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Property profile & analytics
OFF-MARKET
Estimated value
$18,130,000
Office buildings
5080 California Ave Bakersfield, CA 93309-1698
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0153083
Property summary
AI-generated overview
The Stockdale Tower II, a prestigious Class A office building in Bakersfield's California Corridor, offers 97,508 square feet of executive office space. This four-story building, constructed in 1986, sits on 1.33 acres at 5080 California Ave, at the corner of California Avenue and Mohawk, providing high visibility. The property features two passenger elevators and a generous 983 parking spaces (4.25 ratio). Units range from 826 to 3,586 contiguous square feet, with 8,301 square feet currently vacant. Amenities include a full-service gym with showers and locker rooms for tenants, and a convenient location near restaurants and shopping. A full-service salon is located in the adjacent building. Tenants enjoy free use of the adjacent four-level parking garage. The building is zoned C-O (Kern County APN 331-023-11) and offers building signage opportunities, subject to lease terms and rates. Utilities and janitorial services are not included. This is a multiple tenancy building.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
WOOD
Total area
100,480 SF
Lot
1.33 ac (57,934 SF)
Zoning code
CO
APN
331-023-11-00-2
UPID
US09-0153083
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
-
Behavior Frontiers Autism Center Medical Clinic
-
Point Loma Nazarene University - Bakersfield Regional Center College University
-
Northwestern Mutual Financial Advisor
-
USDA-NRCS Corporate Office
-
QK Inc. Civil Engineer Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.82M
Comparable Approach
Comparable
$17.30M
Blend (final)
Blend
$18.13M
Owner & transaction history
Dp Tower II LP · 9 yrs held
Dp Tower II LP
since 2016
6 recorded transactions
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.0M
+3.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$23,635,000
6.5%
$21,815,000
7%
$20,255,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$22,255,000
Current use
MEDICAL BUILDING
$22,975,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$18.13M
Range $16.32M – $19.94M · ±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
$180 / 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
$137,685
Tax year 2023
Assessed value
$11,255,583
Assessed 2023
Previous assessed
$11,255,583
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$680,464
Assessed improvement
$10,575,119
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
16
Total area
100,480 SF
Lot
1.33 ac (57,934 SF)
Zoning code
CO
APN
331-023-11-00-2
UPID
US09-0153083
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CA
Zoning CO · permitted uses
CO · 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
OFFICE BUILDING Current
Est. value
$22.3M
MEDICAL BUILDING
Est. value
$23.0M
OFFICE BUILDING Current
MEDICAL BUILDING
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
4
Units
16
Lot
1.33 ac
Current owner
From public records · entity-resolved
Dp Tower II LP
Entity
Mailing address
8665 WILSHIRE BLVD STE #410, BEVERLY HILLS, CA 90211-2933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Dp Tower I LP
—
Deed
related
$24,360,000 · Mechanics Bank
Jul 29, 2016
$17,275,000
Dp Tower II LP
5080 California Associates LLC
Grant Deed
$12,375,000 · Rabobank
Oct 7, 2013
$5,059,500
5080 California Associates LLC
5080 California LLC
Grant Deed
—
Jul 9, 2004
—
Anagnos,tr
Anagnos,tr
Quit Claim Deed
related
—
Nov 7, 2003
—
5080 California LLC
Anagnos,tr
Deed Of Trust
related
$4,900,000 · Anagnos Trust
—
—
Amagnos,tr
—
Deed Of Trust
related
$2,000,000 · Bank Of The West
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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