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    828 Real Rd Bakersfield, CA 93309-1002
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    Property profile & analytics

    828 Real Rd, Bakersfield, CA 93309-1002

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    • Hotels
    • 45,771 SF
    • 1.14 lot acres
    Off-Market
    Last Sale Dec 9, 2020
    $6,825,000
    Property ID
    US10-3232810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,660,000
    Show details
    Cap Rate Potential
    5.3%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Ramada by Wyndham Bakersfield North / Hotel & Motel

    Property Details for 828 Real Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    1.14 lot acres
    Zone code
    C-2
    Property type
    Hotels
    APN
    020-110-23-00-5
    APU
    2011023005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2022 — Bkr LLC — Deed · related $4.2M · New Omni Bank NA
    Oct 14, 2021 — Bkr LLC — Deed · related $2.2M · Ampac Tri State Cdc INC
    Dec 9, 2020 $6,825,000 Bkr LLC In S Oh Grant Deed $3.6M · New Omni Bk NA
    Feb 14, 2019 — Soo Oh — Deed · related $100k · Shinhan Bank America
    Jun 23, 2017 — Soo Oh — Deed · related $100k · Shinhan Bank America
    Mar 17, 2017 $5,285,000 Soo Oh Jhp Hospitality Group INC Grant Deed $3.2M · Chicago Title Co
    Jan 13, 2006 $6,680,000 Jhp Hospitality Group INC Poong San Ents INC Grant Deed $3.4M · Nara Bank
    Jun 28, 2004 $6,050,000 Poong San Enterprises INC Chang,chu Y & Jungja Grant Deed $3.2M · General Electric Capital Corp
    Aug 31, 2000 $4,100,000 Chuyong Chang Grand Shangrila Int'l INC Grant Deed $2.2M · Matrix Capital Bank
    — — Grand Shangrila Intl INC — Deed Of Trust · related $1.2M · First Commercial Bank
    — — Grand Shangrila Intl INC — Deed Of Trust · related $1M · Tracy Federal Bank
    — — Grand Shangila International — Deed Of Trust · related $600k · First Commercial Bank
    — — Jhp Hospitality Group INC — Deed Of Trust · related $2M · Mortgage Capital Dev Corp
    — — Radisson Suites Inn — Deed Of Trust · related $2.2M · First Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,455,000
      ML approach
      $6,530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,740,000
      6.5%
      $5,300,000
      7%
      $4,920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,158,000
      Market price range: $4.87M - $8.97M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,375,000
      Current use
      MEDICAL BUILDING
      $10,465,000
      Change: +64% Conversion: Difficult
      OFFICE BUILDING
      $10,140,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,290,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $6,510,000
      Change: +2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,455,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.042
    Latitude
    35.3666
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $82,938
    $977,976
    $6,032,714
    $7,010,690
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      67,337 SF

      310 Coffee Rd

      HOTEL
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    • Value Estimation
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      5101 California Ave

      HOTEL
      5101 California Ave, Bakersfield, CA 93309-1623
      View Details
    • Value Estimation
      $10,075,000
      67,586 SF

      4241 Chester Ln

      MOTEL
      4241 Chester Ln, Bakersfield, CA 93309-1082
      View Details
    • Value Estimation
      $2,180,000
      26,948 SF

      1350 Easton Dr

      MOTEL
      1350 Easton Dr, Bakersfield, CA 93309-1062
      View Details
    • Value Estimation
      $4,115,000
      38,944 SF

      3600 Chester Ln

      MOTEL
      3600 Chester Ln, Bakersfield, CA 93309-1129
      View Details

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      Stockdale Highway Office Building

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      Bakersfield Restaurant - For Sale

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      Bakersfield Fourplex Investment Opportunity

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      Vacant Land on Stockdale Highway

      Vacant land with high visibility and traffic volume.
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    Similar Nearby for Lease

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      1,920 SF

      Retail Space on New Stine

      Retail space available on the corner of New Stine.
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      Office Space in Southwest Bakersfield

      Office space for rent near Highway 99 and Ming Avenue.
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      Retail Space on Stockdale Highway

      Retail property for lease on a highly-traveled highway.
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      View Details
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      14,490 SF

      Retail Complex on Ming Avenue

      132,469 sq ft retail complex with high visibility.
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      Retail Space in Bakersfield

      Retail property available for lease in Bakersfield, California.
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      2,986 SF

      California Avenue Office Space Available

      Office space for lease in a well-located building.
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    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      4.2k
    • Avg Time on site
      393 min
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    Bakersfield, CA 93309-1002
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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