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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
610 Bailey Ave Tehachapi, CA 93561-9013
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3568905
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2010
Construction
WOOD
Total area
3,024 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
223-650-01-00-7
UPID
US09-3568905
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
$550k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$520k
Owner & transaction history
Donald Wayne Collins · 4 yrs held
Donald Wayne Collins
since 2021
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
M1 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$635,000
+84.3%
Office building
$585,000
+69.4%
Auto repair, garage
$420,000
+21.3%
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 Tehachapi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tehachapi 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
$560,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$345,000
Current use
MEDICAL BUILDING
$635,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +21% · Conversion: Easy
RETAIL STORES
$380,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$360,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $450k (Aug 30 2021)
Last sale anchor
$450k
Aug 30 2021
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
$172 / 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
$5,895
Tax year 2023
Assessed value
$459,000
Assessed 2023
Previous assessed
$459,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$193,800
Assessed improvement
$265,200
Applied tax rate
5.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
YES
Cooling
OTHER
Total area
3,024 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
223-650-01-00-7
UPID
US09-3568905
Jurisdiction
KERN
Zoning & alternative use
M1 · Tehachapi, CA
Zoning M1 · permitted uses
M1 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tehachapi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$345,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$420,000
RETAIL STORES
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$360,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2010
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Donald Wayne Collins
Individual
Mailing address
205 CODYERIN DR, HENDERSON, NV 89074-0136
Ownership since
2021
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 30, 2021
$450,000
Donald Wayne Collins
Proffitt Family LLC
Grant Deed
$390,000 · Proffitt Family LLC
Aug 30, 2021
—
Donald Wayne Collins
Mia Kathleen Collins
Intrafamily Transfer
related
—
Sep 10, 2010
$67,500
Proffitt Family LLC
Tb1 Dev LLC
Grant Deed
—
Sep 30, 1978
$60,000
—
—
Grant Deed
related
—
—
—
Proffitt Family LLC
—
Deed Of Trust
related
$287,000 · Valley Republic 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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