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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Parking lots & garages
5080 California Ave Bakersfield, CA 93309-1698
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-4362997
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Construction
WOOD
Lot
2.27 ac (98,881 SF)
Zoning code
C-O
APN
331-023-13-00-8
UPID
US09-4362997
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. Environmental Consultant Land Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Dp Tower II LP · 10 yrs held
Dp Tower II LP
since 2016
5 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
—
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
$97,840
Tax year 2023
Assessed value
$8,015,000
Assessed 2023
Previous assessed
$8,015,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,160,137
Assessed improvement
$6,854,863
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Lot
2.27 ac (98,881 SF)
Zoning code
C-O
APN
331-023-13-00-8
UPID
US09-4362997
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
Building & site characteristics
From public records
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
2.27 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
Yes
Owner-occupied
Yes
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
5 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
—
Nov 7, 2003
—
5080 California LLC
Anagnos,tr
Grant Deed
related
$4,900,000 · Anagnos Trust
—
—
5080 California LLC
—
Deed Of Trust
related
$9,800,000 · Cibc INC
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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