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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8700 Spectrum Park Way Bakersfield, CA 93308-9476

    • Motels
    • 43,088 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimations
    $4,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0131671
    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.

    Current Use by Public Records

    • Fairfield Inn & Suites Bakersfield North/Airport / Hotel & Motel
    • EVCS Charging Station / Electric Vehicle Charging Station

    Property Details for 8700 Spectrum Park Way

    Year built
    2017
    Construction
    WOOD FRAME
    Lot size
    2.07 lot acres
    Property size
    43,088 SF
    Zone code
    M2
    Property type
    Motels
    APN
    492-200-23-00-2
    APU
    49220023002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,405,000
      6.5%
      $4,990,000
      7%
      $4,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,911,000
      Market price range: $561k - $4.65M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,000,000
      Current use
      INDUSTRIAL (GENERAL)
      $5,755,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,590,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $5,370,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.076
    Latitude
    35.4386
    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
    $118,982
    $808,623
    $8,241,137
    $9,049,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,550,000
      0.43 Acres

      6257 Knudsen Dr

      MOTEL • 0.43 Acres
      6257 Knudsen Dr, Bakersfield, CA 93308-2117
      View Details
    • Value Estimation by Request
      0.62 Acres

      5200 Olive Tree Ct

      MOTEL • 0.62 Acres
      5200 Olive Tree Ct, Bakersfield, CA 93308-2956
      View Details
    • Value Estimation
      $2,565,000
      30,468 SF

      5200 Olive Tree Ct

      MOTEL • 30,468 SF
      5200 Olive Tree Ct, Bakersfield, CA 93308-2956
      View Details
    • Value Estimation
      $6,930,000
      106,140 SF

      2620 Buck Owens Blvd

      MOTEL • 106,140 SF
      2620 Buck Owens Blvd, Bakersfield, CA 93308-6310
      View Details
    • Value Estimation
      $2,670,000
      38,852 SF

      5241 Olive Tree Ct

      MOTEL • 38,852 SF
      5241 Olive Tree Ct, Bakersfield, CA 93308-2956
      View Details
    • Value Estimation
      $5,635,000
      51,924 SF

      3232 Riverside Dr

      MOTEL • 51,924 SF
      3232 Riverside Dr, Bakersfield, CA 93308-6346
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,468 SF

      Bakersfield Motel - Value Add Opportunity

      100-Key Motel, High Potential, CA
      5200 Olive Tree Ct, Bakersfield, CA 93308
      View Details
    • $1,800,000
      3.14 Acres

      Rosedale Hwy Commercial Opportunity

      3.14-acre commercial property with M2 zoning on Rosedale Hwy.
      4011 Rosedale Hwy, Bakersfield, CA 93308
      View Details
    • $713,999

      Six-Unit Multifamily Investment Opportunity

      Six fully occupied units in Bakersfield with steady income potential.
      710 Chester Ave, Bakersfield, CA 93308
      View Details
    • $1,260,000
      31.50 Acres

      Bakersfield Land: 31.5 Acres

      Prime Bakersfield acreage, owner financing available.
      0 Amos Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing

      Bakersfield Land For Sale

      Land available in Bakersfield with M-2 PD Zoning.
      Wings Way, Bakersfield, CA 93308
      View Details
    • $319,950

      Two Homes on One Lot

      Two homes on one lot, great investment opportunity.
      123 Hart St, Bakersfield, CA 93308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,300 SF

      Airport Industrial Warehouse Space For Lease

      Kern County warehouse, flexible space available.
      0 Nec Pegasus Dr. & Unicorn Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Bakersfield Center

      Retail space available in shopping center anchored by Vons.
      4500 Coffee Rd, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      49,600 SF

      Warehouse Distribution Building with Yard

      Warehouse with high ceilings, fenced yard, and truck court.
      2524-2540 Pegasus Dr, Bakersfield, CA 93308
      View Details
    • $9 SF/Yr
      22,556 SF

      Bakersfield Flex Space Available

      Large Flex Warehouse, Prime Location
      3101 Pegasus Dr, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space in Bakersfield

      Retail space available for lease in Bakersfield, California.
      Wings Way, Bakersfield, CA 93308
      View Details
    • Contact for pricing
      1,105 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,105 square feet.
      909 N Chester Ave, Bakersfield, CA 93308
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      1.8k
    • Avg Time on site
      497 min
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    Bakersfield, CA 93308-9476
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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.

    More about this property
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