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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
4020 California Ave Bakersfield, CA 93309-1012
Individually Owned
1-yr Hold
Free & Clear
Property ID
US10-2070485
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
WOOD
Total area
4,900 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C-2
APN
332-322-06-00-5
UPID
US10-2070485
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
-
Queen's Furniture and Electronics Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$695k
Owner & transaction history
Nathan Negri · 1 yrs held
Nathan Negri
since 2025
Last sale
$805,000
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Top alternative use upside
Medical building
$1.1M
+60.8%
Office building
$1.1M
+55.8%
Auto repair, garage
$780,000
+12.0%
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
$675,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
MEDICAL BUILDING
$1,120,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $805k (Jan 24 2025)
Last sale anchor
$805k
Jan 24 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
$142 / 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
$9,963
Tax year 2023
Assessed value
$821,100
Assessed 2023
Previous assessed
$821,100
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$270,300
Assessed improvement
$550,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,900 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C-2
APN
332-322-06-00-5
UPID
US10-2070485
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CAZoning C-2 · permitted uses
C-2 · 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-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1975
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Nathan Negri
Individual
Free & Clear · 1 yrs held
Mailing address
1332 W MORAGA RD, FRESNO, CA 93711-0522
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Nathan Negri
Nathan Negri
Deed
related
—
May 13, 2022
$805,000
Nathan Negri
Acalc LLC
Grant Deed
$564,000 · Mission Bank
May 13, 2022
—
Nathan Negri
Francesca Negri
Intrafamily Transfer
related
—
Feb 19, 2020
—
Acalc LLC
Shogun Palace LLC
Grant Deed
—
Apr 18, 2008
$500,000
The Shogun Palace LLC
Three Way Partners
Grant Deed
$370,000 · Wells Fargo Bank NA
Dec 15, 1993
—
Fulton Trust
Eaglesons Big &
Grant Deed
related
—
Jul 16, 1993
$230,000
Eaglesons Big & Tall INC
Philadelphia Lif
Grant Deed
—
Nov 16, 1990
$490,000
Philadelphia Lif
Smith,john R
Grant 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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