Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Motels
6501 Colony St Bakersfield, CA 93307-6533
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2092940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
WOOD
Total area
36,320 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C-2
APN
515-060-02-00-7
UPID
US09-2092940
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
-
Vagabond Inn Bakersfield South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.73M
Owner & transaction history
Sri Ram Hospitality INC · 24 yrs held
Sri Ram Hospitality INC
since 2002
3 recorded transactions
Zoning & alternative use
C-2 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,060,000
Current use
AUTO REPAIR, GARAGE
$5,030,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$103 / 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
$68,280
Tax year 2023
Assessed value
$5,852,977
Assessed 2023
Previous assessed
$5,852,977
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,377,336
Assessed improvement
$4,475,641
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
139
Total area
36,320 SF
Lot
3.9 ac (169,884 SF)
Zoning code
C-2
APN
515-060-02-00-7
UPID
US09-2092940
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning C-2 · permitted uses
C-2 · 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
HOTEL/MOTEL Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
HOTEL/MOTEL Current
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
139
Lot
3.9 ac
Current owner
From public records · entity-resolved
Sri Ram Hospitality INC
Entity
Mailing address
3579 E FOOTHILL BLVD #714, PASADENA, CA 91107-3119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
Sri Ram Hospitality INC
—
Deed
related
$2,906,250 · Hcn Bank
May 17, 2002
$4,110,000
Sri Ram Hospitality INC
Herrick Trust
Grant Deed
$2,877,000 · Herrick Trust
—
—
Sri Ram Hospitality INC
—
Deed Of Trust
related
$2,800,000 · Bank Of Hemet
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6501 Colony St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
