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Property profile & analytics
OFF-MARKET
Estimated value
$4,160,000
Retail space
8000 White Ln Bakersfield, CA 93309-7688
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2944576
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
WOOD
Total area
27,535 SF
Lot
2.53 ac (110,206 SF)
Zoning code
C-2
APN
385-430-03-00-0
UPID
US09-2944576
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
-
Rite Aid Photo (Bike/Boat/Book/etc) Store
-
Wells Fargo Bank Bank Loan Service
-
Rite Aid Pharmacy Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
Rite Aid Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$4.16M
Owner & transaction history
Gergen,joe & Mona A Fam Trust · 6 yrs held
Gergen,joe & Mona A Fam Trust
since 2020
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Top alternative use upside
Medical building
$6.3M
+60.8%
Office building
$6.1M
+55.8%
Auto repair, garage
$4.4M
+12.0%
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
$4,160,000
ML approach
$4,285,000
CAP Approach
CAP Return
Estimation
6%
$4,395,000
6.5%
$4,055,000
7%
$3,765,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,915,000
Current use
MEDICAL BUILDING
$6,295,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$6,100,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,385,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,885,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,715,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.16M
Range $3.74M – $4.58M · ±10% · vs last sale $4.40M (Jun 2 2020)
Last sale anchor
$4.40M
Jun 2 2020
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
$151 / 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
$56,692
Tax year 2023
Assessed value
$4,625,183
Assessed 2023
Previous assessed
$4,625,183
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,576,767
Assessed improvement
$3,048,416
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Stories
1
Total area
27,535 SF
Lot
2.53 ac (110,206 SF)
Zoning code
C-2
APN
385-430-03-00-0
UPID
US09-2944576
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CAZoning 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
Zoning description
The purpose of C-2 zone is to permit development of concentrated large-scale retail operations providing a broad range of goods and services which serve the metropolitan market area
Zone name
Commercial
General category
COMMERCIAL
Zone area
2,747.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.53 ac
Current owner
From public records · entity-resolved
Gergen,joe & Mona A Fam Trust
Trust
Mailing address
307 3RD ST STE #204, HUNTINGTON BEACH, CA 92648-8164
Ownership since
2020
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
Jun 2, 2020
—
Gergen,joe & Mona A Fam Trust
Joseph P Gergen
Quit Claim Deed
related
$1,800,000 · Farmers & Merchants Bk/lng Bch
May 21, 2020
—
Joseph P Gergen
Gergen Joe & Mona F/tr
Quit Claim Deed
related
—
Oct 11, 2019
$4,400,000
Gergen,joe & Mona Family Trust
Wec 98d-27 LLC
Grant Deed
—
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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