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Property profile & analytics
OFF-MARKET
Estimated value
$41,815,000
Apartment buildings
5201 Gasol Ct Bakersfield, CA 93313-5999
Entity Owned
3-yr Hold
Property ID
US09-5105823
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Total area
269,429 SF
Lot
12.71 ac (553,647 SF)
Zoning code
R-2
APN
538-310-01-00-3
UPID
US09-5105823
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.18M
Comparable Approach
Comparable
$41.24M
Blend (final)
Blend
$41.82M
Owner & transaction history
Boardwalk Lux LLC · 3 yrs held
Boardwalk Lux LLC
since 2022
7 recorded transactions
Zoning & alternative use
R-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$61.6M
+11.3%
Office building
$56.9M
+2.8%
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%
$45,695,000
6.5%
$42,180,000
7%
$39,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$55,330,000
Current use
MEDICAL BUILDING
$61,600,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$56,890,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$41.82M
Range $37.63M – $46.00M · ±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
$155 / 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
$395,332
Tax year 2023
Assessed value
$28,127,056
Assessed 2023
Previous assessed
$28,127,056
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$4,040,352
Assessed improvement
$24,086,704
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
217
Total area
269,429 SF
Lot
12.71 ac (553,647 SF)
Zoning code
R-2
APN
538-310-01-00-3
UPID
US09-5105823
Jurisdiction
KERN
Zoning & alternative use
R-2 · Bakersfield, CA
Zoning R-2 · permitted uses
R-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$55.3M
MEDICAL BUILDING
Est. value
$61.6M
OFFICE BUILDING
Est. value
$56.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE 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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
217
Lot
12.71 ac
Current owner
From public records · entity-resolved
Boardwalk Lux LLC
Entity
Mailing address
PO BOX 11358, BAKERSFIELD, CA 93389-1358
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Boardwalk Lux LLC
Mldp Investments I LLC
Grant Deed
$43,747,000 · Harper Capital Partners LLC
Oct 26, 2021
—
Kern Land Partners LLC
Kern Land Holdings LP
Intrafamily Transfer
related
—
Feb 24, 2021
—
Mldp Investments I LLC
—
Deed
related
$5,000,000 · Tri Counties Bank
Aug 9, 2019
—
Mldp Investments I LLC
—
Trustees Deed
related
$2,231,250 · Tri Counties Bank
Jun 21, 2019
—
Mldp Investments I LLC
—
Deed
related
$3,500,000 · Tri Counties Bank
Jun 14, 2019
$6,500,500
Mldp Investments 1 LLC
Dtj Dev LLC
Grant Deed
—
Jun 14, 2019
$2,292,500
Urban Land Advisors LLC
Kern Land Holdings LP
Grant Deed
—
Jun 14, 2019
—
Mldp Investments I LLC
—
Deed
related
—
Aug 13, 2018
—
Kern Land Holdings LP
Kern Land Partners LLC
Quit Claim Deed
—
Aug 11, 2017
$2,235,000
Kern Land Partners LLC
Mldp Investments 1 LLC
Grant Deed
—
Jul 10, 2017
—
Dtj Dev LLC
—
Trustees Deed
related
$27,768,750 · Tri Counties Bank
—
—
Mldp Investments I LLC
—
Loan Modification
related
—
—
—
Mldp Investments I LLC
—
Deed Of Trust
related
$3,500,000 · Tri Counties 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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