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Property profile & analytics
OFF-MARKET
Estimated value
$6,660,000
Hotels
828 Real Rd Bakersfield, CA 93309-1002
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3232810
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Construction
WOOD
Total area
45,771 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C-2
APN
020-110-23-00-5
UPID
US10-3232810
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
-
Ramada by Wyndham Bakersfield North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.53M
CAP Approach
CAP
$5.30M
Comparable Approach
Comparable
$8.16M
Blend (final)
Blend
$6.66M
Owner & transaction history
Bkr LLC · 5 yrs held
Bkr LLC
since 2020
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+64.2%
Office building
$10.1M
+59.1%
Auto repair, garage
$7.3M
+14.4%
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
$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
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
Blend value · Realmo final
$6.66M
Range $5.99M – $7.33M · ±10% · vs last sale $6.83M (Dec 9 2020)
Last sale anchor
$6.83M
Dec 9 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
$146 / 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
$82,938
Tax year 2023
Assessed value
$7,010,690
Assessed 2023
Previous assessed
$7,010,690
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$977,976
Assessed improvement
$6,032,714
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
1993
Construction
WOOD
Heating
YES
Cooling
YES
Stories
4
Units
80
Total area
45,771 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C-2
APN
020-110-23-00-5
UPID
US10-3232810
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning 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
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$10.5M
OFFICE BUILDING
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
YES
Cooling
Yes
Stories
4
Units
80
Lot
1.14 ac
Current owner
From public records · entity-resolved
Bkr LLC
Entity
Mailing address
10640 WOODBRIDGE STPH1, STUDIO CITY, CA 91602-2938
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
Bkr LLC
—
Deed
related
$4,200,000 · New Omni Bank NA
Oct 14, 2021
—
Bkr LLC
—
Deed
related
$2,165,000 · Ampac Tri State Cdc INC
Dec 9, 2020
$6,825,000
Bkr LLC
In S Oh
Grant Deed
$3,579,000 · New Omni Bk NA
Feb 14, 2019
—
Soo Oh
—
Deed
related
$100,000 · Shinhan Bank America
Jun 23, 2017
—
Soo Oh
—
Deed
related
$100,000 · Shinhan Bank America
Mar 17, 2017
$5,285,000
Soo Oh
Jhp Hospitality Group INC
Grant Deed
$3,150,000 · Chicago Title Co
Jan 13, 2006
$6,680,000
Jhp Hospitality Group INC
Poong San Ents INC
Grant Deed
$3,398,000 · Nara Bank
Jun 28, 2004
$6,050,000
Poong San Enterprises INC
Chang,chu Y & Jungja
Grant Deed
$3,200,000 · General Electric Capital Corp
Aug 31, 2000
$4,100,000
Chuyong Chang
Grand Shangrila Int'l INC
Grant Deed
$2,170,500 · Matrix Capital Bank
—
—
Grand Shangrila Intl INC
—
Deed Of Trust
related
$1,200,000 · First Commercial Bank
—
—
Grand Shangrila Intl INC
—
Deed Of Trust
related
$1,000,000 · Tracy Federal Bank
—
—
Grand Shangila International
—
Deed Of Trust
related
$600,000 · First Commercial Bank
—
—
Jhp Hospitality Group INC
—
Deed Of Trust
related
$2,000,000 · Mortgage Capital Dev Corp
—
—
Radisson Suites Inn
—
Deed Of Trust
related
$2,200,000 · First Commercial Bank
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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