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Property profile & analytics
FOR SALE
Office buildings
901 Tower Way Bakersfield, CA 93309
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2982947
For Sale
1 / 10
$4,225,000
901 Tower Way, Bakersfield, CA 93309
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1984
Construction
WOOD
Total area
28,411 SF
Lot
1.85 ac (80,586 SF)
Zoning code
CO
APN
331-023-19-00-6
UPID
US10-2982947
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
-
Jennifer L. Angelo, MPT Physician
-
Driltek Inc. Construction Company General Contractor
-
US Probation & Parole Office Probation Office
-
Lauren G. Lieder, PT Physician
-
Edward Jones - Financial Advisor Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.17M
Comparable Approach
Comparable
$7.22M
Blend (final)
Blend
$6.59M
Owner & transaction history
The Kern County Board Of Education · 2 yrs held
The Kern County Board Of Education
since 2023
5 recorded transactions
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.8M
+55.7%
Medical building
$6.5M
+3.2%
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%
$6,680,000
6.5%
$6,170,000
7%
$5,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,800,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$6,495,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±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
$232 / 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
$17,320
Tax year 2023
Assessed value
$4,700,000
Assessed 2023
Previous assessed
$4,700,000
+0.0% YoY
Effective rate
0.37%
On assessed value
Assessed land
$1,048,000
Assessed improvement
$3,652,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1984
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
3
Units
7
Total area
28,411 SF
Lot
1.85 ac (80,586 SF)
Zoning code
CO
APN
331-023-19-00-6
UPID
US10-2982947
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CA
Zoning CO · permitted uses
CO · 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
OFFICE BUILDING Current
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
7
Lot
1.85 ac
Current owner
From public records · entity-resolved
The Kern County Board Of Education
Entity
Mailing address
1300 17TH ST, BAKERSFIELD, CA 93301-4504
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
The Kern County Board Of Education
Crox LLC
Grant Deed
—
Oct 30, 2007
—
Crox LLC
Gurnett,j Scott & Dianna K
Grant Deed
$3,450,000 · Rabobank
Sep 29, 2006
—
J Scott Gurnett
Pencode II LLC
Grant Deed
$2,725,000 · Rabobank
Oct 16, 1998
—
Pencode II LLC
Pencode II
Quit Claim Deed
related
—
—
—
Crox LLC
—
Deed Of Trust
related
$3,200,000 · Valley Republic 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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