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    Property profile & analytics

    901 Mohawk St Bakersfield, CA 93309-1508

    • Apartment buildings
    • 119,700 SF
    • 10.26 lot acres
    OFF-MARKET
    Value Estimations
    $12,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1248338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Greenhaven / Apartment Complex
    • Gonzales Corp / Furniture & Home Goods
    • Business & Personal Coaching / Business Management Consultant
    • The Zedsplace / Hair Salon / Nail Salon

    Property Details for 901 Mohawk St

    Year built
    1985
    Construction
    WOOD
    Lot size
    10.26 lot acres
    Property size
    119,700 SF
    Property type
    Apartment buildings
    APN
    331-370-94-00-4
    APU
    33137094004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,052,000
      Market price range: $13.0M - $21.0M
      AI Estimate
      $13,339,000
      Market price range: $5.91M - $25.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $16,880,000
      Current use
      AUTO REPAIR, GARAGE
      $19,065,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $17,020,000
      Change: +1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $16,140,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.063
    Latitude
    35.3607
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $156,751
    $2,612,687
    $7,894,881
    $10,507,568
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,115,000
      34,056 SF

      4425 Belle Ter

      APARTMENT HOUSE (5+ UNITS) • 34,056 SF
      4425 Belle Ter, Bakersfield, CA 93309-3980
      View Details
    • Value Estimation
      $1,570,000
      8,234 SF

      4171 California Ave

      APARTMENT HOUSE (5+ UNITS) • 8,234 SF
      4171 California Ave, Bakersfield, CA 93309-1064
      View Details
    • Value Estimation
      $3,855,000
      42,162 SF

      6700 White Ln

      APARTMENT HOUSE (5+ UNITS) • 42,162 SF
      6700 White Ln, Bakersfield, CA 93309
      View Details
    • Value Estimation
      $5,035,000
      49,482 SF

      1300 Valhalla Dr

      APARTMENT HOUSE (5+ UNITS) • 49,482 SF
      1300 Valhalla Dr, Bakersfield, CA 93309-3855
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    • Value Estimation
      $3,345,000
      34,056 SF

      500 Taylor St

      APARTMENT HOUSE (5+ UNITS) • 34,056 SF
      500 Taylor St, Bakersfield, CA 93309-3084
      View Details
    • Value Estimation
      $2,000,000
      16,800 SF

      3321 Chester Ln

      APARTMENT HOUSE (5+ UNITS) • 16,800 SF
      3321 Chester Ln, Bakersfield, CA 93309-7003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Multifamily Property with Five Units

      Five-unit multifamily property available for sale.
      7016 Ming Ave, Bakersfield, CA 93309
      View Details
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      4,505 SF

      Four-Unit Multifamily Property

      Multifamily property featuring four units.
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    • $44,950

      Mobile Home in Stockdale Villas

      Two-bedroom, one-bath mobile home with amenities and investment potential.
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      Land Parcel in Southwest Bakersfield

      Approximately 5.8 acres of land at White Lane and Akers Road.
      White Ln & Akers Rd, Bakersfield, CA 93309
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    • $791,000

      Retail Pad Near Freeway Ramp

      1.01 AC retail pad for sale or ground lease.
      2700 White Ln, Bakersfield, CA 93309
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    • $4,225,000
      28,411 SF

      Vacant Office Building For Sale

      Three-story vacant office building in the Southwest Office Market.
      901 Tower Way, Bakersfield, CA 93309
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    Similar Nearby for Lease

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      CA, Bakersfield - Truxtun Ave.

      Discover many ways to work your way in CA, Bakersfield - Truxtun Ave.
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      Retail Space in Southwest Bakersfield

      Retail space available at a high-traffic intersection in Bakersfield.
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    • Contact for pricing

      Retail Space on Coffee Road

      Retail and restaurant spaces with high visibility on Coffee Road.
      600 Coffee Rd, Bakersfield, CA 93309
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    • Contact for pricing

      Retail Space in Stockdale Center

      Retail space available in southwest Bakersfield shopping center.
      Bakersfield CA Stine Rd & Beechwood St, Bakersfield, CA 93309
      View Details
    • Contact for pricing
      1,470 SF

      Retail Complex on Ming Avenue

      132,469 sq ft retail complex at Ming and Stine.
      4340-4480 Ming Ave, Bakersfield, CA 93309
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    • Contact for pricing
      954 SF

      Class A Office Space Available

      Class A office building in Bakersfield's largest office submarket.
      5201 California Ave, Bakersfield, CA 93309
      View Details
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    Bakersfield, CA 93309-1508
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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