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    6040 Lk Isabella Blvd Lake Isabella, CA 93240-9501
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    Property profile & analytics

    6040 Lk Isabella Blvd, Lake Isabella, CA 93240-9501

    View on Map
    • Strip malls
    • 1.53 lot acres
    Off-Market
    Property ID
    US09-3071450
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Petal Pusher Plus Lake Isabella Florist / (Bike/Boat/Book/etc) Store / Florist
    • Valley Hearing Center / Medical Clinic

    Property Details for 6040 Lk Isabella Blvd

    Construction
    WOOD
    Lot size
    1.53 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    485-041-13-00-2
    APU
    48504113002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 15, 2016 — Spradlin,steven L & M Trust Spradlin Family LP Quit Claim Deed —
    Mar 12, 2004 — Spradlin Family LP Spradlin,steven L & Maryellen Quit Claim Deed · related $735k · Borrego Springs Bank
    Jan 12, 2004 — County Of Kern Lake Isabella Community Svcs Quit Claim Deed · related —
    Oct 28, 1998 $375,000 Steven L Spradlin Schwarzott,william C Grant Deed $200k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Isabella
    County
    Kern
    State
    California
    Longitude
    -118.474
    Latitude
    35.6233
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,320
    $195,740
    $361,631
    $557,371
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,055,000
      11,980 SF

      6425 Lk Isabella Blvd

      SHOPPING CENTER, STRIP CENTER
      6425 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation by Request
      131,903 SF

      5500-5640 Lake Isabella Blvd

      Neighborhood centers
      5500-5640 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation
      $1,165,000
      10,336 SF

      5620 Lk Isabella Blvd

      REGIONAL SHOPPING CENTER, MALL
      5620 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation
      $10,790,000
      107,870 SF

      5500 Lk Isabella Blvd

      REGIONAL SHOPPING CENTER, MALL
      5500 Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation by Request
      0.18 Acres

      Lk Isabella Blvd

      CAR WASH
      Lk Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • Value Estimation by Request
      3,150 SF

      2813 Fulop St

      RETAIL STORES (PERSONAL SERVICES)
      2813 Fulop St, Lake Isabella, CA 93240-9460
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,400 SF

      Lake Isabella Retail Opportunity

      Retail property in Lake Isabella with anchor store space.
      6120-6200 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $400,000

      Lake Isabella Mixed-Use Commercial Property

      High-visibility commercial property with retail, shop, and residential spaces.
      5209 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $250,000
      3,030 SF

      Versatile Commercial Property on Lake Isabella

      M-1 zoned property with retail and manufacturing space.
      4686 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $199,000
      1,200 SF

      Retail Building on Lake Isabella

      Retail building with boulevard frontage and parking.
      5416 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • New
      $360,000
      2,100 SF

      Commercial Property with Auto Shop

      C-2 zoned commercial property includes retail space and a shop with an automotive lift plus a 2017 two-story residence.
      5209 Lake Isabella Blvd, Lake Isabella, CA 93240
      View Details
    • $175,000
      1,130 SF

      Lake Isabella Car Wash Opportunity

      Partially completed car wash with high-visibility location off Highway 178.
      14700 Highway 178, Lake Isabella, CA 93240
      View Details
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    Lake Isabella, CA 93240-9501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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