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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Flex space
5035 Gilmore Ave Bakersfield, CA 93308-6151
Entity Owned
17-yr Hold
Free & Clear
Property ID
US10-3240025
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
WOOD
Total area
5,488 SF
Lot
0.41 ac (17,859 SF)
Zoning code
M-2
APN
332-020-59-00-8
UPID
US10-3240025
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
-
American Red Cross CPR, First Aid, and AED Certification Training Center Vocational School
-
American Red Cross Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$500k
Owner & transaction history
M & Y Commercial LLC · 17 yrs held
M & Y Commercial LLC
since 2009
4 recorded transactions
Zoning & alternative use
M-2 · 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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
AUTO REPAIR, GARAGE
$710,000
Change: -3% · Conversion: Easy
RETAIL STORES
$685,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$91 / 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
$4,963
Tax year 2023
Assessed value
$418,870
Assessed 2023
Previous assessed
$418,870
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$113,888
Assessed improvement
$304,982
Applied tax rate
70.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Total area
5,488 SF
Lot
0.41 ac (17,859 SF)
Zoning code
M-2
APN
332-020-59-00-8
UPID
US10-3240025
Jurisdiction
KERN
Zoning & alternative use
M-2 · Bakersfield, CA
Zoning M-2 · permitted uses
M-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$655,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.41 ac
Current owner
From public records · entity-resolved
M & Y Commercial LLC
Entity
Free & Clear · 17 yrs held
Mailing address
6706 MELLON CT, BAKERSFIELD, CA 93308-1971
Ownership since
2009
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
Apr 21, 2009
—
M & Y Commercial LLC
Gay,mark T & Yolanda
Grant Deed
—
Dec 31, 2008
—
David S Gay
Dean & Adah Gay Family
Quit Claim Deed
—
Dec 31, 2008
$662,000
Mark T Gay
Gay,david S & Catherine J
Grant Deed
related
—
Aug 12, 1999
$79,500
Dean & Adah Gay Family 1 LP
Gay Trust
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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