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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Banks
5021 California Ave, Bakersfield, CA 93309-1607
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-1681759
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1986
Construction
WOOD
Total area
16,165 SF
Lot
2.06 ac (89,733 SF)
Zoning code
C-O
APN
331-430-05-00-3
UPID
US09-1681759
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
-
Bank of America Mortgage Loan Service Bank
-
Bank of America ATM (Drive-thru) Atm Financial Consultant
-
Bank of America (with Drive-thru ATM) Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$770k
Owner & transaction history
Gem Investments Group LLC · 8 yrs held
Gem Investments Group LLC
since 2017
4 recorded transactions
Zoning & alternative use
C-O · 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,215,000
Current use
RETAIL STORES
$1,115,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$48 / 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
$40,370
Tax year 2023
Assessed value
$3,280,936
Assessed 2023
Previous assessed
$3,280,936
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,038,962
Assessed improvement
$2,241,974
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
16,165 SF
Lot
2.06 ac (89,733 SF)
Zoning code
C-O
APN
331-430-05-00-3
UPID
US09-1681759
Jurisdiction
KERN
Zoning & alternative use
C-O · Bakersfield, CA
Zoning C-O · permitted uses
C-O · 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
FINANCIAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
FINANCIAL BUILDING Current
RETAIL STORES
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
YES
Cooling
Yes
Stories
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Gem Investments Group LLC
Entity
Mailing address
1401 19TH ST STE #400, BAKERSFIELD, CA 93301-4400
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2017
$3,000,000
Gem Investments Group LLC
Gpt Gig Boa Portfolio Owner LLC
Grant Deed
$1,400,000 · American Riviera Bank
Dec 11, 2012
—
Gpt Gig Boa Portfolio Owners
First States Inv 5000a LLC
Grant Deed
—
Aug 6, 2003
$1,343,000
First States Investors 5000a
Bank Of America
Grant Deed
related
$400,000,000 · German American Capital Corp
Apr 30, 1980
—
Bank Of America Nt & Sa
—
Grant Deed
related
—
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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