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Property profile & analytics
OFF-MARKET
Estimated value
$21,945,000
Hotels
801 Truxtun Ave Bakersfield, CA 93301-4726
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-3687457
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
WOOD
Total area
188,976 SF
Lot
4.92 ac (214,315 SF)
APN
006-570-03-00-7
UPID
US09-3687457
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 Nines Restaurant
-
801 Truxtun Avenue Parking Parking Lot & Garage
-
Bakersfield Marriott at the Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.88M
Comparable Approach
Comparable
$30.39M
Blend (final)
Blend
$21.95M
Owner & transaction history
Bakersfield Conventions Hotel · 11 yrs held
Bakersfield Conventions Hotel
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$32.8M
+24.7%
Retail stores
$30.6M
+16.2%
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%
$23,700,000
6.5%
$21,875,000
7%
$20,310,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$26,315,000
Current use
APARTMENT HOUSE (5+ UNITS)
$32,825,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$30,570,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$21.95M
Range $19.75M – $24.14M · ±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
$116 / 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
$314,308
Tax year 2023
Assessed value
$26,118,927
Assessed 2023
Previous assessed
$26,118,927
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,701,778
Assessed improvement
$23,417,149
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
YES
Cooling
YES
Stories
9
Total area
188,976 SF
Lot
4.92 ac (214,315 SF)
APN
006-570-03-00-7
UPID
US09-3687457
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
HOTEL/MOTEL Current
Est. value
$26.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.8M
RETAIL STORES
Est. value
$30.6M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
9
Lot
4.92 ac
Current owner
From public records · entity-resolved
Bakersfield Conventions Hotel
Individual
Mailing address
801 TRUXTUN AVE, BAKERSFIELD, CA 93301-4726
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2019
—
Bakersfield Convention Hotel I
—
Grant Deed
related
$24,700,000 · Bank Of America
Sep 8, 2014
—
Bakersfield Conventions Hotel
Bakersfield Inn INC
Quit Claim Deed
—
Sep 8, 2008
—
Richard H Deihl
—
Deed Of Trust
related
$3,000,000 · La Jolla Bank
Mar 20, 2008
—
Carson Inn INC
—
Deed Of Trust
related
$3,000,000 · La Jolla Bank
Mar 19, 2008
—
Anders N Hainer
Newport Hospitality Group
Grant Deed
$21,375,000 · La Jolla Bank
Feb 5, 2008
—
City Of Bakersfield
City Of Bakersfield
Quit Claim Deed
related
—
Aug 20, 2004
—
Newport Hospitality Group
John Q Hammons Hotels Two
Grant Deed
$5,600,000 · Land Bank Of Taiwan
Jun 10, 1994
—
John Q Hammons Hotels Bakersfi
Bakersfield City
Quit Claim Deed
related
—
—
—
Bakersfield Convention Hotel I
—
Deed Of Trust
related
$24,700,000 · Bank Of America
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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