Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Medical Office Space
525 34th St Bakersfield, CA 93301-2206
Individually Owned
6-yr Hold
Free & Clear
Property ID
US10-2982953
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
WOOD
Total area
4,269 SF
Lot
0.7 ac (30,491 SF)
Zoning code
C-O
APN
002-042-16-00-7
UPID
US10-2982953
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
$875k
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$385k
Owner & transaction history
Bakersfield Memorial Hospital · 6 yrs held
Bakersfield Memorial Hospital
since 2019
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
by Request
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
OFFICE BUILDING
$845,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$90 / 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
$233
Tax year 2023
Assessed value
$576,842
Assessed 2023
Previous assessed
$576,842
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$203,717
Assessed improvement
$373,125
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
4,269 SF
Lot
0.7 ac (30,491 SF)
Zoning code
C-O
APN
002-042-16-00-7
UPID
US10-2982953
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
OFFICE BUILDING
Est. value
$845,000
MEDICAL BUILDING Current
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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Bakersfield Memorial Hospital
Individual
Free & Clear · 6 yrs held
Mailing address
3400 DATA DR, RANCHO CORDOVA, CA 95670-7956
Ownership since
2019
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
Aug 20, 2019
—
Bakersfield Memorial Hospital
Bakersfield Memorial Hospital
Quit Claim Deed
related
—
Jun 29, 2007
—
Bakersfield Memorial Hospital
Gupta,ramesh C & Santosh
Grant Deed
—
Dec 23, 1998
$1,040,000
Ramesh C Gupta
Kumarr,vinod & Kiran
Grant Deed
—
Feb 1, 1994
—
Sunil,r Lahiri Trustee
Lahiri,sunil R &
Quit Claim Deed
related
—
—
—
Lahiri Trust
—
Deed Of Trust
related
$465,638 · Valliwide 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 525 34th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
