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Property profile & analytics
FOR LEASE
Showrooms
4040 Easton Dr Bakersfield, CA 93309
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-3727861
For Lease
1 / 2
Contact for pricing
4040 Easton Dr, Bakersfield, CA 93309
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1978
Construction
WOOD
Total area
13,440 SF
Lot
0.69 ac (30,056 SF)
Zoning code
M-1
APN
332-256-18-00-8
UPID
US09-3727861
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
-
Injury Lawyer Pros Bakersfield Law Firm
-
Reliable Carpet & Tile Cleaning Commercial Cleaning Service Janitorial Service
-
No Image Photography Photography Service (Bike/Boat/Book/etc) Store
-
Durgan Dumpster Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Project Oh! Magazine Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$975k
Blend (final)
Blend
$810k
Owner & transaction history
Eddie K Arakelian · 22 yrs held
Eddie K Arakelian
since 2003
4 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of M-1 zone is to promote light manufacturing and related uses
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
4,337.24 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10%
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
$60 / 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
$7,994
Tax year 2023
Assessed value
$655,946
Assessed 2023
Previous assessed
$655,946
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$122,985
Assessed improvement
$532,961
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1978
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
11
Total area
13,440 SF
Lot
0.69 ac (30,056 SF)
Zoning code
M-1
APN
332-256-18-00-8
UPID
US09-3727861
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CAZoning M-1 · permitted uses
M-1 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of M-1 zone is to promote light manufacturing and related uses
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
4,337.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
11
Lot
0.69 ac
Current owner
From public records · entity-resolved
Eddie K Arakelian
Individual
Mailing address
1700 K ST STE #200, BAKERSFIELD, CA 93301-5249
Ownership since
2003
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
Oct 26, 2016
—
Eddie K Arakelian JR.
—
Deed
related
$384,410 · Compass Bank
Sep 17, 2003
$480,000
Eddie K Arakelian
Dion,tr
Grant Deed
—
May 1, 1996
—
Dion Trust
Dion,marianne
Quit Claim Deed
related
—
—
—
Eddie K Arakelian JR.
—
Deed Of Trust
related
$500,000 · Premier Valley 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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