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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Showrooms
8801 Crippen St Bakersfield, CA 93311-9813
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-1846940
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
STEEL FRAME
Total area
5,720 SF
Lot
1.72 ac (74,923 SF)
Zoning code
M2
APN
545-030-27-00-0
UPID
US09-1846940
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
-
Prime Resolution Film Production Television Studio
-
IES Engineering Consultant
-
Dirt Worx General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.04M
Owner & transaction history
Lbdk Investments LLC · 14 yrs held
Lbdk Investments LLC
since 2012
6 recorded transactions
Zoning & alternative use
M2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+91.0%
Office building
$1.2M
+76.4%
Apartment house (5+ units)
$1.1M
+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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
MEDICAL BUILDING
$1,310,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$1,210,000
Change: +76% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,085,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$910,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$181 / 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
$11,824
Tax year 2023
Assessed value
$905,451
Assessed 2023
Previous assessed
$905,451
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$338,034
Assessed improvement
$567,417
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
OTHER
Stories
1
Total area
5,720 SF
Lot
1.72 ac (74,923 SF)
Zoning code
M2
APN
545-030-27-00-0
UPID
US09-1846940
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
COMMERCIAL (GENERAL) Current
Est. value
$685,000
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$815,000
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Lbdk Investments LLC
Entity
Mailing address
PO BOX 20610, BAKERSFIELD, CA 93390-0610
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2012
$750,000
Lbdk Investments LLC
Patrick Wade LLC
Grant Deed
$562,500 · Wells Fargo Bank NA
Mar 30, 2011
$505,000
Patrick Wade LLC
Citizens Business Bank
Grant Deed
$379,000 · Mission Bank
Feb 9, 2011
$476,043
Citizens Busn Bk
American Default Mgmt C
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 28, 2006
—
Atkison,michael R
Castle & Cooke Coml-ca INC
Grant Deed
$760,392 · San Joaquin Bank
—
—
Atkison,michael R
—
Deed Of Trust
related
$370,000 · Mid St Dev
—
—
Atkison,michael R
—
Loan Modification
related
$357,597 · San Joaquin Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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