 2021
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
C-2 · Frazier Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+174.2%
Restaurant
$2.8M
+146.5%
Medical building
$1.9M
+67.5%
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 Frazier Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frazier Park 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
$2,675,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,155,000
Change: +174% · Conversion: Moderate
RESTAURANT
$2,835,000
Change: +146% · Conversion: Easy
MEDICAL BUILDING
$1,925,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±10% · vs last sale $2.34M (Feb 1 2021)
Last sale anchor
$2.34M
Feb 1 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
$264 / 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
$26,128
Tax year 2023
Assessed value
$2,434,535
Assessed 2023
Previous assessed
$2,434,535
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$263,221
Assessed improvement
$2,171,314
Applied tax rate
84.0000
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
2016
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
9,141 SF
Lot
0.83 ac (36,154 SF)
Zoning code
C-2
APN
259-151-11-00-9
UPID
US09-2965936
Jurisdiction
KERN
Zoning & alternative use
C-2 · Frazier Park, CA
Zoning C-2 · permitted uses
C-2 · Frazier Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frazier Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2016
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Michael Kerns
Individual
Mailing address
6245 SANTA MONICA BLVD, LOS ANGELES, CA 90038-1703
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
Feb 1, 2021
$2,340,000
Michael Kerns
Ha Penny Inn LLC
Grant Deed
$1,200,000 · Bank Of The West
Apr 28, 2017
$2,300,000
Ha Penny Inn LLC
Dg-frazier Park Ca-1-ut LLC
Grant Deed
$1,495,000 · Balboa Thrift & Ln
Dec 4, 2015
$350,000
Dg Frazier Park Ca-1-ut LLC
Sigmund J Lichter
Grant Deed
$1,755,222 · North American Savings Bank Fsb
Nov 30, 1975
—
Sanger,winston D Trust
—
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.
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