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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Apartment buildings
401 Columbus St Bakersfield, CA 93301-5808
Entity Owned
2-yr Hold
Property ID
US09-2675230
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
58,132 SF
Lot
3.39 ac (147,668 SF)
Zoning code
C-O
APN
120-320-02-00-4
UPID
US09-2675230
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
-
Panorama Park Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.80M
CAP Approach
CAP
$10.77M
Comparable Approach
Comparable
$7.01M
Blend (final)
Blend
$8.80M
Owner & transaction history
Fh Panorama Park LP · 2 yrs held
Fh Panorama Park LP
since 2024
Last sale
$8.8M
6 recorded transactions
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.5M
+33.2%
Office building
$11.5M
+14.2%
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
$8,800,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
$11,660,000
6.5%
$10,765,000
7%
$9,995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,100,000
Current use
MEDICAL BUILDING
$13,450,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$11,535,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$9,405,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,175,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $8.80M (Mar 5 2024)
Last sale anchor
$8.80M
Mar 5 2024
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
$151 / 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
$20,437
Tax year 2023
Assessed value
$4,565,578
Assessed 2023
Previous assessed
$4,565,578
+0.0% YoY
Effective rate
0.45%
On assessed value
Assessed land
$409,581
Assessed improvement
$4,155,997
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
GAS
Cooling
YES
Stories
2
Units
66
Total area
58,132 SF
Lot
3.39 ac (147,668 SF)
Zoning code
C-O
APN
120-320-02-00-4
UPID
US09-2675230
Jurisdiction
KERN
Zoning & alternative use
C-O · Bakersfield, CA
Zoning 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
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$13.5M
OFFICE BUILDING
Est. value
$11.5M
RETAIL STORES
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
1982
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
66
Lot
3.39 ac
Current owner
From public records · entity-resolved
Fh Panorama Park LP
Entity
Mailing address
780 3RD AVE FL, NEW YORK, NY 10017-2024
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$8,800,000
Fh Panorama Park LP
Panorama Park Preservation LP
Grant Deed
$8,175,000 · Greystone Servicing Company LLC
Jun 5, 2019
—
Panorama Park Preservation LP
—
Grant Deed
related
$4,630,000 · Deutsche Bk Ag/ny Branch
Feb 22, 2008
—
Panorama Park Preservation
Panorama Park Apartmens
Quit Claim Deed
$1,200,000 · Aimco Properties LP
Oct 31, 1979
—
Panorama Park Apartments
—
Grant Deed
related
—
—
—
Panorama Park Preservation
—
Deed Of Trust
related
$2,391,000 · Pnc Bank
—
—
Panorama Park Preservation LP
—
Loan Modification
related
$2,391,000 · Federal Hm Ln Mtg
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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