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Property profile & analytics
OFF-MARKET
Estimated value
$4,855,000
Showrooms
8502 Crippen St Bakersfield, CA 93311-8993
Entity Owned
18-yr Hold
Free & Clear
Property ID
US10-2982996
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,819 SF
Lot
1.89 ac (82,328 SF)
Zoning code
M-2
APN
545-030-26-00-7
UPID
US10-2982996
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.23M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$4.86M
Owner & transaction history
D & J Industrial Invs LLC · 18 yrs held
D & J Industrial Invs LLC
since 2008
4 recorded transactions
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.5M
+91.0%
Office building
$6.9M
+76.4%
Apartment house (5+ units)
$6.2M
+58.7%
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%
$5,660,000
6.5%
$5,225,000
7%
$4,855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,930,000
Current use
MEDICAL BUILDING
$7,505,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$6,930,000
Change: +76% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,235,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,225,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$4,665,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$4.86M
Range $4.37M – $5.34M · ±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
$148 / 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
$37,197
Tax year 2023
Assessed value
$3,053,938
Assessed 2023
Previous assessed
$3,053,938
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$572,542
Assessed improvement
$2,481,396
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
32,819 SF
Lot
1.89 ac (82,328 SF)
Zoning code
M-2
APN
545-030-26-00-7
UPID
US10-2982996
Jurisdiction
KERN
Zoning & alternative use
M-2 · Bakersfield, CA
Zoning M-2 · permitted uses
M-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
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.89 ac
Current owner
From public records · entity-resolved
D & J Industrial Invs LLC
Entity
Free & Clear · 18 yrs held
Mailing address
9201 WILSHIRE BLVD STE #301, BEVERLY HILLS, CA 90210-5514
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2008
—
D & J Industrial Invs LLC
Jerrold S Felsethal
Grant Deed
—
Apr 8, 2008
—
Felsenthal,jerrold S & Judith C
Force-felsenthal LLC
Quit Claim Deed
—
Dec 6, 2007
—
Force Felsenthal LLC
Castle & Cooke Commercial Ca INC
Grant Deed
$230,000 · Citizens Business Bank
Jul 26, 2006
$607,500
Castle & Cooke Commercial-ca
Brent Cruz
Grant Deed
—
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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