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Property profile & analytics
OFF-MARKET
Estimated value
$210,000
Retail space
604 Dr Martin Luther King Jr Blvd Bakersfield, CA 93307-1883
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-3593241
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD FRAME
Total area
5,291 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C2
APN
018-121-17-00-1
UPID
US09-3593241
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
-
Jesus Es El Senor Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$100k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210k
Owner & transaction history
Sergio Omar Alvarez Castro · 4 yrs held
Sergio Omar Alvarez Castro
since 2022
Last sale
$140,000
7 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210k
Range $189k – $231k · ±10% · vs last sale $140k (Jun 9 2022)
Last sale anchor
$140k
Jun 9 2022
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
$40 / 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
$4,565
Tax year 2023
Assessed value
$367,200
Assessed 2023
Previous assessed
$367,200
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$285,600
Assessed improvement
$81,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Total area
5,291 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C2
APN
018-121-17-00-1
UPID
US09-3593241
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CAZoning C2 · permitted uses
C2 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Sergio Omar Alvarez Castro
Individual
Free & Clear · 4 yrs held
Mailing address
604 DR MARTIN LUTHER KING JR BLVD, BAKERSFIELD, CA 93307-1883
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Sergio Omar Alvarez Castro
Marlene Alvarez
Intrafamily Transfer
related
—
Jan 6, 2022
—
Marlene Alvarez
Maria Yakuima Tauvar
Intrafamily Transfer
related
—
May 22, 2019
—
Maria Y Tauvar
Alvarez-castro,sergio O
Quit Claim Deed
—
Mar 11, 2014
$140,000
Sergio Alvarez
Brady,avis M
Grant Deed
$84,000 · Begelfer J 2012 Trust (pt)
Mar 11, 2014
—
Willie M Mcdaniels
Mcdaniels,john S SR
Affidavit Of Death
related
—
Jun 29, 2010
—
Lorraine M Winters
Winters,darnell
Quit Claim Deed
related
—
Oct 6, 2009
—
John S Mcdaniels
Sumlin,dennis R
Quit Claim Deed
related
—
Sep 15, 2006
$110,000
Dennis Sumlin
Mcdaniels,john S
Grant Deed
$11,000 · Mcdaniels John S (es)
May 5, 2006
—
Avis M Brady
Mcdaniels Willie M Trust
Grant Deed
—
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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