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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Motels
8700 Spectrum Park Way Bakersfield, CA 93308-9476
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0131671
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2017
Construction
WOOD FRAME
Total area
43,088 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M2
APN
492-200-23-00-2
UPID
US09-0131671
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
-
Fairfield Inn & Suites Bakersfield North/Airport Hotel & Motel
-
EVCS Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.99M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$4.53M
Owner & transaction history
Cha 2008 Family Trust · 8 yrs held
Cha 2008 Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
M2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$5,405,000
6.5%
$4,990,000
7%
$4,630,000
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
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±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
$105 / 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
$118,982
Tax year 2023
Assessed value
$9,049,760
Assessed 2023
Previous assessed
$9,049,760
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$808,623
Assessed improvement
$8,241,137
Applied tax rate
99.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
85
Total area
43,088 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M2
APN
492-200-23-00-2
UPID
US09-0131671
Jurisdiction
KERN
Zoning & alternative use
M2 · Bakersfield, CA
Zoning M2 · permitted uses
M2 · 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
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$5.4M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
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
2017
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
85
Lot
2.07 ac
Current owner
From public records · entity-resolved
Cha 2008 Family Trust
Trust
Free & Clear · 8 yrs held
Mailing address
8300 GRANITE FLS DR, BAKERSFIELD, CA 93312-6598
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Prime Hospitality Services LLC
—
Deed
related
$7,500,000 · Tri Counties Bank
Apr 13, 2018
—
Prime Hospitality Services LLC
—
Deed
related
$4,825,000 · Tri Counties Bank
Sep 15, 2017
$10,600,000
Cha 2008 Family Trust
Prime Hospitality Services LLC
Grant Deed
—
Jul 15, 2015
—
Prime Hospitality Services LLC
—
Trustees Deed
related
$4,825,000 · Tri Counties Bank
Jan 7, 2015
$700,000
Prime Hospitality Services LLC
Spectrum Hotel 1 LLC
Grant Deed
—
Jul 27, 2007
—
Spectrum Hotel 1 LLC
—
Trustees Deed
related
$1,792,910 · San Joaquin Bank
Jun 19, 2007
$1,368,000
Spectrum Hotel 1 LLC
J B Bailey Co Airport South
Grant Deed
—
Jun 6, 2006
—
J G Bailey Airport South LLC
Bailey James G Trust
Quit Claim Deed
—
—
—
Spectrum Hotel 1 LLC
—
Deed Of Trust
related
$7,500,000 · Tri Counties Bank
—
—
Prime Hospitality Services LLC
—
Deed Of Trust
related
$4,825,000 · Tri Counties Bank
—
—
Prime Hospitality Services LLC
—
Deed Of Trust
related
$3,468,000 · Bay Area Employment Dev
—
—
Spectrum Hotel 1 LLC
—
Deed Of Trust
related
$1,392,141 · San Joaquin 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.
Try Rey
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