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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Warehouses
3813 Mesa Grande St Bakersfield, CA 93304-6238
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1848852
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD
Total area
105,930 SF
Lot
3.85 ac (167,706 SF)
Zoning code
PCD
APN
405-050-08-00-0
UPID
US09-1848852
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
-
Tia Rosa Bakery Bakery Specialty Food Shop
-
Icee Co Pharmacy
-
US Storage Centers Storage Facility
-
Best-Weigh Scale Co Factory Industrial Manufacturer
-
Terra Air Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.12M
Blend (final)
Blend
$9.00M
Owner & transaction history
Raymond D Chinn · 3 yrs held
Raymond D Chinn
since 2022
Last sale
$9.0M
4 recorded transactions
Zoning & alternative use
PCD · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$14.3M
+4.0%
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
$9,125,000
ML approach
$8,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,730,000
Current use
INDUSTRIAL (GENERAL)
$14,285,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±10% · vs last sale $8.95M (Dec 6 2022)
Last sale anchor
$8.95M
Dec 6 2022
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
$85 / 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
$92,085
Tax year 2023
Assessed value
$7,631,554
Assessed 2023
Previous assessed
$7,631,554
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,219,366
Assessed improvement
$6,412,188
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
17
Total area
105,930 SF
Lot
3.85 ac (167,706 SF)
Zoning code
PCD
APN
405-050-08-00-0
UPID
US09-1848852
Jurisdiction
KERN
Zoning & alternative use
PCD · Bakersfield, CA
Zoning PCD · permitted uses
PCD · 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
WAREHOUSE, STORAGE Current
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
17
Lot
3.85 ac
Current owner
From public records · entity-resolved
Raymond D Chinn
Individual
Free & Clear · 3 yrs held
Mailing address
3005 MCCALL AVE STE #1450, BAKERSFIELD, CA 93304-6229
Ownership since
2022
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
Dec 6, 2022
—
Raymond D Chinn
Raymond D Chinn
Intrafamily Transfer
related
—
Oct 25, 2019
$8,950,000
Westport Bakersfield Mesa Gran
Keller Family Trust
Grant Deed
$5,400,000 · Bank Of America
Dec 1, 1995
$60,000
Keller Trust
Associates Leasing INC
Grant Deed
—
Apr 27, 1994
$158,079
Associates Leasing INC
Sparks,darrell L
Trustees Deed
—
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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