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Property profile & analytics
OFF-MARKET Estimated value $2,565,000
Motels

5200 Olive Tree Ct Bakersfield, CA 93308-2956

30,468 SF 0.56 ac lot Built 1984
Individually Owned 2-yr Hold Free & Clear
Property ID
US09-1158713
Property summary
AI-generated overview

This exceptional value-add opportunity presents a 100-key motel ideally situated in Bakersfield, California. The property, known as the Best Economy Inn, boasts a substantial 30,468 square feet of building space spread across three, two-story buildings, all situated on a generous 69,260 square foot lot. Built in 1981, the motel is zoned C2, offering potential for various redevelopment or expansion options. The property's current configuration includes 100 keys, providing a solid foundation for immediate income generation and future growth. The location at 5200 Olive Tree Ct, Bakersfield, CA 93308, within Kern County, offers convenient access to local amenities and transportation routes. This represents a significant opportunity for investors seeking to capitalize on the strong hospitality market in Bakersfield. The motivated seller invites all offers, making this a compelling investment prospect for those with a vision for enhancing and maximizing the property's potential. The property's size and zoning provide flexibility for future development plans, allowing for creative approaches to increase revenue and profitability. This is a rare chance to acquire a well-located, established motel with significant upside potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1984
Construction WOOD
Total area 30,468 SF
Lot 0.56 ac (24,393 SF)
Zoning code C-2
APN 364-211-10-00-0
UPID US09-1158713
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
  • Best Economy Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.53M
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$2.57M
Owner & transaction history
Harminder K Momi · 2 yrs held
Harminder K Momi
since 2024
5 recorded transactions
2024
$160,000
2022
Price N/A
2007
Price N/A
2007
Price N/A
2006
Price N/A
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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