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Property profile & analytics
FOR SALE
Hotels
8858 Spectrum Park Way Bakersfield, CA 93308
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-2953980
For Sale
1 / 28
$8,500,000
8858 Spectrum Park Way, Bakersfield, CA 93308
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
WOOD FRAME
Total area
36,642 SF
Lot
1.72 ac (74,923 SF)
Zoning code
M-2
APN
492-200-19-00-1
UPID
US10-2953980
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
-
La Quinta Inn & Suites by Wyndham Bakersfield North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.18M
Blend (final)
Blend
$7.73M
Owner & transaction history
Bains Hotels LLC · 5 yrs held
Bains Hotels LLC
since 2021
Last sale
$7.5M
3 recorded transactions
Zoning & alternative use
M-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.6M
+147.7%
Medical building
$8.4M
+64.2%
Office building
$7.7M
+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
$8,130,000
ML approach
$8,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,640,000
Change: +148% · Conversion: Difficult
MEDICAL BUILDING
$8,380,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$7,735,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,895,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,755,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±10% · vs last sale $7.50M (Jun 30 2021)
Last sale anchor
$7.50M
Jun 30 2021
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
$211 / 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
$101,414
Tax year 2023
Assessed value
$7,816,686
Assessed 2023
Previous assessed
$7,816,686
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$780,300
Assessed improvement
$7,036,386
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
For Sale
Year built
2006
Construction
WOOD FRAME
Heating
YES
Cooling
WINDOW A/C
Stories
3
Units
65
Total area
36,642 SF
Lot
1.72 ac (74,923 SF)
Zoning code
M-2
APN
492-200-19-00-1
UPID
US10-2953980
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
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
65
Lot
1.72 ac
Current owner
From public records · entity-resolved
Bains Hotels LLC
Entity
Mailing address
13413 STONETHWAITE LN, BAKERSFIELD, CA 93311-8740
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Bains Hotels LLC
—
Deed
related
$5,800,000 · Bank Of The Sierra
Jun 30, 2021
$7,500,000
Bains Hotels LLC
C & S Chong Investment Corporation
Grant Deed
$5,000,000 · Bay Commercial Bank
Jun 21, 2006
$4,576,000
C & S Chong Investment Corp
Liberty Hotel Investments LP
Grant Deed
$2,220,000 · Bridge Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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