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Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Medical Office Space
4871 White Ln Bakersfield, CA 93309-6375
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1488115
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
6,500 SF
Lot
0.63 ac (27,442 SF)
Zoning code
M-1
APN
404-020-07-00-1
UPID
US09-1488115
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
-
DANIEL W ERICKSON Physician
-
Accelerated Urgent Care Medical Clinic
-
John-Baptist Mugema Medical Clinic
-
Sartell & Novick Accident Attorney Group Law Firm
-
Michael Avellan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.32M
Owner & transaction history
24th Street Holdings LLC · 2 yrs held
24th Street Holdings LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
M-1 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+77.1%
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
$4,000,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,630,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±10% · vs last sale $4.50M (Jul 27 2023)
Last sale anchor
$4.50M
Jul 27 2023
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
$664 / 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
$26,786
Tax year 2023
Assessed value
$2,175,258
Assessed 2023
Previous assessed
$2,175,258
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$457,361
Assessed improvement
$1,717,897
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Total area
6,500 SF
Lot
0.63 ac (27,442 SF)
Zoning code
M-1
APN
404-020-07-00-1
UPID
US09-1488115
Jurisdiction
KERN
Zoning & alternative use
M-1 · Bakersfield, CA
Zoning M-1 · permitted uses
M-1 · 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
RESTAURANT
Est. value
$2.6M
RESTAURANT
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
24th Street Holdings LLC
Entity
Mailing address
212 COFFEE RD, BAKERSFIELD, CA 93309-1258
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$4,500,000
24th Street Holdings LLC
4871 White Lane LLC
Grant Deed
$3,605,000 · Wells Fargo Bank NA
Jul 29, 2016
$3,325,000
4871 White Lane LLC
Rmafii Loc LLC
Grant Deed
$1,325,000 · Wells Fargo Bank NA
May 9, 2016
—
Rmafii Loc LLC
Red Mountain Asset Fund II LLC
Grant Deed
—
Jul 26, 2011
—
Red Mountain Asset Fund II LLC
Red Mountain Asset Fund I LLC
Quit Claim Deed
related
—
Jun 29, 2010
—
Red Mountain Asset Fund I LLC
Stine White Towne Center III LLC
Grant Deed
$85,000,000 · Farmers & Merchants Bank Of Long Be
Oct 19, 2006
—
Stine-white Towne Center III
Stine-white Towne Center LLC
Quit Claim Deed
—
Aug 6, 2003
—
Stine-white Towne Center LLC
Hyman,anne
Grant Deed
$3,200,000 · Farmers & Merchants Bk Lng Bch
Nov 7, 2001
—
Hyman Trust
Hyman Trust
Quit Claim Deed
related
—
—
—
Red Mountain Asset Fund II LLC
—
Deed Of Trust
related
$337,771 · Farmers & Merchants Bk/lng Bch
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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