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Property profile & analytics
OFF-MARKET
Estimated value
$11,845,000
Strip malls
4701 Panama Ln Bakersfield, CA 93313-3406
Entity Owned
~
Est. High Equity
Property ID
US10-3130886
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD
Total area
5,760 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C2
APN
515-031-20-00-7
UPID
US10-3130886
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
-
Miramar International Panama Lane Real Estate Agency
-
AJITPAL TIWANA MD FAMILY MEDICAL Medical Group
-
Bakersfield Pharmacy Pharmacy
-
Me n ed's Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.85M
Owner & transaction history
Billennium Holding Company LLC
Billennium Holding Company LLC
since 2025
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
C2 · 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
$13,735,000
ML approach
$10,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.85M
Range $10.66M – $13.03M · ±10% · vs last sale $11.57M (May 1 2025)
Last sale anchor
$11.57M
May 1 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
$2,056 / 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
$15,563
Tax year 2023
Assessed value
$1,269,900
Assessed 2023
Previous assessed
$1,269,900
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$300,900
Assessed improvement
$969,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
5,760 SF
Lot
0.68 ac (29,620 SF)
Zoning code
C2
APN
515-031-20-00-7
UPID
US10-3130886
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Billennium Holding Company LLC
Entity
Mailing address
14628 GREATEST PL, BAKERSFIELD, CA 93314-7231
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$11,569,000
Billennium Holding Company LLC
Millennium Holding Company LLC
Grant Deed
—
Sep 30, 2021
$10,631,500
Millennium Holding Company LLC
Warren C Woo
Grant Deed
$4,631,000 · Citizens Business Bank
Sep 30, 2021
—
2000 Aos Partners LLC
2000 Aos Partners LLC
Intrafamily Transfer
related
—
Feb 13, 2015
—
2000 Aos Partners LLC
Sa California Group INC
Quit Claim Deed
related
$6,020,000 · Wells Fargo Bank NA
Dec 11, 2013
$5,015,895
Sa California Group INC
First American Title Ins
Trustees Deed
—
Oct 5, 2006
$760,000
Loung K Chao
Palms Bakersfield Ltd LLC
Grant Deed
$570,000 · Bank Of The Sierra
Sep 21, 2006
—
Subway Real Estate Corp
Palms Bakersfield Ltd LLC
Grant Deed
related
—
Jan 26, 2006
—
Palms Bakersfield Ltd LLC
—
Trustees Deed
related
$9,136,000 · Pff Bank & Trust
Jan 21, 2005
—
Etchechury Gabrielle Trust
Etchechury R & G 1994 Trust
Quit Claim Deed
related
—
—
—
Palms Bakersfield Ltd LLC
—
Deed Of Trust
related
$460,000 · Pff Bank & Trust
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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