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Property profile & analytics
OFF-MARKET
Estimated value
$37,290,000
Apartment buildings
8200 Kroll Way Bakersfield, CA 93311-1167
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3029284
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1983
Construction
WOOD
Total area
253,562 SF
Lot
14.69 ac (639,896 SF)
APN
389-021-10-00-6
UPID
US09-3029284
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
-
Edgewater Condominium Rentals Apartment Complex Condominium Complex
-
Strapping Style Studio Hair Salon
-
John W Farrand Photography Wedding Service Photography Service
-
Market-Connections Professional Resume Services Employment Agency
-
Martirosyan SR Twenty Two Insurance Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.71M
Comparable Approach
Comparable
$41.71M
Blend (final)
Blend
$37.29M
Owner & transaction history
Gsf Edgewater Investors LP · 15 yrs held
Gsf Edgewater Investors LP
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$58.0M
+20.4%
Office building
$53.5M
+11.2%
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%
$36,515,000
6.5%
$33,705,000
7%
$31,295,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$48,160,000
Current use
MEDICAL BUILDING
$57,975,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$53,540,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$40,385,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$37.29M
Range $33.56M – $41.02M · ±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
$147 / 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
$450,502
Tax year 2023
Assessed value
$30,221,798
Assessed 2023
Previous assessed
$30,221,798
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,819,967
Assessed improvement
$27,401,831
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
1983
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
258
Total area
253,562 SF
Lot
14.69 ac (639,896 SF)
APN
389-021-10-00-6
UPID
US09-3029284
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
$48.2M
MEDICAL BUILDING
Est. value
$58.0M
OFFICE BUILDING
Est. value
$53.5M
AUTO REPAIR, GARAGE
Est. value
$40.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
258
Lot
14.69 ac
Current owner
From public records · entity-resolved
Gsf Edgewater Investors LP
Entity
Mailing address
6485 N PALM AVE STE #101, FRESNO, CA 93704-1072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Gsf Edgewater Investors LP
—
Grant Deed
related
$26,949,000 · Pnc Bk
Dec 13, 2010
—
Gsf Edgewater Investors LP
Edgewater Community Rentals LP
Quit Claim Deed
related
$19,300,000 · Pnc Multifamily Mortgage LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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