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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Theaters & concert halls
424 24th St Bakersfield, CA 93301-4104
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-3090645
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1939
Construction
WOOD
Total area
32,742 SF
Lot
1.57 ac (68,389 SF)
Zoning code
M2
APN
005-010-07-01-8
UPID
US09-3090645
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
-
The Iron Lily Venue Wedding Service
-
Bella Allure Studio Wedding Service Photography Service
-
Anything For The Shot (Bike/Boat/Book/etc) Store Photography Service
-
Ray Chinn Construction Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.01M
Owner & transaction history
The Iron Lily LLC · 8 yrs held
The Iron Lily LLC
since 2018
4 recorded transactions
Zoning & alternative use
M2 · 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
by Request
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$31 / 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
$12,731
Tax year 2023
Assessed value
$1,059,448
Assessed 2023
Previous assessed
$1,059,448
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$272,315
Assessed improvement
$787,133
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
2
Total area
32,742 SF
Lot
1.57 ac (68,389 SF)
Zoning code
M2
APN
005-010-07-01-8
UPID
US09-3090645
Jurisdiction
KERN
Zoning & alternative use
M2 · Bakersfield, CA
Zoning M2 · permitted uses
M2 · 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.
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
The Iron Lily LLC
Entity
Mailing address
508 E PANAMA LN, BAKERSFIELD, CA 93307
Ownership since
2018
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
Jan 12, 2018
$950,000
The Iron Lily LLC
Rcci Properties LLC
Grant Deed
$475,000 · Mission Bank
Aug 5, 2010
$715,000
Rcci Properties LLC
4m Investments
Grant Deed
$530,000 · 4m Invs LLC
Mar 31, 1978
—
Southern Auto Supply INC
—
Grant Deed
related
—
—
—
Rcci Properties LLC
—
Deed Of Trust
related
$530,000 · Jason Kaiser
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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