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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Medical Office Space
4000 Physicians Blvd Bakersfield, CA 93301-1282
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2783832
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
16,456 SF
Lot
0.36 ac (15,681 SF)
Zoning code
CO
APN
120-221-05-00-1
UPID
US09-2783832
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
-
Ito Hiroki MD Physician
-
Lotus Property Management Property Management Company
-
Habib Moksedul MD Physician
-
John R. Owens MD Physician
-
Dr. Richard E. Stewart, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.12M
CAP Approach
CAP
$3.37M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$3.02M
Owner & transaction history
Physicians Boulevard Holding LLC · 3 yrs held
Physicians Boulevard Holding LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,470,000
ML approach
$3,120,000
CAP Approach
CAP Return
Estimation
6%
$3,655,000
6.5%
$3,370,000
7%
$3,130,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,810,000
Current use
OFFICE BUILDING
$3,265,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $2.50M (Feb 7 2023)
Last sale anchor
$2.50M
Feb 7 2023
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
$184 / 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
$21,596
Tax year 2023
Assessed value
$1,810,913
Assessed 2023
Previous assessed
$1,810,913
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$155,733
Assessed improvement
$1,655,180
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
YES
Cooling
OTHER
Stories
1
Total area
16,456 SF
Lot
0.36 ac (15,681 SF)
Zoning code
CO
APN
120-221-05-00-1
UPID
US09-2783832
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CA
Zoning CO · permitted uses
CO · 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 Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING Current
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
YES
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Physicians Boulevard Holding LLC
Entity
Mailing address
7332 E CLAREMONT ST, SCOTTSDALE, AZ 85250-5527
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$2,500,000
Physicians Boulevard Holding LLC
Lotus Property Management LLC
Grant Deed
$1,625,000 · Western Alliance Bank
Sep 12, 2012
—
Houchin Clifford M Trust 1a
Houchin C M Trust 1
Quit Claim Deed
related
—
Jun 14, 2012
—
Houchin Clifford M Trust 1a
Houchin C M Trust 1
Quit Claim Deed
—
Jun 14, 2012
$250,000
Lotus Property Management LLC
Houchin Ents INC
Grant Deed
—
Jun 5, 2012
—
Sarabjit Singh
Singh,suki
Quit Claim Deed
related
—
Aug 14, 2007
—
Sarabit Singh
Singh,sarabit
Quit Claim Deed
related
—
Apr 27, 2007
$250,000
Sarabjit Singh
Smale Leroy E & F Trust
Grant Deed
—
Apr 27, 2007
—
Sarabjit Singh
Zhao,qian
Grant Deed
related
—
Apr 20, 2007
—
Houchin Ents INC
Houchin,janice L
Quit Claim Deed
related
—
Jan 24, 2005
—
Visconti-smale C & C Trust
Smale,christopher L
Quit Claim Deed
related
—
Mar 12, 2002
$30,000
Houchin Enterprises INC
Houchin,wallace H
Grant Deed
related
—
Dec 20, 2001
—
Moser Trust
Moser,lee J & Carolyn R
Quit Claim Deed
related
—
Nov 8, 1996
$27,000
Houchin Trust
Fairway Square Realty INC
Grant Deed
related
—
—
—
Smale Trust
—
Deed Of Trust
related
$1,275,000 · Wells Fargo Bank
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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