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Property profile & analytics
OFF-MARKET
Estimated value
$35,390,000
Apartment buildings
7501 Scarlet Riv Dr Bakersfield, CA 93308-7531
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US09-3266220
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2006
Construction
WOOD
Total area
386,282 SF
Lot
14.05 ac (612,018 SF)
APN
452-180-48-00-8
UPID
US09-3266220
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.96M
Blend (final)
Blend
$35.39M
Owner & transaction history
Meany Partners II LLC · 19 yrs held
Meany Partners II LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$51.6M
+12.2%
Auto repair, garage
$50.1M
+8.9%
Retail stores
$48.1M
+4.6%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$46,010,000
Current use
INDUSTRIAL (GENERAL)
$51,615,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$50,125,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$48,125,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$35.39M
Range $31.85M – $38.93M · ±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
$92 / 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
$480,567
Tax year 2023
Assessed value
$33,371,247
Assessed 2023
Previous assessed
$33,371,247
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$680,006
Assessed improvement
$32,691,241
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
416
Total area
386,282 SF
Lot
14.05 ac (612,018 SF)
APN
452-180-48-00-8
UPID
US09-3266220
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.0M
INDUSTRIAL (GENERAL)
Est. value
$51.6M
AUTO REPAIR, GARAGE
Est. value
$50.1M
RETAIL STORES
Est. value
$48.1M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
416
Lot
14.05 ac
Current owner
From public records · entity-resolved
Meany Partners II LLC
Entity
Mailing address
6901 MCDIVITT DR STE B, BAKERSFIELD, CA 93313-2047
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Meany Partners LLC
—
Deed
related
$100,000 · Tri Counties Bank
Feb 19, 2020
—
Meany Partners LLC
—
Deed
related
$46,000,000 · Tri Counties Bank
Oct 25, 2018
—
Meany Partners LLC
—
Grant Deed
related
$43,500,000 · Tri Counties Bank
Dec 16, 2016
—
Meany Partners II LLC
—
Deed
related
$4,500,000 · Tri Counties Bank
Oct 30, 2006
—
Meany Partners II LLC
Meany Partners LLC
Quit Claim Deed
related
—
—
—
Meany Partners II LLC
—
Deed Of Trust
related
$12,000,000 · Tri Counties Bank
—
—
Meany Partners II LLC
—
Deed Of Trust
related
$34,000,000 · Tri Counties Bank
—
—
Meany Partners II LLC
—
Deed Of Trust
related
$4,000,000 · Tri Counties Bank
—
—
Meany Partners LLC
—
Loan Modification
related
$46,000,000 · Tri Counties Bank
—
—
Meany Partners II LLC
—
Deed Of Trust
related
$4,500,000 · Tri Counties Bank
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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