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Property profile & analytics
OFF-MARKET
Estimated value
$9,480,000
Apartment buildings
800 New Stine Rd Bakersfield, CA 93309-2922
Entity Owned
11-yr Hold
Property ID
US10-2946385
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
58,261 SF
Lot
2.68 ac (116,740 SF)
Zoning code
R3
APN
194-011-13-00-2
UPID
US10-2946385
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
-
Bridgemont Terrace Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.79M
Comparable Approach
Comparable
$9.06M
Blend (final)
Blend
$9.48M
Owner & transaction history
Tesoro Del Sol II LLC · 11 yrs held
Tesoro Del Sol II LLC
since 2014
6 recorded transactions
Zoning & alternative use
R3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.3M
+62.1%
Office building
$12.9M
+57.1%
Auto repair, garage
$9.3M
+12.9%
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%
$11,685,000
6.5%
$10,790,000
7%
$10,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,215,000
Current use
MEDICAL BUILDING
$13,320,000
Change: +62% · Conversion: Moderate
OFFICE BUILDING
$12,905,000
Change: +57% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,280,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$8,285,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,855,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$9.48M
Range $8.53M – $10.43M · ±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
$163 / 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
$104,528
Tax year 2023
Assessed value
$6,773,163
Assessed 2023
Previous assessed
$6,773,163
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$161,721
Assessed improvement
$6,611,442
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 (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
70
Total area
58,261 SF
Lot
2.68 ac (116,740 SF)
Zoning code
R3
APN
194-011-13-00-2
UPID
US10-2946385
Jurisdiction
KERN
Zoning & alternative use
R3 · Bakersfield, CA
Zoning R3 · permitted uses
R3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$13.3M
OFFICE BUILDING
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$9.3M
RETAIL STORES
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
70
Lot
2.68 ac
Current owner
From public records · entity-resolved
Tesoro Del Sol II LLC
Entity
Mailing address
6485 N PALM AVE STE #101, FRESNO, CA 93704-1072
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2020
—
Tesoro Del Sol II LLC
—
Deed
related
$3,750,000 · American Fam Mutual Ins Co Si
Dec 17, 2014
$5,850,000
Tesoro Del Sol II LLC
Bridgemont Terrace Holdings LLC
Grant Deed
$4,000,000 · Americanwest Bank
May 14, 2010
—
Bridgemont Terrace Holdings LLC
New Stine Road Apartments LLC
Grant Deed
$2,575,000 · Wells Fargo Bank NA
Jul 21, 2004
—
New Stine Road Apartments LLC
Jasmine Gardens
Grant Deed
$24,960,000 · Wells Fargo Bank
Mar 31, 1979
—
Jasmine Gardens
—
Grant Deed
related
—
—
—
Tesoro Del Sol II LLC
—
Deed Of Trust
related
$3,750,000 · American Fam Mutual Ins Co Si
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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