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Property profile & analytics
FOR LEASE
Showrooms
6881 District Blvd, Bakersfield, CA 93313
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-3225579
For Lease
1 / 3
$0.85 SF/Yr
6881 District Blvd, Bakersfield, CA 93313
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
WOOD
Total area
218,408 SF
Lot
10.7 ac (466,091 SF)
Zoning code
M2
APN
385-014-07-00-8
UPID
US10-3225579
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
-
The Home Depot Pro Institutional Big Box & Wholesale Store
-
Flooring Liquidators General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.65M
Blend (final)
Blend
$8.26M
Owner & transaction history
Excel Business Park LLC · 9 yrs held
Excel Business Park LLC
since 2017
7 recorded transactions
Zoning & alternative use
M2 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.26M
Range $7.43M – $9.09M · ±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
$38 / 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
$158,424
Tax year 2023
Assessed value
$12,959,264
Assessed 2023
Previous assessed
$12,959,264
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,685,178
Assessed improvement
$8,274,086
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1987
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
6
Total area
218,408 SF
Lot
10.7 ac (466,091 SF)
Zoning code
M2
APN
385-014-07-00-8
UPID
US10-3225579
Jurisdiction
KERN
Zoning & alternative use
M2 · Bakersfield, CA
Zoning M2 · permitted uses
M2 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
10.7 ac
Current owner
From public records · entity-resolved
Excel Business Park LLC
Entity
Mailing address
2518 N SANTIAGO BLVD, ORANGE, CA 92867-1862
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2018
—
Excel Business Park LLC
—
Deed
related
—
Sep 6, 2017
—
Excel Business Park LLC
—
Grant Deed
related
$15,000,000 · East West Bk
May 24, 2017
—
Excel Business Park LLC
—
Grant Deed
related
$15,000,000 · East West Bk
Mar 10, 2017
$24,050,000
Excel Business Park LLC
Danari Bakersfield Industrial
Trustees Deed
$12,000,000 · Private Individual
Aug 2, 2013
$16,725,000
Danari Bakersfield Indl LP
Wells Fargo Series 2007-2
Grant Deed
$12,500,000 · Nxt Capital LLC
Sep 24, 2012
$13,000,000
Wells Fargo Bank Series 2007-2
Fidelity National Title Co
Trustees Deed
related
—
Aug 29, 2006
—
Ucm Of Titan-bakersfield Indl
Bakersfield-stockdale
Quit Claim Deed
—
—
—
Bakersfield-stockdale LP
—
Deed Of Trust
related
$3,074,208 · Wells Fargo Bank
—
—
Excel Business Park LLC
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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