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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Banks
5021 California Ave Bakersfield, CA 93309-1607
Entity Owned
9-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 · 9 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
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
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, CAZoning 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
Zoning description
The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.
Zone name
Commercial And Professional Office
General category
COMMERCIAL
Zone area
655.71 ac
Source
Realmo
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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