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Property profile & analytics
OFF-MARKET
Estimated value
$8,655,000
Hotels
8818 Spectrum Park Way Bakersfield, CA 93308-9441
Entity Owned
~
Est. High Equity
Property ID
US09-1637990
Property summary
AI-generated overview
This exceptional investment opportunity presents a 94-key Hampton Inn & Suites by Hilton, located at 8818 Spectrum Park Way, Bakersfield, CA 93308. The property, built in 2008 and renovated in 2017, boasts 62,536 square feet on a 2.11-acre lot. The four-story building offers numerous amenities including a complimentary breakfast, electric vehicle charging stations, an outdoor pool, fitness center, business center, and meeting space. Positioned near Meadows Field Airport and major highways, this hotel benefits from a strategic location attracting both business and leisure travelers. The strong financial performance is evidenced by a 2022 Net Operating Income (NOI) of $1,187,000 and an 8.48% capitalization rate. The asking price is $13,999,000. The property is zoned M-2 and features the established Hilton brand, ensuring strong customer loyalty and market presence within Bakersfield's growing economy. This represents a compelling opportunity for investors seeking a stabilized hospitality asset with significant upside potential in a thriving California market. The property's APN is 492-200-20-00-3. This is a franchise ownership.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD FRAME
Total area
62,536 SF
Lot
2.11 ac (91,911 SF)
APN
492-200-20-00-3
UPID
US09-1637990
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Hampton Inn & Suites Bakersfield North-Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.24M
Comparable Approach
Comparable
$9.88M
Blend (final)
Blend
$8.66M
Owner & transaction history
Bak Hospitality LLC
Bak Hospitality LLC
since 2025
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.3M
+64.2%
Office building
$13.2M
+51.6%
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%
$7,840,000
6.5%
$7,240,000
7%
$6,720,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,710,000
Current use
MEDICAL BUILDING
$14,300,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$13,205,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,355,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,115,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$7,790,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.52M · ±10% · vs last sale $8.75M (Jul 30 2025)
Last sale anchor
$8.75M
Jul 30 2025
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
$138 / 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
$116,483
Tax year 2023
Assessed value
$10,058,407
Assessed 2023
Previous assessed
$10,058,407
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$836,302
Assessed improvement
$9,222,105
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
2008
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
4
Units
94
Total area
62,536 SF
Lot
2.11 ac (91,911 SF)
APN
492-200-20-00-3
UPID
US09-1637990
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$14.3M
OFFICE BUILDING
Est. value
$13.2M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$7.8M
HOTEL/MOTEL Current
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
94
Lot
2.11 ac
Current owner
From public records · entity-resolved
Bak Hospitality LLC
Entity
Mailing address
8818 SPECTRUM PARK WAY, BAKERSFIELD, CA 93308-9441
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 30, 2025
$8,750,000
Bak Hospitality LLC
The Jin Hyun Koo And Myung Hee Chu
Grant Deed
$7,270,000 · Bank Of The Sierra
Jun 6, 2016
—
Jin Hyun Koo
—
Deed
related
$620,000 · Wilshire Bank
Feb 11, 2016
—
Koo,j H Living Trust
Koo J H & Chu M H Trust
Quit Claim Deed
related
$2,966,000 · Cdc Small Busn Fin
Feb 1, 2016
—
Youn S Kim
Kim,young L
Quit Claim Deed
—
Feb 1, 2016
$9,500,000
Jin Hyun Koo & Myung Hee Chu Revoca
Bob Yoon
Grant Deed
$6,195,000 · Wilshire Bank
Nov 19, 2013
$9,350,000
Pmb Investment LLC
Spectrum Hotel 1 LLC
Grant Deed
$4,879,000 · Bbu Bank
Jul 20, 2007
—
Spectrum Hotel 1 LLC
—
Trustees Deed
related
$9,879,479 · San Joaquin Bank
Mar 22, 2007
$1,292,000
Spectrum Hotel 1 LLC
James G Bailey SR Airport
Grant Deed
—
May 5, 2006
$3,300,000
Bailey James G Living Trust
3d Spectravision LLC
Grant Deed
$3,800,000 · San Joaquin Bank
—
—
Spectrum Hotel 1 LLC
—
Deed Of Trust
related
$9,221,077 · San Joaquin Bank
—
—
Pmb Investment LLC
—
Deed Of Trust
related
$3,501,000 · Cdc Small Busn Fin
—
—
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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