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Property profile & analytics
OFF-MARKET
Estimated value
$40,035,000
Apartment buildings
8200 Laurelglen Blvd Bakersfield, CA 93311-2341
Entity Owned
14-yr Hold
Absentee Owner
Property ID
US09-0605909
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1993
Construction
WOOD
Total area
272,245 SF
Lot
27.73 ac (1,207,918 SF)
Zoning code
R-2
APN
389-300-02-00-7
UPID
US09-0605909
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
-
Cambridge Village Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.19M
Comparable Approach
Comparable
$44.78M
Blend (final)
Blend
$40.04M
Owner & transaction history
Laurelglen Properties LLC · 14 yrs held
Laurelglen Properties LLC
since 2011
5 recorded transactions
Zoning & alternative use
R-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$62.2M
+20.4%
Office building
$57.5M
+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%
$39,205,000
6.5%
$36,190,000
7%
$33,605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$51,710,000
Current use
MEDICAL BUILDING
$62,245,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$57,485,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$43,365,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$40.04M
Range $36.03M – $44.04M · ±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
$522,688
Tax year 2023
Assessed value
$34,066,004
Assessed 2023
Previous assessed
$34,066,004
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$4,370,361
Assessed improvement
$29,695,643
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
1993
Construction
WOOD
Heating
GAS
Cooling
OTHER
Stories
2
Units
320
Total area
272,245 SF
Lot
27.73 ac (1,207,918 SF)
Zoning code
R-2
APN
389-300-02-00-7
UPID
US09-0605909
Jurisdiction
KERN
Zoning & alternative use
R-2 · Bakersfield, CA
Zoning R-2 · permitted uses
R-2 · 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
$51.7M
MEDICAL BUILDING
Est. value
$62.2M
OFFICE BUILDING
Est. value
$57.5M
AUTO REPAIR, GARAGE
Est. value
$43.4M
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
1993
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
320
Lot
27.73 ac
Current owner
From public records · entity-resolved
Laurelglen Properties LLC
Entity
Mailing address
8 EXECUTIVE CIR, IRVINE, CA 92614-6746
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
—
Laurelglen Properties LLC
—
Deed
related
$28,500,000 · The Lincoln National Life Insurance Co
Dec 22, 2011
—
Laurelglen Properties LLC
Tgm Cambridge Village INC
Grant Deed
—
Feb 18, 1999
—
Tgm Cambridge Village INC
Northwestern Mutual Life Ins
Grant Deed
related
—
Mar 1, 1995
—
Mutual Life Ins Northwestern
Castle & Cooke Homes INC
Grant Deed
related
—
—
—
Laurelglen Properties LLC
—
Deed Of Trust
related
$18,525,000 · Walker & Dunlop
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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