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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
3550 Q St Bakersfield, CA 93301-1662
Entity Owned
Free & Clear
Property ID
US09-1906410
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
1,704 SF
Lot
2.24 ac (97,574 SF)
Zoning code
C-O
APN
120-420-05-00-2
UPID
US09-1906410
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
-
LabCorp Medical Laboratory Blood Testing Service
-
Lags Medical Centers Physician
-
Dr. Robert A. Shankerman, MD Physician
-
Dr. Shweta Agarwal, MD Physician
-
Shah Amit MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$350k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Pk Desai LLC
Pk Desai LLC
since 2025
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$590,000
+49.1%
Auto repair, garage
$560,000
+41.8%
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
$550,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$380,000
6.5%
$350,000
7%
$325,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $655k (May 20 2025)
Last sale anchor
$655k
May 20 2025
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
$296 / 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
$1,763
Tax year 2023
Assessed value
$149,264
Assessed 2023
Previous assessed
$149,264
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$49,403
Assessed improvement
$99,861
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
3
Total area
1,704 SF
Lot
2.24 ac (97,574 SF)
Zoning code
C-O
APN
120-420-05-00-2
UPID
US09-1906410
Jurisdiction
KERN
Zoning & alternative use
C-O · Bakersfield, CAZoning C-O · permitted uses
C-O · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$560,000
OFFICE BUILDING
Est. value
$340,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.24 ac
Current owner
From public records · entity-resolved
Pk Desai LLC
Entity
Free & Clear · 0 yrs held
Mailing address
19127 BLUE LYNX CT, MORGAN HILL, CA 95037-9051
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$892,500
Pk Desai LLC
Q Street Plaza LLC
Grant Deed
—
May 20, 2025
$655,000
Naaim A Yahya
Lags 50 LLC
Grant Deed
—
Mar 18, 2025
—
Family Care Clinic INC
Family Care Group INC
Grant Deed
—
Oct 22, 2021
$220,000
Family Care Group INC
Q Street Plaza LLC
Grant Deed
—
Apr 23, 2021
$225,000
Family Care Group INC
Q Street Plaza LLC
Grant Deed
—
Sep 20, 2019
$425,000
Lags 50 LLC
Q Street Plaza LLC
Grant Deed
—
Jul 31, 2017
$392,000
Lags 50 LLC
Q Street Plaza LLC
Grant Deed
$190,000 · Yahya Naaim & Karla Famil (pt)
Jul 22, 2013
$1,780,000
Q Street Plaza LLC
Nwk2 INC
Grant Deed
—
Dec 6, 2011
$2,325,000
Nwk2 INC
Wt Capital Lender Services
Trustees Deed
related
—
Mar 4, 2005
—
Arp Holdings LLC
Rta Leasing Ptshp
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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