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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Flex space
516 Golden State Ave Bakersfield, CA 93301-4131
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-0330699
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Construction
WOOD
Total area
6,675 SF
Lot
0.94 ac (40,946 SF)
Zoning code
M-2
APN
005-020-03-00-0
UPID
US09-0330699
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
-
Automotive Engineering Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$900k
Owner & transaction history
Terry Z Heintz · 24 yrs held
Terry Z Heintz
since 2002
7 recorded transactions
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+80.7%
Apartment house (5+ units)
$1.2M
+58.2%
Retail stores
$1.1M
+47.3%
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%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
OFFICE BUILDING
$1,325,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$135 / 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
$5,236
Tax year 2023
Assessed value
$443,713
Assessed 2023
Previous assessed
$443,713
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$198,783
Assessed improvement
$244,930
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
YES
Cooling
YES
Total area
6,675 SF
Lot
0.94 ac (40,946 SF)
Zoning code
M-2
APN
005-020-03-00-0
UPID
US09-0330699
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
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.94 ac
Current owner
From public records · entity-resolved
Terry Z Heintz
Individual
Mailing address
516 GOLDEN STATE AVE, BAKERSFIELD, CA 93301-4131
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
—
Terry Zane Heintz
—
Deed
related
$275,000 · Westamerica Bank
Feb 6, 2002
$312,500
Terry Z Heintz
Lambert Trust
Grant Deed
$156,000 · San Joaquin Bank
Jan 19, 2001
—
Sage Trust
Sage Trust
Quit Claim Deed
related
—
Dec 27, 2000
—
Lambert Trust
Lambert Trust
Quit Claim Deed
related
—
Nov 20, 2000
—
Lambert Trust
Lambert,francis W & Mary E
Quit Claim Deed
related
—
Nov 16, 2000
—
Sage Trust
Sage,stephan O & Carol M
Quit Claim Deed
related
—
Jul 31, 1991
$50,000
Francis Lambert
Koop,kenneth D
Grant Deed
—
—
—
Terry Z Heintz
—
Deed Of Trust
related
$275,000 · Westamerica Bk
—
—
Terry Z Heintz
—
Deed Of Trust
related
$350,000 · Westamerica Bank
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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