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Property profile & analytics
OFF-MARKET
Estimated value
$4,255,000
Hotels
8740 Spectrum Park Way Bakersfield, CA 93308-9476
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-4945740
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Total area
50,422 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M-2
APN
492-200-24-00-5
UPID
US09-4945740
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
-
Woodspring Suites Bakersfield Airport Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.84M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$4.26M
Owner & transaction history
Smr Extendedstay2 LLC · 7 yrs held
Smr Extendedstay2 LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-2 · 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%
$6,325,000
6.5%
$5,835,000
7%
$5,420,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,020,000
Current use
INDUSTRIAL (GENERAL)
$6,735,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,545,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$6,280,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.68M · ±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
$84 / 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
$105,927
Tax year 2023
Assessed value
$7,280,943
Assessed 2023
Previous assessed
$7,280,943
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,130,099
Assessed improvement
$6,150,844
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
123
Total area
50,422 SF
Lot
2.2 ac (95,832 SF)
Zoning code
M-2
APN
492-200-24-00-5
UPID
US09-4945740
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
HOTEL/MOTEL Current
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.3M
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
123
Lot
2.2 ac
Current owner
From public records · entity-resolved
Smr Extendedstay2 LLC
Entity
Mailing address
25737 PERLMAN PL, STEVENSON RANCH, CA 91381-2348
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
Smr Extendedstay2 LLC
—
Deed
related
$6,500,000 · Valley Strong Cu
Jun 19, 2019
—
Smr Extendedstay2 LLC
Bakers Mortgage INC
Grant Deed
$5,585,801 · Mission Bank
Apr 12, 2017
$750,000
Bakers Mortgage INC
Spectrum Hotel 1 LLC
Grant Deed
—
Dec 5, 2008
—
Spectrum Hotel 1 LLC
—
Deed Of Trust
related
$1,392,141 · San Joaquin Bank
Jun 19, 2007
$1,140,000
Spectrum Hotel 1 LLC
J G Bailey Co Airport Central
Grant Deed
—
Jun 6, 2006
—
J G Bailey Airport Central LLC
Bailey James G Trust
Quit Claim Deed
—
—
—
Spectrum Hotel 1 LLC
—
Deed Of Trust
related
$7,500,000 · Tri Counties 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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