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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Apartment buildings
4301 Belle Ter Bakersfield, CA 93309-3983
Individually Owned
32-yr Hold
Absentee Owner
Property ID
US09-2229330
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
6,196 SF
Lot
4.59 ac (199,940 SF)
Zoning code
R-3
APN
164-380-22-00-0
UPID
US09-2229330
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
-
Del Pine Terrace Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.18M
Owner & transaction history
Eugene E Simpson · 32 yrs held
Eugene E Simpson
since 1993
6 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+62.1%
Office building
$1.4M
+57.1%
Auto repair, garage
$985,000
+12.9%
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%
$1,245,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$875,000
Current use
MEDICAL BUILDING
$1,415,000
Change: +62% · Conversion: Moderate
OFFICE BUILDING
$1,370,000
Change: +57% · Conversion: Moderate
AUTO REPAIR, GARAGE
$985,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$835,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$190 / 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
$101,071
Tax year 2023
Assessed value
$5,627,849
Assessed 2023
Previous assessed
$5,627,849
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$914,749
Assessed improvement
$4,713,100
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
GAS
Cooling
OTHER
Stories
2
Units
112
Total area
6,196 SF
Lot
4.59 ac (199,940 SF)
Zoning code
R-3
APN
164-380-22-00-0
UPID
US09-2229330
Jurisdiction
KERN
Zoning & alternative use
R-3 · Bakersfield, CA
Zoning R-3 · permitted uses
R-3 · 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
$875,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$880,000
INDUSTRIAL (GENERAL)
Est. value
$835,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (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
1985
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
112
Lot
4.59 ac
Current owner
From public records · entity-resolved
Eugene E Simpson
Individual
Mailing address
7419 N CEDAR AVE STE #102, FRESNO, CA 93720-3640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
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
Aug 10, 2017
—
Del Pine Terrace Associates
—
Deed
related
$5,000,000 · Miscellaneous Ins Co
Oct 15, 1993
$192,000
Eugene E Simpson
Walnut Woods Ass
Grant Deed
related
—
Jul 12, 1991
$3,750,000
Woods Ass Walnut
Unical Financial
Grant Deed
$2,960,000 · Union Fsb
—
—
Del Pine Terrace Associates
—
Deed Of Trust
related
$6,000,000 · Lincoln National Life Ins
—
—
Del Pine Terrace Associates
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Ins Co
—
—
Del Pine Terrace Associates
—
Deed Of Trust
related
$6,300,000 · Commercial Capital Bank Fsb
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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