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Property profile & analytics
OFF-MARKET
Estimated value
$11,335,000
Strip malls
4831 Panama Ln Bakersfield, CA 93313-3462
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3132470
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD
Total area
6,392 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C2
APN
515-031-25-00-2
UPID
US09-3132470
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 Real Estate Agency
-
CBD Solutions (Bike/Boat/Book/etc) Store
-
Premier Service Marriage Or Relationship Counselor
-
Heer Collection Clothing Store
-
Massage Place Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.34M
Owner & transaction history
Millennium Holding Company LLC · 4 yrs held
Millennium Holding Company LLC
since 2021
Last sale
$10.6M
5 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
$10,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.34M
Range $10.20M – $12.47M · ±10% · vs last sale $10.63M (Sep 30 2021)
Last sale anchor
$10.63M
Sep 30 2021
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
$1,773 / 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
$17,158
Tax year 2023
Assessed value
$1,407,600
Assessed 2023
Previous assessed
$1,407,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$183,600
Assessed improvement
$1,224,000
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
5
Total area
6,392 SF
Lot
0.41 ac (17,859 SF)
Zoning code
C2
APN
515-031-25-00-2
UPID
US09-3132470
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
5
Lot
0.41 ac
Current owner
From public records · entity-resolved
Millennium Holding Company LLC
Entity
Mailing address
14628 GREATEST PL, BAKERSFIELD, CA 93314-7231
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
—
—
—
Palms Bakersfield Ltd LLC
—
Deed Of Trust
related
$11,800,000 · 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.
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