Financial
Distress signals
Property profile

700 23Rd St Bakersfield, CA 93301

FOR LEASE
Car washes
Property ID
US09-3377974
4,100 SF 0.23 ac lot Built 1961
Last sale Aug 2019 · $395,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$415k
Assessed land$74k
Assessed improvement$342k
Effective rate1.30%

Value estimate

· Sep 2026
$380k
$342k – $418k
AI approach$380k
Submarket $/SF estimate$666k
NOI build-up
Gross scheduled income$64k
Vacancy & credit loss−$4k
Operating expenses−$21k
NOI · 3,514,909.09% cap applied$39k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$328/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$105 – $552
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3,514,909.09%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-1
The intent of M-1 zone is to promote light manufacturing and related uses
General categoryINDUSTRIAL
JurisdictionKERN

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.8
Laundry Service8.7
Tanning Salon8.3

Location

700 23Rd St Bakersfield, CA 93301
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2505 L, Bakersfield, CA 93301 $2,601,000 Nov 2024 4,200 SF
815 Espee, Bakersfield, CA 93301 $345,000 Oct 2023 5,600 SF
1430 34th, Bakersfield, CA 93301-1607 $300,000 Aug 2022 4,000 SF
1519 32nd, Bakersfield, CA 93301-1027 $500,000 Jul 2022 5,250 SF
410 21st, Bakersfield, CA 93301-4122 $1,000,000 Oct 2021 5,931 SF
1134 33rd, Bakersfield, CA 93301-2122 $77,000 Jul 2019 6,321 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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