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Property profile & analytics
OFF-MARKET
Estimated value
$23,220,000
Retail space
6200 Colony St Bakersfield, CA 93307-6535
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1174274
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
WOOD
Total area
149,499 SF
Lot
13.2 ac (574,992 SF)
Zoning code
GC
APN
372-021-71-00-1
UPID
US09-1174274
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
-
Lowe's Garden Center Garden Center
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Lowe's Home Improvement Carpet & Flooring Store Hardware & Home Improvement
-
Installation Services General Contractor
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.11M
Comparable Approach
Comparable
$20.95M
Blend (final)
Blend
$23.22M
Owner & transaction history
Colony Street Solar Project 2022 Ll · 3 yrs held
Colony Street Solar Project 2022 Ll
since 2023
1 recorded transaction
Zoning & alternative use
GC · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.2M
+96.6%
Office building
$31.6M
+81.5%
Apartment house (5+ units)
$27.3M
+56.9%
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%
$28,285,000
6.5%
$26,110,000
7%
$24,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,390,000
Current use
MEDICAL BUILDING
$34,180,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$31,565,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$27,280,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$25,790,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,705,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$23.22M
Range $20.90M – $25.54M · ±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
$155 / 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
$194,502
Tax year 2023
Assessed value
$15,950,635
Assessed 2023
Previous assessed
$15,950,635
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,612,159
Assessed improvement
$11,338,476
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
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
149,499 SF
Lot
13.2 ac (574,992 SF)
Zoning code
GC
APN
372-021-71-00-1
UPID
US09-1174274
Jurisdiction
KERN
Zoning & alternative use
GC · Bakersfield, CAZoning GC · permitted uses
GC · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$34.2M
OFFICE BUILDING
Est. value
$31.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.3M
WAREHOUSE, STORAGE
Est. value
$25.8M
AUTO REPAIR, GARAGE
Est. value
$20.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
13.2 ac
Current owner
From public records · entity-resolved
Colony Street Solar Project 2022 Ll
Individual
Free & Clear · 3 yrs held
Mailing address
1000 LOWES BLVD MOORESVILLE
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Colony Street Solar Project 2022 Ll
Lowes Home Centers LLC
Assignment Of Lease (leasehold Sale)
—
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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