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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Theaters & concert halls
6101 Knudsen Dr Bakersfield, CA 93308-2904
Individually Owned
19-yr Hold
Free & Clear
Property ID
US09-0171262
Property summary
AI-generated overview
This 7,000 square foot vacant commercial building, situated on a 2.99-acre lot in Bakersfield, California, presents a unique redevelopment opportunity. Located at 6101 Knudsen Dr, this Class B property, built in 1965, is zoned C-2 and offers significant potential. Previously used as a banquet hall, the building includes a small kitchen, private restrooms, additional storage, and ample parking. The property boasts a prime location in a high-traffic area of Northwest Bakersfield, close to Highway 99, major retailers, restaurants, and hotels. With a total asking price of $1,995,000 ($285/SF), and a land value of $15.31/SF, this property is ideal for owner-users seeking a redevelopment project. The property's occupancy date was December 4, 2020, and it consists of one building with a net rentable area of 7,000 square feet. The Kern County Assessor's Parcel Number (APN) is 364-211-30. This is a vacant property ready for its next chapter. The high visibility and convenient location make this an exceptional investment.
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1965
Construction
WOOD
Total area
7,000 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C2
APN
364-211-30-00-8
UPID
US09-0171262
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$500k
Owner & transaction history
Sagar Kumar · 19 yrs held
Sagar Kumar
since 2006
6 recorded transactions
Zoning & alternative use
C2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+56.6%
Retail stores
$610,000
+48.6%
Commercial (general)
$580,000
+41.3%
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 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$410,000
Current use
AUTO REPAIR, GARAGE
$645,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$71 / 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
$22,409
Tax year 2023
Assessed value
$1,773,238
Assessed 2023
Previous assessed
$1,773,238
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,116,485
Assessed improvement
$656,753
Applied tax rate
57.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
7,000 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C2
APN
364-211-30-00-8
UPID
US09-0171262
Jurisdiction
KERN
Zoning & alternative use
C2 · Bakersfield, CA
Zoning C2 · permitted uses
C2 · 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
THEATER (MOVIE) Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$580,000
OFFICE BUILDING
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
THEATER (MOVIE) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
Sagar Kumar
Individual
Free & Clear · 19 yrs held
Mailing address
5917 KNUDSEN DR, BAKERSFIELD, CA 93308-2946
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
—
Hodels Dev Corp
—
Grant Deed
related
$1,110,732 · Rabobank
Nov 14, 2006
$825,000
Sagar Kumar
Huggs M O & D Living Trust
Grant Deed
—
Jan 31, 2006
$1,350,000
Hodels Dev Corp
Huggs M O & D J Trust
Grant Deed
$1,050,000 · San Joaquin Bank
Jan 31, 2006
—
Huggs Milton O & Doris J Trust
Huggs M O & D J Trust
Quit Claim Deed
related
—
May 1, 2003
—
Carolyn M Lynn
Lynn,robert W & Eugene A
Quit Claim Deed
related
—
May 1, 2003
$837,000
Huggs,tr
Lynn,carolyn M
Grant Deed
$637,000 · Carolyn M Lynn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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