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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Grocery and convenience stores
430 Brundage Ln Bakersfield, CA 93304-3211
Trust Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-3733917
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1956
Construction
WOOD
Total area
14,854 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-2
APN
010-032-15-00-0
UPID
US09-3733917
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
-
Watermill Express Big Box & Wholesale Store
-
Apostles Church and Prophets Church
-
Kern Wig and Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.22M
Owner & transaction history
Kim Family 2010 Trust · 15 yrs held
Kim Family 2010 Trust
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,005,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$82 / 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
$4,437
Tax year 2023
Assessed value
$356,371
Assessed 2023
Previous assessed
$356,371
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$40,596
Assessed improvement
$315,775
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
14,854 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-2
APN
010-032-15-00-0
UPID
US09-3733917
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning 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
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1956
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Kim Family 2010 Trust
Trust
Mailing address
11716 MONTE LEON WAY, NORTHRIDGE, CA 91326-1514
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2010
—
Kim Family 2010 Trust
Kim,david K S & Jane Y
Quit Claim Deed
related
—
Oct 17, 2003
$500,000
David K Kim
Kim,soon S
Grant Deed
related
$100,000 · Yong T Park
Oct 2, 2003
—
Soon S Kim
Kim,mi J
Quit Claim Deed
related
—
Apr 14, 2003
—
Chung W Kim
Kim,chung W
Quit Claim Deed
related
—
Nov 12, 2002
—
Chung W Kim
Lee,soon N
Quit Claim Deed
related
—
Jul 26, 2002
—
Soon N Lee
Lee,song N
Quit Claim Deed
related
—
Jun 14, 2001
—
Song N Lee
Lee,song
Quit Claim Deed
related
—
May 31, 2001
$397,500
Song Lee
Hanmi Bank
Grant Deed
$257,500 · Saehan Bank
Jan 12, 2001
$367,223
Hanmi Bank
Ho,robert Y & Patricia H
Trustees Deed
related
—
—
—
David K Kim
—
Deed Of Trust
related
$37,790 · Sedona Investment INC
—
—
David K Jane Y Kim
—
Deed Of Trust
related
$20,000 · Myoung S Chang
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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